Public-private partnership will deliver a 100-apartment affordable community for seniors
GAINESVILLE, GA, UNITED STATES, August 20, 2026 /EINPresswire.com/ — Paces Preservation Partners, in partnership with the City of Gainesville Housing Authority, hosted a groundbreaking ceremony for Lakeside at Harrison Village on Wednesday, August 19, 2026. The event celebrated the start of construction on the 100-unit, 55+ apartment community.
The groundbreaking showcased the public-private collaboration between state and local government agencies, nonprofits and private businesses. Financing is being provided by tax-exempt bonds allocated by the Georgia Department of Community Affairs and issued by the City of Gainesville Housing Authority. Additional financing partners include BWE, JPMorgan Chase, and U.S. Bank.
Paces Preservation Partners is a strategic partnership between the nonprofit Paces Foundation and Soho Housing Partners. The partnership works with local housing authorities to redevelop public housing.
“Modern affordable housing for seniors is a pressing need in the rapidly growing Gainesville metro area and we’re excited that Lakeside at Harrison Village is officially underway,” said Beth Brown, executive director of the Gainesville Housing Authority. “Thanks to our partners, we will soon be able to provide a modern, affordable community with many amenities to more seniors who have lower incomes.”
Located on Harrison Drive, the four-story development will feature indoor spaces designed for connection and engagement along with outdoor areas to support an active, enjoyable lifestyle. The mix of thoughtfully designed one- and two-bedroom apartment homes has been created specifically for adults 55+ who have incomes at or below 80% of the Area Median Income (AMI). For 65 of the apartments, residents will pay approximately 30% of their adjusted income toward rent and utilities. Remaining units will have rents based on federal Housing and Urban Development (HUD) income limits, with anticipated monthly outlays ranging from $1,000 to $1,500.
“Lakeside at Harrison Village is about more than adding new apartment homes—it is about creating a stable, well-designed community where seniors can live comfortably, connect with neighbors and remain part of a growing Gainesville,” said Steve Bien, president of Soho Housing Partners. “We are proud to help bring this much-needed development to life and look forward to welcoming residents in 2027.”
“When senior and family communities are developed side by side, they create a stronger, more connected neighborhood,” said Steven Bauhan, Chief Development Officer of The Paces Foundation. “Seniors benefit from being close to the energy and activity of families, while families benefit from the stability, perspective and sense of continuity that older residents bring. Together, these communities help create a more complete and supportive place to call home.”
About Soho Housing Partners
Leveraging more than 40 years of housing and capital markets experience, Soho Housing Partners, LLC was founded by Steve Bien and Kevin DiQuattro to develop, construct, and preserve multi-housing with a concentration on affordable housing developments. Soho’s significant structuring, financial, and technical expertise affords the ability to find value in even the most complex transactions and unique development opportunities.
About The Paces Foundation
Founded in 1991, The Paces Foundation is a 501(c)3 nonprofit organization that provides affordable housing and services for low-income neighbors. The housing for both seniors and families is built to green certification standards to ease utility and maintenance costs for residents and has a low impact on the environment. The foundation contributed millions of dollars to the economy via professional services and building trades and is Section 3 compliant. The Paces Foundation has owned, preserved and/or developed more than 3,500 units across the southeast. Visit pacesfoundation.org.
About Gainesville Housing
Gainesville Housing is an authority dedicated to building and preserving affordable housing and delivering resident-centered support that provides lasting stability. By leveraging partnerships and strategic financing, the organization will have secured over $220 million in investments by the end of 2027—resulting in 439 new affordable apartment homes in the City. To date, Gainesville Housing has also issued bonds enabling the development or preservation of 616 apartments. In addition to quality housing, the organization offers a robust suite of resident services, including case management, after-school and summer youth programs, health and wellness offerings, and enrichment activities. Through this integrated approach, Gainesville Housing empowers residents, strengthens neighborhoods, and builds a foundation for lasting community success. Visit gainesvillehousing.org to learn more.
Amy Sigal
The Paces Foundation
+1 678-467-0253
amy@pacesfoundation.org
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