H. J. Russell & Company and Russell New Urban Development, LLC,is Preserving Affordable Housing in the City of Atlanta for the Next 20 Years

H. J. Russell & Company and Russell New Urban Development, LLC,is Preserving Affordable Housing in the City of Atlanta for the Next 20 Years

The preservation of affordable housing and the quality management of those communities is, and always has been, a commitment of H. J. Russell & Company, beginning with the founder, Herman J. Russell in 1952. Today, with gentrification spreading from Atlanta’s city center outward in every direction, preserving affordable housing remains a clear and present priority for Russell as it stays true to its roots and the community. Additionally, Atlanta’s mayor recently announced the One Atlanta Housing Affordability Action Plan that is designed to address Atlanta’s rising housing costs and the systematic displacement of residents who have called their neighborhoods home for decades. “Our investment to enhance affordable housing underscores our dedication to building communities, and at the same time, enhancing the living environments of some of the city’s most vulnerable residents who also deserve quality housing in the heart of Atlanta,” said H. Jerome Russell, President, H. J. Russell & Company and Russell New Urban Development, LLC.

Grand reopening celebration and ribbon-cutting for two centrally located Russell-managed affordable housing properties – Maggie Russell Towers and Capitol Vanira Apartments. Russell will share and show the recently completed $22.3 million worth of renovations of 210 affordable housing units between both properties. The seniors at Maggie Russell and the families at Capitol Vanira Apartments live in neighborhoods in the heart of Atlanta that are experiencing gentrification – Old Fourth Ward and Reynoldstown respectively.

ABOUT H. J. RUSSELL & COMPANY

Founded in 1952, H. J. Russell & Company is one of the largest minority-owned real estate development and construction services firms in the United States. A multi-faceted organization providing integrated solutions and an exceptional customer experience, H. J. Russell has developed, designed/built, renovated, and managed some of the nation’s most complex and high profile projects involving multiple stakeholders and requiring exceptional diplomacy and skill. Russell manages 25 multifamily locations in Atlanta, which make up a total of 2701 units, and 2,304 of which are considered affordable housing. Visit www.hjrussell.com to learn more about the firm.

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