Real Estate
Lane Manor Senior Housing On Track to Start Renting in March
There's been a lot of progress on the Department of Housing and Urban Development project on Redan Road, which is slated to have rental applications available after December 1.
The HUD senior citizen housing development Lane Manor on Redan Road should be renting units around March 1, 2013, a spokeswoman with the project told Patch.
Chris Ragon, director of communications with the owner, Retirement Housing Foundation, said it has received "a significant amount of inquiries about Lane Manor and anticipate having rental applications available to fill out after December 1, 2012."
The rents will be on a monthly basis at Lane Manor, a development for adults age 62 and up who meet annual income limitations set by the Department of Housing and Urban Development (HUD), Ragon explained.
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For Stone Mountain, she said, that is $24,300 for one person or $27,750 for two people. Residents will pay about 30 percent of their monthly income as rent, and HUD will subsidize the rest.
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