Sign Up for
Invest Atlanta News

Making an Impact on Atlanta

Scroll down to see the impact and stories of people and places supported through Invest Atlanta programs.

 

2024 At A Glance

4,133

New Jobs Created (Business Attraction and Expansion)

$1.05B

Total Capital Investment

$1.85B

Total Economic Impact

1,556

Affordable Housing Units Financed (Multifamily)

365

Homeownership Incentives (Downpayment Assistance, Owner-Occupied Rehab and Tax Relief)

1,578

Small Businesses Supported (Grants, Loans and Technical Assistance)

 

See What We’ve Been Up To

{"result":[{"id":555,"title":"December Affordable Housing Recap","promo_title":"Affordable Housing Recap","published_date":"2025-01-24","featured_image":{"id":2759,"parent_id":177,"resource_file_name":"bur2.jpg","resource_content_type":"image/jpeg","resource_file_size":91642,"resource_updated_at":"2025-02-06T15:06:42.094-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2025-02-06T15:06:42.116-05:00","updated_at":"2025-02-06T15:07:30.580-05:00","filename_hash":"bur2_6XnkYEl.jpg","width":962,"height":633},"filename":"december-affordable-housing-recap","meta_data_id":null,"published":true,"token":"sS3--g","created_at":"2025-02-06T15:07:30.561-05:00","updated_at":"2025-02-06T15:07:30.561-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n Housing affordability is foundational to a strong economy and healthy communities and is a number one priority for the City of Atlanta.\u0026nbsp; Invest Atlanta is working closely with Mayor Andre Dickens to achieve an ambitious goal to create and preserve 20,000 affordable housing units by 2030. Below are some of the latest developments approved for Invest Atlanta financing.\n\u003c/div\u003e\n","project_year":"2025","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eHousing affordability is foundational to a strong economy and healthy communities and is a number one priority for the City of Atlanta.\u0026nbsp; Invest Atlanta is working closely with Mayor Andre Dickens to achieve an ambitious goal to create and preserve 20,000 affordable housing units by 2030. Below are some of the latest developments approved for Invest Atlanta financing.\u003c/p\u003e\r\n\r\n\u003cp style=\"margin-left: 40px;\"\u003e\u003cstrong\u003eBurbank Townhomes\u003c/strong\u003e\u003c/p\u003e\r\n\r\n\u003cp style=\"margin-left: 40px;\"\u003eA $525,000 Beltline Affordable Housing Trust Fund grant will finance the new construction of multifamily housing units in the Hunger Hill community. Located on Burbank Drive, the development will feature 10 townhomes \u0026ndash; all of which will be affordable between 30% - 80% area median income (AMI). A 65-year Land Use Restriction Agreement (LURA) with the Community Foundation for Greater Atlanta guarantees long-term affordability and ensures the homes remain affordable for future generations.\u003c/p\u003e\r\n\r\n\u003cp style=\"margin-left: 40px;\"\u003e\u003cstrong\u003eChosewood Park\u003c/strong\u003e\u003c/p\u003e\r\n\r\n\u003cp style=\"margin-left: 40px;\"\u003eA $2 million Beltline Tax Allocation District (TAD) Increment Grant and a $21.8 tax-exempt bond will finance the new construction of 107 multifamily housing units in the Chosewood neighborhood. Located on McDonald Drive, the Residences at Chosewood Park is a planned 107-unit, mixed-used development adjacent to the Atlanta Beltline\u0026rsquo;s Interim Southside Trail. All units will be made affordable between 30% - 80% AMI.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Renting\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n \n\u003c/span\u003e\n"},{"id":554,"title":"Invest Atlanta Celebrates Two Groundbreakings for Affordable Housing ","promo_title":"Invest Atlanta Celebrates Two Groundbreakings for Affordable Housing ","published_date":"2025-01-15","featured_image":{"id":2758,"parent_id":177,"resource_file_name":"hsp06732.png","resource_content_type":"image/png","resource_file_size":1361659,"resource_updated_at":"2025-02-06T13:56:07.941-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2025-02-06T13:56:07.976-05:00","updated_at":"2025-02-06T13:56:36.911-05:00","filename_hash":"hsp06732_YWMr3z3.png","width":1080,"height":721},"filename":"invest-atlanta-celebrates-two-groundbreakings-for-affordable-housing","meta_data_id":null,"published":true,"token":"WlmvZg","created_at":"2025-02-06T13:56:36.903-05:00","updated_at":"2025-02-06T13:56:36.903-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n Invest Atlanta team members were onsite to celebrate the groundbreaking of two notable housing developments that not only support Atlanta\u0026rsquo;s affordability goals, but also contribute to vibrant, diverse communities.\n\u003c/div\u003e\n","project_year":"2025","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eInvest Atlanta team members were onsite to celebrate the groundbreaking of two notable housing developments that not only support Atlanta\u0026rsquo;s affordability goals, but also contribute to vibrant, diverse communities.\u003c/p\u003e\r\n\r\n\u003cp\u003eAccording to Dr. Eloisa Klementich, president and CEO of Invest Atlanta, when families can access housing without a disproportionate financial burden, they can allocate resources toward education, healthcare and savings, leading to improved economic stability and opportunities for upward mobility. \u0026ldquo;By investing in affordable housing, we improve opportunities for upward mobility and long-term economic development,\u0026rdquo; says Eloisa. \u0026ldquo;Any day we break ground on an affordable housing project is a good day in my book.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eBelow are the first two groundbreakings of 2025.