Madison DDA signs cooperative agreement with Parallel Housing

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By Tia Lynn Lecorchick staff writer

The Downtown Development Authority (DDA) signed a Memorandum of Understanding (MOU) with Parallel Housing, a non-profit company out of Athens that designs and builds senior housing, to explore a proposed senior development of 40 to 45 units, creating more affordable living options for seniors in Morgan County.

The proposed site is on Fifth Street in the W. Washington Street Gateway. “This is a promise to work together to see what the possibilities are,” said Monical Callahan, planning director for the DDA.

The DDA will work along slide Parallel Housing until the non-profit company submits an application to the Department of Community Affairs, which is due by June 1. “We will work with them on planning the site and architecture, and perhaps a financial lending component,” explained Callahan.

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