Articles about Affordable Housing

New 20PLUS Homebuyer Incentive Launches at West Highlands Open House Tour

More than 100 attendees came to the West Highlands Open House, where they toured model homes for sale and learned about 20PLUS, the newest Invest Atlanta homebuyer incentive. The event, held on Saturday, September 30, showcased newly-constructed, affordable homes available for sale to prospective 20PLUS participants in West Highlands, an award-winning, Brock Built master planned community in… Read more

Long-Vacant Adair Elementary to Be Redeveloped Info Affordable Housing Units

On Thursday, September 14, the Urban Residential Finance Authority Housing Committee approved $1.5 million from funding raised through the Housing Opportunity Bond to finance the adaptive reuse and redevelopment of the historic Adair Elementary School. The school has been vacant since the 1970's. The new development, called Academy Lofts, will include 35 residential units, of… Read more

Groundbreaking Kicks Off Work on Rehab of Wheat Street Towers

The official groundbreaking for upgrades to the Wheat Street Towers on Auburn Avenue took place on Thursday, August 17. The Urban Residential Finance Authority (URFA) supported the acquisition, rehabilitation, preservation of the residential complex through a $12.5 million bond financing. Once open, the Wheat Street Towers will have 208 units available for seniors earning 60% Average Median… Read more

Invest Atlanta Supports Projects Key to City’s Past, Present, and Future

At their July meeting, the Invest Atlanta Board of Directors authorized seven Eastside TAD grants totaling $27.4 million. Once finalized, this funding will support projects that honor Atlanta's past through the rehabilitation of key historic assets, while also strengthening the city’s economy for the future. In total, the seven projects these grants support will create 3,456 new full-time jobs, attract $486.7 million… Read more

Invest Atlanta Hosts Inaugural Westside Housing Fair

The first-ever Westside Housing Fair, held on Saturday, July 22 at the Hollis Innovation Academy, offered residents valuable housing information from Invest Atlanta and our partners, as well as prizes and fun activities for the entire family. The partners participating at the Fair provided valuable insights to attendees, whether they currently rent, already own a home,… Read more

Invest Atlanta Approves Creation and Retention of 493 Units of Affordable and Workforce Housing

At Invest Atlanta’s July monthly board meeting this morning, Mayor Kasim Reed and members of the Invest Atlanta board approved five projects that in total would create or retain 493 units of affordable and workforce housing. The new developments will increase the availability of affordable housing within Atlanta’s in-town communities and are located near MARTA… Read more

NALHFA Board Travels to D.C. to Push For Affordable Housing Solutions

Dawn Luke, Invest Atlanta’s Senior VP of Community Development, joined fellow board members of the National Association of Local Housing Finance Agencies (NALHFA) on a trip to Washington, D.C. to speak with federal lawmakers about solutions to the nation’s affordable housing crisis. Luke was elected to the NALHFA board in May of last year. On June 29, NALHFA… Read more

Grant to Fund Affordable Workforce Housing in Downtown Development

At their June 15 meeting, the Invest Atlanta Board of Directors passed a resolution approving the use of $9 million from the Eastside Tax Allocation District (TAD) for the development of a $90.5 million, 14-story, 302-unit residential tower at 161 Peachtree Center Avenue in Downtown Atlanta. Sixty of the units, or 20 percent of the… Read more

Southwest Connector Trail Open House Showcases Homebuyer Incentives

On Saturday, June 10 Invest Atlanta and Atlanta BeltLine co-hosted the Southwest Connector Trail Open House Walking Tour 2017.  The free home tour event, now in its third year, allowed hundreds of prospective homebuyers to learn helpful information about purchasing a home near the Southwest Connector Trail with Invest Atlanta down payment incentives. Starting from… Read more

Newly Closed Housing Opportunity Bonds to Fund Affordable Housing Initiatives

Update (7/17/2017): Invest Atlanta, the City of Atlanta, and the Atlanta Housing Authority are pleased to announce the Housing Opportunity Bond Multifamily and Single Family Development Programs are now “LIVE” and the updated application is available on our website. Download the Residential Development Incentives application here.  Thanks to the support of Mayor Kasim Reed, the Urban… Read more