\u003c/p\u003e\r\n\r\n\u003cp style=\"margin-left: 40px;\"\u003e\u003cstrong\u003eSweet Auburn Grande \u003c/strong\u003e\u003c/p\u003e\r\n\r\n\u003cp style=\"margin-left: 40px;\"\u003eSweet Auburn Grand is the site of a historic building built in 1908 that once housed the Atlanta State Savings Bank, the first Black-owned bank in Atlanta and Georgia\u0026rsquo;s first state-chartered Black bank. With financing help from Invest Atlanta and its housing partners, including $28 million in tax-exempt bond financing, $3 million in Housing Bond Opportunity and a $4 million Eastside Tax Allocation District (TAD) Grant, the building will be preserved and renovated to include 109 multifamily housing units \u0026ndash; 92 of which will be restricted to serve 80% area median income (AMI) and below.\u003c/p\u003e\r\n\r\n\u003cp style=\"margin-left: 40px;\"\u003e\u003cstrong\u003eMetropolitan Place \u003c/strong\u003e\u003c/p\u003e\r\n\r\n\u003cp style=\"margin-left: 40px;\"\u003eA $37.5 million tax-exempt loan and a $2.9 million housing opportunity bond loan approved by the Invest Atlanta Board is financing the new construction of 176 affordable multifamily housing units and mixed-use development in the Perkerson neighborhood. All Metropolitan Place housing units will be available at 70% AMI or less with 36 units offered at or below 30% AMI.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n \n\u003c/span\u003e\n"},{"id":546,"title":"Invest Atlanta Approves Financing for 218 Affordable Housing Units","promo_title":"Invest Atlanta Approves Financing for 218 Affordable Housing Units","published_date":"2024-11-28","featured_image":{"id":2723,"parent_id":173,"resource_file_name":"martin2.jpg","resource_content_type":"image/jpeg","resource_file_size":165398,"resource_updated_at":"2024-12-10T12:22:03.879-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2024-12-10T12:22:03.913-05:00","updated_at":"2024-12-10T15:31:48.018-05:00","filename_hash":"martin2_YW2oqnL.jpg","width":910,"height":685},"filename":"invest-atlanta-approves-financing-for-218-affordable-housing-units","meta_data_id":null,"published":true,"token":"ocz_7A","created_at":"2024-12-10T12:22:43.829-05:00","updated_at":"2024-12-10T15:31:47.994-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n As part of its ongoing commitment to address the acute need for affordable housing and create more inclusive communities that cater to all residents, the Invest Atlanta Board approved $23.7 million in financing that will create or preserve 218 affordable housing units, including both single-family and multifamily options.\n\u003c/div\u003e\n","project_year":"2024","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eAs part of its ongoing commitment to address the acute need for affordable housing and create more inclusive communities that cater to all residents, the Invest Atlanta Board approved $23.7 million in financing that will create or preserve 218 affordable housing units, including both single-family and multifamily options.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;Affordable housing is not a one-size-fits-all solution,\u0026rdquo; says Mayor Andre Dickens, who serves as the Invest Atlanta Board chair, \u0026ldquo;so we need to ensure our investments meet people where they are \u0026ndash; whether that is single residents, families or seniors.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eBy leveraging different funding mechanisms, Invest Atlanta, in collaboration with the City of Atlanta, mobilizes resources to drive impactful projects throughout the city and helps close the housing affordability gap. Invest Atlanta has closed on financing to support the creation or preservation of 4,581 affordable housing units since the start of 2022. This amounts to a $1.5 billion total capital investment for housing in the city of Atlanta in support of Mayor Dickens\u0026rsquo; goal of creating or preserving 20,000 affordable housing units by 2030.\u003c/p\u003e\r\n\r\n\u003cp\u003eBelow are the latest projects approved for Invest Atlanta financing.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eMartin House \u003c/strong\u003e\u003c/p\u003e\r\n\r\n\u003cp\u003eA $20 million tax-exempt bond will support National Church Residences\u0026rsquo; acquisition and rehabilitation of 152 senior housing units at 60% of the area median income (AMI) in the Adamsville neighborhood. Originally constructed in 2005, Martin House is a 20-year-old senior-living property in need of renovation to its common areas and resident units. The investment will help preserve affordability at Martin House for another 30 years.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eHomes for the Future \u003c/strong\u003e\u003c/p\u003e\r\n\r\n\u003cp\u003eA $1.47 million investment of Housing Opportunity Bond financing will help acquire 40 single-family rental units across Atlanta\u0026rsquo;s southwest neighborhoods \u0026ndash; 21 of which will be made affordable at 80% AMI or below. The future goal of the project is to convert these units into affordable homeownership.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eAtlanta Single Family Homes Affordable Preservation Project \u003c/strong\u003e\u003c/p\u003e\r\n\r\n\u003cp\u003eA $2 million investment of Housing Opportunity Bond financing will help the Atlanta Neighborhood Development Partnership accelerate the acquisition and rehabilitation of 40 single-family residential rental houses across the city of Atlanta. Homes will serve as affordable rentals for up to 10 years ranging from 30%-80% AMI with a goal of converting many of the units into affordable homeownership.