Atlanta BeltLine, Inc. is investing more than $550,000 in the Ralph David House, an adaptive-reuse development converting an eyesore motel at 277 Moreland Avenue into 54 apartments in the Reynoldstown community – the first time Atlanta BeltLine has invested in a project with all permanently supportive housing units. A groundbreaking ceremony was held December 5 at the site with Atlanta Mayor Andre Dickens, ABI President and CEO Clyde Higgs, and honored speakers and guests.
Led by Stryant Investments, the development is situated where Moreland Avenue meets I-20. Apartments will be reserved for those earning 30 percent of Area Median Income (AMI) or less and who were previously unhoused. Rents and utility costs combined will be capped at 30 percent of each tenant’s income.
“The Ralph David House project marks a significant milestone in fully affordable housing options in Atlanta and forwards Atlanta BeltLine’s mission to meet affordable housing goals along and around our 22-mile corridor,” said Clyde Higgs, President and CEO of Atlanta BeltLine Inc. “As our city grows and evolves, developments like this one are ensuring that all Atlantans have access to projects like this one that deliver shared prosperity and an opportunity to access jobs and amenities.”
Designed by Terminus Design Group, the architect of record, plans include having a social worker office onsite, ADA-compliant units and a design that meets Fair Housing Guidelines.
In addition to funding provided by the BeltLine’s TAD Increment Fund, managed by Invest Atlanta, the project has received funding from the Atlanta Affordable Housing Fund, City of Atlanta HOME funds, as well as support from Partners for HOME’s HomeFirst program, which provided funding as well as Housing Choice Vouchers from Atlanta Housing and supportive services for all individuals housed in the units.
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