In 1995, developers Rhodes and David Perdue decided to convert the building to lofts. They applied for bond financing from the Atlanta Development Authority (ADA), the city's development arm. As a condition of providing the financing, the ADA required, as part of an affordable housing program, that one-fifth of the units be made available for people earning 50% of the area median income, ($25,000 per year) or less. The lofts opened in 1996, and for fifteen years through 2011, units were offered as living and work space to artists, writers and designers at inexpensive prices under the program. In 2011, the units were transitioned to market rates. Upon conclusion of leases, occupants had to sign new contracts at the much higher market rates if they wished to stay.