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003e471 English Avenue\u003c/strong\u003e\u003c/p\u003e\r\n\r\n\u003cp\u003eA $260,000 Westside Tax Allocation District (TAD) grant will aid in the redevelopment of a multifamily building in the English Avenue neighborhood. The project will convert an existing quadraplex into six units of affordable housing, including five restricted at rents not to exceed 50% AMI. The developer is an English Avenue legacy resident who acquired the property in 2012 and participated in the Invest Atlanta 2017 Westside TAD Community Builders Program, which was created to teach core property redevelopment skills.\u003c/p\u003e\r\n\r\n\u003cp\u003eAccording to Dr. Eloisa Klementich, president and CEO of Invest Atlanta, children who have stable, affordable housing are 52% more likely to graduate from high school compared to those who experience housing instability or live in unaffordable housing. \u0026ldquo;Safe, affordable housing is a primary determiner of economic mobility and quality of life for many Atlanta residents,\u0026rdquo; says Dr. Klementich. \u0026ldquo;The investments we are making will have a very meaningful impact on families in communities across the city.\u0026rdquo;\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Businesses\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n \n\u003c/span\u003e\n"},{"id":543,"title":"Invest Atlanta Board Approves Over $95 Million in Financing for Affordable Housing ","promo_title":"Invest Atlanta Board Approves Over $95 Million in Financing for Affordable Housing ","published_date":"2024-10-18","featured_image":{"id":2719,"parent_id":5,"resource_file_name":"civic2.jpg","resource_content_type":"image/jpeg","resource_file_size":120883,"resource_updated_at":"2024-11-06T11:58:30.768-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2024-11-06T11:58:30.792-05:00","updated_at":"2024-11-06T12:02:16.643-05:00","filename_hash":"civic2_aWVomZb.jpg","width":1158,"height":694},"filename":"invest-atlanta-board-approves-over-95-million-in-financing-for-affordable-housing","meta_data_id":null,"published":true,"token":"xLpaeg","created_at":"2024-11-06T12:02:16.634-05:00","updated_at":"2024-11-06T12:02:16.634-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n Working in partnership with Mayor Andre Dickens, Invest Atlanta continues its push to help finance the creation and preservation of 20,000 affordable housing units by 2030, and this latest investment will add 466 new units.\u0026nbsp;\n\u003c/div\u003e\n","project_year":"2024","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eWorking in partnership with Mayor Andre Dickens, Invest Atlanta continues its push to help finance the creation and preservation of 20,000 affordable housing units by 2030, and this latest investment will add 466 new units. Year to date, Invest Atlanta has closed on financing for 1,032 affordable housing units and is projected to exceed 2,000 units by the end of the year. Below are some of the latest developments approved for Invest Atlanta financing.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eCity Lights North Block\u003c/strong\u003e\u003c/p\u003e\r\n\r\n\u003cp\u003eA $35 million tax-except loan will finance Phase V of Wingate\u0026#39;s master redevelopment of Bedford Pines in the Old Fourth Ward. Located on Boulevard, the multifamily development will feature 187 housing units \u0026ndash; all of which will be available at 60% area median income (AMI).\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eBowen Homes Phase I\u003c/strong\u003e\u003c/p\u003e\r\n\r\n\u003cp\u003ePlans are underway to transform the Brookview Heights neighborhood into a vibrant new community with quality, mixed-income housing and abundant green space. Located on Wilkes Circle in a historically neglected and environmentally stressed area of Atlanta, Bowen Homes Phase I will include 151 units and various floor plans. A $29.6 million tax-exempt loan will finance the development, and 107 units will be made affordable ranging from 30%-120% AMI.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003e729 Bonaventure\u003c/strong\u003e\u003c/p\u003e\r\n\r\n\u003cp\u003eWith financing from $1 million in 2021 Housing Opportunity Bonds, Partners for HOME is acquiring a 24-unit development that will provide permanent supportive housing in the Virginia Highland neighborhood. Located on Bonaventure, the building was originally built in 1930 and renovated in 2023 to preserve its historic character and modernize amenities.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eCivic Center Senior\u003c/strong\u003e\u003c/p\u003e\r\n\r\n\u003cp\u003eA $30 million tax-exempt bond is financing the new construction of a multifamily development in the Old Fourth Ward. Located on Pine Street, the development will feature 148 senior housing units \u0026ndash; all of which will be made affordable between 50%-60% AMI. Civic Center Senior is part of a larger, multi-phased redevelopment of the Atlanta Civic Center site, which proposes at least 1,507 new apartment units, a new art-focused high school, a hotel, a grocery store, commercial space and office space.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Homebuying/ Homeownership\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n \n\u003c/span\u003e\n"},{"id":540,"title":"Invest Atlanta Board Approves Significant Investments in Housing Affordability","promo_title":"Invest Atlanta Board Approves Significant Investments in Housing Affordability","published_date":"2024-10-18","featured_image":{"id":2708,"parent_id":5,"resource_file_name":"sweet1.jpg","resource_content_type":"image/jpeg","resource_file_size":176892,"resource_updated_at":"2024-10-01T14:27:47.445-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2024-10-01T14:27:47.477-04:00","updated_at":"2024-10-02T15:46:00.612-04:00","filename_hash":"sweet1_YWKlWPl.jpg","width":1039,"height":711},"filename":"invest-atlanta-board-approves-significant-investments-in-housing-affordability","meta_data_id":null,"published":true,"token":"ngUL5A","created_at":"2024-10-01T14:28:35.638-04:00","updated_at":"2024-10-02T15:46:00.584-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n During its September meeting, the Invest Atlanta Board once again made a major commitment to affordable housing by providing final approval of bond financing to create or preserve 391 affordable housing units. An additional 1,668 affordable housing units received preliminary approval (inducement) for financing for a total of 2,059 new units and an expected Invest Atlanta investment of $651 million.