Articles about Affordable Housing

IA Ends 2017 On High Note With Support For Hundreds of Affordable Housing Units

As 2017 came to an end, Invest Atlanta closed on several important affordable housing projects to put the total number of affordable housing units supported this year at 1,962. Below are the multi-family and senior housing projects Invest Atlanta closed in December: City Lights II: Invest Atlanta issued $11.5 million in tax-exempt bonds to finance Wingate… Read more

IA Joins Inaugural Atlanta Housing Equity and Affordability Forum

Invest Atlanta participated in the first Atlanta Housing Equity and Affordability Forum on Thursday, December 14 at The Gathering Spot. Hosted by the Atlanta Housing Authority (AHA), the event consisted of three panel discussions with leaders in affordable housing development and policy. “We really hope that this will be the first of a series of… Read more

Piedmont Senior Tower Breaks Ground on Extensive Upgrades

A groundbreaking celebration took place at Piedmont Senior Tower on December 12 to celebrate the beginning of extensive renovations and upgrades to the complex. Once complete, the building will be fully rehabilitated, preserving more than 200 affordable units for the elderly and disabled. “I believe housing is about people,” said Councilmember Andre Dickens. “That’s what… Read more

Financing Approved for Preservation of 812 Affordable Housing Units

The URFA Board of Directors recently approved financing for the acquisition and rehabilitation of three multifamily rental complexes with 812 units of affordable rental housing. At a special called meeting, the board approved a total of $128.8 million in tax-exempt bond financing to support the preservation of three multifamily housing developments: Allen Hills, Rolling Bends I,… Read more

Civic Center to Be Redeveloped Into Mixed-Use Development With Affordable Housing

Mayor Kasim Reed announced the City of Atlanta has sold the Civic Center to the Atlanta Housing Authority (AHA) for $31 million. Mayor Reed was joined by AHA President and CEO Catherine Buell and Invest Atlanta General Counsel and Senior Vice President Rosalind Rubens Newell for the announcement. AHA will partner with Weingarten Realty Investors… Read more

IA Moves Forward With Innovative Housing Affordability Strategies

The Invest Atlanta Board of Directors approved two resolutions to provide new opportunities for long-term affordability in the Westside neighborhoods of English Avenue and Vine City. These initiatives will offer new affordable living options for both renters and potential homeowners. “We recognize that we have to have a solution for all the residents living in… Read more

Residents Learn About Atlanta BeltLine Affordability and Inclusionary Zoning

Councilmember Andre Dickents recently led a special citywide conversation to discuss efforts to expand affordable housing around the Atlanta BeltLine. At the Families First headquarters, Councilmember Dickens delivered a special presentation on proposed legislation that would introduce affordable workforce housing to the Atlanta Zoning Ordinance in the Atlanta BeltLine Overlay District. If the policy is implemented, any… Read more

Invest Atlanta Joins 8th Annual APAB Citizen Engagement and Community Day

Invest Atlanta took an active role in the Atlanta Planning Advisory’s Citizen Engagement and Community Day, held at Zoo Atlanta on October 14. Dawn Luke, Senior Vice President of Community Development, shared information about community development and housing finance with the attendees. The annual event, now in its eighth year, aims to equip Atlanta residents with… Read more

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