Articles about Housing

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 Round of Housing Opportunity Bonds to Fund Affordable Housing Initiatives

Thanks to the support of Mayor Kasim Reed, the Urban Residential Finance Authority has closed on $40 million of Housing Opportunity Bonds that will be used to fund critical affordable and workforce housing development initiatives, including homeowner renovations, multifamily loans, single family loans, nonprofit development loans, and land assemblage. Back in March, both the Atlanta… Read more

Reynoldstown Senior Residencies Celebrates Long-Awaited Opening

After many years of hard work, the Reynoldstown Senior Residencies officially opened with a ribbon cutting ceremony on Thursday, May 4. The brand-new senior housing development along the Atlanta BeltLine offers 70 high-quality highly affordable housing units reserved for residents over the age of 62. “What I find amazing is the commitment, not only of Invest… Read more

Board Takes Steps Forward on Westside Affordable Housing

At their April meeting, the Invest Atlanta Board of Directors signed off on two efforts to create more affordable housing options on the Westside. The first, on Dalvigney Street in English Avenue, will involve the renovation of 12 units for residents earning no more than 50 percent area median income (AMI), with rents capped at… Read more

IA to Redevelop Westside Properties Into Affordable Workforce Housing

Invest Atlanta recently announced the release of a Request for Proposals (RFP) seeking to develop 24 single-family properties in Atlanta’s English Avenue and Vine City neighborhoods to turn currently abandoned land parcels into affordable workforce housing units. This redevelopment of 24 Invest Atlanta-owned properties will add new housing for Westside residents and help to reduce blight,… Read more

Trio and Invest Atlanta Showcase a New Path to Home Ownership

  Trio and Invest Atlanta co-hosted a Homeowner’s Workshop on Wednesday, April 12 to share key information about Trio's affordable and flexible lease-to-own model. The event took place at the Georgia-Pacific Center’s Auditorium. Trio provides an alternative financing solution for those who want to own a home, but are looking outside of the traditional mortgage… Read more

Resurgens Fund Grants to Bring New Life to Eastside Properties

At their March meeting, the Invest Atlanta board approved two Resurgens Fund grants, including one that will allow The Ethical Property Group create a new space for non-profit organizations. “The Resurgens Fund was deliberately created to with the intention of reactivating these vacant and obsolete buildings,” said Jennifer Fine, Invest Atlanta’s Vice President of Planning… Read more

Work Begins on Phoenix House Affordable Housing

The groundbreaking ceremony for Phoenix House, the future site of a 69-unit affordable housing complex reserved for the homeless and mentally disabled, took place on Friday, March 3. Leading the project are Invest Atlanta, The National Housing Trust Enterprise Preservation Corporation (NHT-Enterprise)—a Washington, D.C. non-profit affordable housing owner and developer—Tapestry Development Group, and 3Keys, Inc.… Read more

Hagar Celebrates Renovation of Nine Affordable Units

With a cut of a blue ribbon, the partners involved in completing the Hagar Housing Development celebrated the opening of nine retained and renovated affordable units in the English Avenue Neighborhood. “I love turning concept into concrete,” said Akilah Ali of Hagar Civilization Missionary, an all-volunteer organization that spearheaded the effort. “We’re working to keep… Read more