\n\u003c/div\u003e\n","project_year":"2024","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eDuring its September meeting, the Invest Atlanta Board once again made a major commitment to affordable housing by providing final approval of bond financing to create or preserve 391 affordable housing units.\u0026nbsp;An additional 1,668 affordable housing units received preliminary approval (inducement) for financing for a total of 2,059 new units and an expected Invest Atlanta investment of $651 million.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;From day one, my administration has committed itself to addressing housing affordability holistically \u0026ndash; from homelessness to homeownership,\u0026rdquo; says Mayor Andre Dickens who serves as Invest Atlanta Board Chair. \u0026ldquo;I commend the Invest Atlanta Board and staff for continuing to tackle this challenge head on by approving another significant investment in housing that will benefit Atlantans for generations to come.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eThe approved financing will support the development of affordable housing at a range of area median incomes (AMI), including low-income residents at 30% of the AMI, to help close Atlanta\u0026#39;s housing affordability gap. Developments receiving final approval for financing include:\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eCosby Spear Highrise\u003c/strong\u003e\u003c/p\u003e\r\n\r\n\u003cp\u003eA $49.5 million tax-exempt loan will support the preservation of 282 senior housing units in the Old Fourth Ward neighborhood. Built in 1972, the 50-year-old property needs extensive renovation to bring it up to market quality standards. Located on North Avenue, the core high-rise structure and ideal location make it one of the best housing preservation investments in both the city and state. Atlanta Housing will provide rental subsidy through a conversion of all 282 units from public housing to RAD project-based rental subsidy where residents will not pay more than 30% of their annual income on rent with income levels at or below 60% AMI.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eSweet Auburn Grande\u003c/strong\u003e\u003c/p\u003e\r\n\r\n\u003cp\u003eA $28.3 million tax-exempt loan will preserve 109 multifamily housing units in the Sweet Auburn District. Originally built in 1908, the historic building was home to the Butler Street CDC in recent years and is most notable for originally housing the Atlanta State Savings Bank, the first Black-owned bank in Atlanta and Georgia\u0026rsquo;s first state-chartered Black bank. The developer is preserving the existing structure to save this historic site. The residential component includes 92 units restricted to serve 80% AMI and below. The project will also include 8,734 square feet of ground-floor retail.\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;These continued investments in affordable housing are not only closing affordability gaps in the city but also helping to break cycles of poverty by fostering economic and social stability,\u0026rdquo; says Dr. Eloisa Klementich, president and CEO of Invest Atlanta. \u0026ldquo;The Board\u0026rsquo;s action is another signal that demand remains high for construction and rehabilitation of affordable housing in the city of Atlanta. In the last two and half years, three out of every four dollars of Invest Atlanta investments have gone to affordable housing development.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eInvest Atlanta has closed on financing to support the creation or preservation of 4,125 housing units, including 3,792 affordable housing units (92%) since Mayor Dickens took office. This amounts to $1.15 billion in total capital investment for housing in the city of Atlanta to support the Mayor\u0026rsquo;s goal of creating or preserving 20,000 affordable housing units by 2030.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Renting\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n \n\u003c/span\u003e\n"},{"id":538,"title":"Invest Atlanta Board Approves Five Affordable Housing Resolutions","promo_title":"Invest Atlanta Board Approves Five Affordable Housing Resolutions","published_date":"2024-08-31","featured_image":{"id":2699,"parent_id":5,"resource_file_name":"bowen3.jpg","resource_content_type":"image/jpeg","resource_file_size":106868,"resource_updated_at":"2024-09-04T12:26:49.848-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2024-09-04T12:26:49.868-04:00","updated_at":"2024-09-04T12:27:05.813-04:00","filename_hash":"bowen3_QzXYkjb.jpg","width":1059,"height":592},"filename":"invest-atlanta-board-approves-five-affordable-housing-resolutions","meta_data_id":null,"published":true,"token":"FN0HZw","created_at":"2024-09-04T12:27:05.804-04:00","updated_at":"2024-09-04T12:27:05.804-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n Housing affordability in Atlanta remains a top priority, and Invest Atlanta is committed to working alongside Mayor Andre Dickens to create and preserve 20,000 affordable housing units by 2030. Developments continue to fill the pipeline, moving the City ever closer to its goal.