Edwards & Sayward, an architectural firm with an excellent reputation in Atlanta, was awarded the contract to construct University Homes. Edwards & Sayward were known for their undertaking of several prominent Atlanta vicinity projects including the Columbia Theological Seminary and the library at Agnes Scott College in Decatur as well as many commercial and public buildings, schools, and churches. Construction for University Homes was completed in 1937 by the U.S. Public Works Administration.

On March 5, 1937, First Lady Eleanor Roosevelt paid a visit to University Homes. She expressed herself as well satisfied with Atlanta's experiment of better housing, but pointed out that "the average Negro workman could not pay the present rent rate." By its opening in 1937, University Homes apartments rented for $2.65 to $4.00 per week with a $1.50 utilities charge. Monthly wages for University Homes tenants ranged from between $8.00-$30.00 per week.

The TAB records that on April 15, 1937, the first tenants moved into their new home, Mr. Oscar Banks, a retired railroad employee with his family. The TAB records Mayor Hartsfield presided over the dedication day ceremonies on Larkin street.

Once completed, University Homes consisted of 42 buildings with a separate entry and small plot of land for each apartment. University Homes apartments featured hot and cold running water, electricity, steam heat, closet and storage space, and modern kitchen appliances. University Homes' two-story brick buildings were designed utilizing the International Style to be sturdy, with minimal decoration, using optimum square footage with provisions for adequate light, fresh air, and open space between buildings. In addition to the residences, University Homes included a library, nursery schools and play centers, medical and dental facilities, seven laundry rooms, parks and interior courts.