Atlanta BeltLine, Inc. (ABI) has exceeded its 2023 goal for new affordable housing units within the BeltLine Tax Allocation District (TAD), keeping it on track to meet or surpass its total affordable housing goal of 5,600 units by 2030. In 2023, 407 affordable homes were created in the TAD, topping the year’s goal by 31 percent, bringing the total number of affordable units to 3,555 to date. ABI also has nearly 500 additional new affordable units in its 2024 pipeline and continues to advance its land acquisition investments and site planning efforts designed to create and preserve affordability along the corridor.
Propelled by City of Atlanta Mayor Andre Dicken’s ambitious goals around affordable housing citywide, and backed by partners Invest Atlanta, Atlanta Housing, the Georgia Department of Community Affairs, and the Development Authority of Fulton County, ABI has made unprecedented strides in providing and guiding equitable housing options for all residents in all quadrants of the City.
“The BeltLine remains intentionally focused on providing affordable housing for residents earning less than 80% AMI and identifying new ways to deliver affordable housing more equitably,” said Atlanta BeltLine, Inc. President and CEO Clyde Higgs. “2023 was marked by continued investment in a more diverse range of affordable housing options, including permanently affordable housing options, and 2024 will bring another robust pipeline of additional deals and acquisitions that further our plans to secure equitable development across the BeltLine TAD.”
Affordable housing created/preserved in the BeltLine TAD for 2023 included:
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Closing on $1.17 million from BeltLine TAD increment to support the Atlanta Land Trust and its partner Intown Builders, LLC. in the development of new townhomes in the Avenue at Oakland City. The project includes two-and three-bedroom townhomes, 13 of which are offered to buyers earning up to 80 percent AMI and 16 at 100…
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