\n\u003c/div\u003e\n","project_year":"2024","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eHousing affordability in Atlanta remains a top priority, and Invest Atlanta is committed to working alongside Mayor Andre Dickens to create and preserve 20,000 affordable housing units by 2030. Developments continue to fill the pipeline, moving the City ever closer to its goal.\u003c/p\u003e\r\n\r\n\u003cp\u003eYear to date, Invest Atlanta has closed on financing for 735 affordable housing units and is projected to exceed 2,000 units by the end of the year. Below are some of the latest developments approved for Invest Atlanta financing.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eBowen Homes I\u003c/strong\u003e\u003c/p\u003e\r\n\r\n\u003cp\u003eBowen Homes I represents the first phase of a vibrant, mixed-income housing community and green space that will transform the surrounding Brookview Heights neighborhood. The development will revitalize a historically neglected and environmentally stressed area on James Jackson Parkway into a place of natural, social and economic regeneration. The Invest Atlanta Board authorized a $1.5 million Hollowell/M.L. King Tax Allocation District (TAD) grant, as well as $1.5 million in Series 2021 Housing Opportunity Bonds to finance the development. Affordability will include 48 units at 30% area median income (AMI), 49 units at 60% AMI and 54 units at market rate.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eVerbena\u003c/strong\u003e\u003c/p\u003e\r\n\r\n\u003cp\u003eThe Invest Atlanta Board approved a $75.5 million Lease Purchase Bond inducement resolution to finance the new construction of a 240 multifamily housing development in the Dixie Hills neighborhood. Located on what is currently a vacant lot on Verbena Street, the development is designed to foster community and a high quality of life, with 240 residential units across 10 garden style multifamily buildings. Affordability will include 23 units at 30% AMI, 194 units at 50% AMI and 23 units at 60% AMI.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eBridge at Harwell\u003c/strong\u003e\u003c/p\u003e\r\n\r\n\u003cp\u003eA $62.2 million Lease Purchase Bond inducement resolution approved by the Invest Atlanta Board will finance the new construction of a multifamily housing development in the Collier Heights neighborhood. Located on Harwell Road, the Bridge at Harwell will be a garden-style community featuring seven residential buildings and common areas. Of the 180 units, 152 will be made affordable at 60% AMI.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eThe Avenue at 3060\u003c/strong\u003e\u003c/p\u003e\r\n\r\n\u003cp\u003eFinanced through $2.7 million in Housing Opportunity Bonds approved by the Invest Atlanta Board, The Avenue at 3060 will be a transformational gated community in the Collier Heights neighborhood. The former Sierra Ridge Apartment complex was originally built in 1973 and had a long history of violence, crime and substandard living conditions. In 2021, the property was gutted and is in the final phase of construction to preserve the development. Once complete, The Avenue at 3060 will feature 238 units \u0026ndash; 72 of which will be available at 60% AMI.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eHerndon Square Phase III\u003c/strong\u003e\u003c/p\u003e\r\n\r\n\u003cp\u003eThe revitalization of Herndon Square continues with the Invest Atlanta Board\u0026rsquo;s approval of $37 million in tax-exempt loan financing for Phase III. This phase will include the new construction of 178 multifamily housing units \u0026ndash; 151 of which will be available between 30-80% AMI. Located in the English Avenue neighborhood, Herndon Square Phase III is part of a mixed-use, mixed-income, master-planned community located adjacent to the Georgia Tech/Trammell Crowe\u0026rsquo;s 18-acre Science Square.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n \n\u003c/span\u003e\n"},{"id":532,"title":"Invest Atlanta Closes on Faith-Based Micro Loans","promo_title":"Invest Atlanta Closes on Faith-Based Micro Loans","published_date":"2024-07-29","featured_image":{"id":2679,"parent_id":5,"resource_file_name":"img_0547.jpeg","resource_content_type":"image/jpeg","resource_file_size":1063704,"resource_updated_at":"2024-07-29T12:26:34.011-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2024-07-29T12:26:34.072-04:00","updated_at":"2024-07-29T12:32:11.381-04:00","filename_hash":"img_0547_lPZYPqr.jpeg","width":2048,"height":1536},"filename":"invest-atlanta-closes-on-faith-based-micro-loans","meta_data_id":null,"published":true,"token":"ti3tMw","created_at":"2024-07-29T12:32:11.329-04:00","updated_at":"2024-07-29T12:32:11.329-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n Invest Atlanta has completed the first five closings tied to the Faith-Based Initiative Micro Loan Program. Loan recipients include Providence Missionary Baptist Church, Church of God and Saints of Christ, RIZE Empowerment and Development Corp, The Path Church and the Society of St. Vincent de Paul.\u003cbr /\u003e\r\n\n\u003c/div\u003e\n","project_year":"2024","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eInvest Atlanta has completed the first five closings tied to the Faith-Based Initiative Micro Loan Program. Loan recipients include Providence Missionary Baptist Church, Church of God and Saints of Christ, RIZE Empowerment and Development Corp, The Path Church and the Society of St. Vincent de Paul.