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ATLANTA — Atlanta City Council member Joyce M. Sheperd and other local officials joined to dedicate a newly renovated rental townhouse community, The Villas at Lakewood. Virginia Beach, Va.-based Hercules Real Estate Services (HRES) has completed a $6 million renovation of the former Amal Heights community, located south of downtown Atlanta at 1700 Giben Rd. The renovation was completed under the Federal Low Income Housing Tax Credit (LIHTC) program. More than 160 units are designated affordable housing under the LIHTC program, while 28 are market rate. Hercules acquired the half-empty Amal Heights complex in 2007 with plans to convert it to affordable housing under the program.