\u003c/p\u003e\r\n\r\n\u003cp\u003eMayor Andre Dickens announced the launch of the $500,000 forgivable loan program as part of the City of Atlanta\u0026rsquo;s Faith-Based Development Initiative (FBDI) in late 2023. This funding supports the creation of affordable housing on sites owned by faith institutions.\u003c/p\u003e\r\n\r\n\u003cp\u003eThrough the forgivable loan program, faith-based organizations can engage in pre-development work to help activate their land holdings to create affordable housing. Approximately 25 partner projects will be funded and will include support site due diligence such as appraisal, survey, architectural renderings and other allowable costs.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;By partnering with places of worship to develop underutilized land owned by faith-based groups, we are leveraging even more tools to reach our Administration\u0026rsquo;s goal to build or preserve 20,000 units of affordable housing,\u0026rdquo; says Mayor Dickens. \u0026ldquo;Faiths of all backgrounds have the unifying thread of service to their community, so I thank these partners in advance because great things happen when we all come together for the good of the people.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eThe FBDI program was launched in February 2022 to connect faith-based organizations with resources and technical assistance to help bolster the activation of privately held land to create more affordable housing across Atlanta. The initiative has provided technical assistance to more than 500 organizations and has seen 12 faith institutions move forward with affordable housing development efforts on their sites.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe Faith-Based Initiative Micro Loan Program is funded through the City\u0026rsquo;s Housing Trust Fund and is administered by Invest Atlanta, with up to $25,000 available per project. This program is for properties within the city of Atlanta, and planned development must include affordable housing.\u003c/p\u003e\r\n\r\n\u003cp\u003eLearn more about the Faith-Based Development Initiative \u003ca href=\"https://www.atlantaga.gov/government/departments/city-planning/housing/faith-based-development-initiative\"\u003ehere\u003c/a\u003e.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n \n\u003c/span\u003e\n"},{"id":521,"title":"The Invest Atlanta Board Approves Financing for 444 Affordable Housing Units","promo_title":"The Invest Atlanta Board Approves Financing for 444 Affordable Housing Units","published_date":"2024-05-29","featured_image":{"id":2635,"parent_id":166,"resource_file_name":"refuge1.jpg","resource_content_type":"image/jpeg","resource_file_size":265999,"resource_updated_at":"2024-05-29T15:12:43.887-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2024-05-29T15:12:43.920-04:00","updated_at":"2024-09-30T17:50:10.414-04:00","filename_hash":"refuge1_RzBZjKD.jpg","width":1463,"height":829},"filename":"the-invest-atlanta-board-approves-financing-for-444-affordable-housing-units","meta_data_id":null,"published":true,"token":"B-YYYQ","created_at":"2024-05-29T15:13:08.363-04:00","updated_at":"2024-05-29T15:13:08.363-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n During its May meeting, the Invest Atlanta Board approved financing for the creation or preservation of 444 affordable housing units throughout the city of Atlanta.\u0026nbsp;\n\u003c/div\u003e\n","project_year":"2024","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eDuring its May meeting, the Invest Atlanta Board approved financing for the creation or preservation of 444 affordable housing units throughout the city of Atlanta. The approved financing will support the development of affordable multifamily housing in Southside, Eastside, Westside and Downtown neighborhoods with a range of area median incomes (AMI), including some low-income housing at or below 30% AMI.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;The Invest Atlanta Board continues to prioritize affordable housing investments, so more Atlanta residents have access to safe, quality housing in the communities they choose to live in,\u0026rdquo; says Atlanta Mayor Andre Dickens. \u0026ldquo;I commend the board for this significant investment that puts us one step closer to our housing affordability goal and commitment to make Atlanta a city with opportunities for all.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eInvest Atlanta is committed to working alongside Mayor Dickens to create and preserve 20,000 affordable housing units by 2030. Since the start of his term in January 2022, Invest Atlanta has closed on financing to support the creation or preservation of 3,640 housing units, including 3,314 affordable housing units (91%). This amounts to a $1.05 billion total capital investment for housing in the city of Atlanta. Below are the latest projects approved for development.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eMetropolitan Place\u003c/strong\u003e\u003c/p\u003e\r\n\r\n\u003cp\u003eA $37.5 million tax-exempt loan and a $2.9 million housing opportunity bond loan will help finance the new construction of 176 affordable multifamily housing units and mixed-use development in the Perkerson neighborhood. All of the Metropolitan Place housing units will be available at 70% AMI or less with 36 units offered at or below 30% AMI.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eCity of Refuge Transformation Center\u003c/strong\u003e\u003c/p\u003e\r\n\r\n\u003cp\u003eA $2 million Beltline Tax Allocation District (TAD) increment grant will support the new construction of a mixed-use development located in the historic West End Heights/Bankhead neighborhood. The center will include 25 affordable housing units, including 13 units at or below 30% AMI.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eLewis Crossing\u003c/strong\u003e\u003c/p\u003e\r\n\r\n\u003cp\u003eA $1 million Westside TAD Ascension Fund grant will provide financing for the construction of a new 50-unit multifamily development in the Castleberry Hill neighborhood. The development is a mix of one-, two- and three-bedroom apartments with community amenities available to residents earning between 50-80% AMI.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eTrinity United Methodist\u003c/strong\u003e\u003c/p\u003e\r\n\r\n\u003cp\u003eA $2 million Eastside TAD grant will support the new construction of 54 senior housing units in Downtown Atlanta, 48 of which will be affordable at 80% AMI or less. The redevelopment of this campus across from Atlanta City Hall will restore and repurpose the historic sanctuary on the east side of the property for multiple uses, including event space, while allowing the church to continue hosting worship services.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eCapitol Gateway \u003c/strong\u003e\u003c/p\u003e\r\n\r\n\u003cp\u003eApproved during the April Invest Atlanta Board meeting, the Capitol Gateway mix-income development will soon be renovated with help from $2 million in financing from Series 2021 Housing Opportunity Bond allocations approved by the Invest Atlanta Board. The former Capitol Homes site located in the Capitol Gateway community was first renovated in 2007 and is now out of its Low-Income Housing Tax Credit compliance period. The current renovation will use a new allocation of Low-Income Housing Tax Credits and preserve affordability with 163 units being made available at 60% AMI or below.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;As Atlanta continues to grow, we continue to work very intentionally to ensure that affordable housing investments bring lasting social and economic benefits to more residents,\u0026rdquo; says Dr. Eloisa Klementich, president and CEO of Invest Atlanta. \u0026ldquo;Last year, Invest Atlanta provided $175 million for housing initiatives to ensure that residents have access to affordable housing to increase long-term stability and build wealth. These investments are more than housing alone, they are a foundation for building strong inclusive communities.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Renting\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n \n\u003c/span\u003e\n"},{"id":516,"title":"March: Affordable Housing Roundup","promo_title":"March: Affordable Housing Roundup","published_date":"2024-03-27","featured_image":{"id":2613,"parent_id":5,"resource_file_name":"grande3.jpg","resource_content_type":"image/jpeg","resource_file_size":185476,"resource_updated_at":"2024-03-27T13:23:13.694-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2024-03-27T13:23:14.351-04:00","updated_at":"2024-04-02T13:55:02.802-04:00","filename_hash":"grande3_lPxwYJX.jpg","width":1076,"height":737},"filename":"march-affordable-housing-roundup","meta_data_id":null,"published":true,"token":"d2dGUQ","created_at":"2024-03-27T13:24:13.394-04:00","updated_at":"2024-04-02T13:55:02.768-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n Housing affordability in Atlanta remains a top priority, and Invest Atlanta is committed to working alongside Mayor Andre Dickens to create and preserve 20,000 affordable housing units by 2030. Developments continue to fill the pipeline, moving us ever closer to our goal.\u0026nbsp;\n\u003c/div\u003e\n","project_year":"2024","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eHousing affordability in Atlanta remains a top priority, and Invest Atlanta is committed to working alongside Mayor Andre Dickens to create and preserve 20,000 affordable housing units by 2030. Developments continue to fill the pipeline, moving us ever closer to our goal. Below are the latest projects for development.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eTrinity Towers\u003c/strong\u003e\u003c/p\u003e\r\n\r\n\u003cp\u003eLocated in the Perkerson neighborhood, Trinity Towers is a senior housing development originally constructed in 1975 and renovated in 2005 using Low-Income Housing Tax Credits. The Invest Atlanta Board approved $24.5 million in tax-exempt bonds for the building\u0026rsquo;s acquisition and restoration, which will preserve 239 restricted affordable units serving 60% of the area median income (AMI) and below. The renovation will include all common areas and residential units.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eSweet Auburn Grande\u003c/strong\u003e\u003c/p\u003e\r\n\r\n\u003cp\u003eThe historic Sweet Auburn neighborhood will soon have a newly constructed multifamily housing development featuring 109 units \u0026ndash; 92 of which will be affordable at 30%-80% AMI. The original structure that is currently on the site was built in 1908 and once housed the Atlanta State Savings Bank, the first Black-owned bank in Atlanta and Georgia\u0026rsquo;s first state-chartered Black bank. Using $3 million in financing from the 2023 Housing Opportunity Bond, the developer will preserve this historic structure as part of the development. Sweet Auburn Grande will also include 8,700 square feet of ground-floor retail and a structured parking deck for the development and the planned future redevelopment of the nearby historic YMCA.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Sweet Auburn\n\u003c/span\u003e\n"},{"id":513,"title":"Affordable Housing Roundup","promo_title":"Affordable Housing Roundup","published_date":"2024-03-04","featured_image":{"id":2585,"parent_id":5,"resource_file_name":"hertiage1.jpg","resource_content_type":"image/jpeg","resource_file_size":45618,"resource_updated_at":"2024-03-04T13:15:00.161-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2024-03-04T13:15:00.719-05:00","updated_at":"2024-03-04T13:16:19.361-05:00","filename_hash":"hertiage1_53PmEve.jpg","width":549,"height":312},"filename":"affordable-housing-roundup","meta_data_id":null,"published":true,"token":"ZWqZ_w","created_at":"2024-03-04T13:16:19.267-05:00","updated_at":"2024-03-04T13:16:19.267-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n Housing affordability in Atlanta remains a top priority, and Invest Atlanta is committed to working alongside Mayor Andre Dickens to create and preserve 20,000 units of affordable housing by 2026. Developments continue to fill the pipeline, moving us ever closer to our goal.\u0026nbsp;\n\u003c/div\u003e\n","project_year":"2024","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eHousing affordability in Atlanta remains a top priority, and Invest Atlanta is committed to working alongside Mayor Andre Dickens to create and preserve 20,000 units of affordable housing by 2026. Developments continue to fill the pipeline, moving us ever closer to our goal. Below are the latest projects underway.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eEnglewood Multifamily\u003c/strong\u003e\u003c/p\u003e\r\n\r\n\u003cp\u003eConstruction on a new multifamily development will soon begin with help from $4.75 million from 2023 Housing Opportunity Bonds, as well as $3 million from the BeltLine Tax Allocation District (TAD) Increment. Located in the Chosewood neighborhood on Englewood Avenue, the development will feature 200 units \u0026ndash; 160 of which will be available at 60% area median income (AMI) or below.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003e557 Lindsay Street\u003c/strong\u003e\u003c/p\u003e\r\n\r\n\u003cp\u003eAdditional grant funds up to $66,000 have been authorized from the Westside TAD Resurgens Fund to move forward on a mixed-use development in the English Avenue community.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe developer received a $534,000 grant from the Westside TAD Resurgens Fund in November 2021 to help finance the project, but construction was stalled because of permitting issues associated with a city stream buffer ordinance. Substantial increases in development costs, largely relating to the stream buffer mitigation plans, necessitated the additional\u0026nbsp;funding.\u003c/p\u003e\r\n\r\n\u003cp\u003eOnce complete, 557 Lindsay Street will be a three-story, mixed-use development that includes affordable multifamily residentials units over ground floor commercial and office space. The development features six, two-bedroom, one-bath units priced for households earning between 50% - 60% AMI. The 1,630-square-foot ground floor will include two commercial spaces and a laundry facility.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eHeritage Village at West Lake\u003c/strong\u003e\u003c/p\u003e\r\n\r\n\u003cp\u003eA landmark building that often hosted iconic jazz performers in the 1960s will soon be restored with $2.5 million from 2023 Housing Opportunity Bonds. Located on West Lake Avenue, the six-story development will feature affordable supportive housing units along with commercial space.\u003c/p\u003e\r\n\r\n\u003cp\u003eGood Samaritan will operate a satellite clinic at the site, offering primary care services for homeless and low-income patients. In addition, Urban League of Greater Atlanta will lease space and provide workforce development services targeting homeless youth and abused women.\u003c/p\u003e\r\n\r\n\u003cp\u003eFormerly known as The Waluhaje, which opened in 1951 as an apartment and hotel complex serving Atlanta\u0026rsquo;s developing post-war Westside, the building was one of the city\u0026rsquo;s first such developments for African Americans. The Waluhaje gained popularity for its ballroom, which hosted many top jazz performers of the era, including Billie Holiday, Duke Ellington and Dizzy Gillespie. The property was sold in 1967, and in 1969, Job Corps began providing residential educational and vocational training at the site until 2017.\u003c/p\u003e\r\n\r\n\u003cp\u003eAffordability at the new Heritage Village will include 102 units at 30% AMI or below. Construction is expected to be complete in 2025.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Renting\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n \n\u003c/span\u003e\n"},{"id":509,"title":"Key Milestone Reached for 2 Peachtree Street Redevelopment ","promo_title":"Key Milestone Reached for 2 Peachtree Street Redevelopment ","published_date":"2024-01-26","featured_image":{"id":2541,"parent_id":140,"resource_file_name":"2_peachtree_rendering_2.png","resource_content_type":"image/png","resource_file_size":637535,"resource_updated_at":"2024-01-18T13:42:19.841-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":2,"created_at":"2024-01-18T13:42:20.327-05:00","updated_at":"2024-01-30T15:10:51.992-05:00","filename_hash":"2_peachtree_rendering_2_P1nyMXK.png","width":977,"height":554},"filename":"key-milestone-reached-for-2-peachtree-street-redevelopment","meta_data_id":null,"published":true,"token":"Zc0BFA","created_at":"2024-01-30T15:09:47.648-05:00","updated_at":"2024-01-30T15:10:51.965-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n The Invest Atlanta Board approved Two Peachtree Partners, LLC as the developers for the large-scale redevelopment of 2 Peachtree Street. With this approval, the firm will begin negotiating the terms of the project \u0026ndash; a key milestone in what will become an innovative residential and mixed-use development downtown.\u0026nbsp;\u0026nbsp;\n\u003c/div\u003e\n","project_year":"2024","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cdiv\u003e\r\n\u003cp paraeid=\"{d8ff9719-1dd8-4582-8fb8-3b6488fd6abe}{74}\" paraid=\"1722624093\"\u003eThe Invest Atlanta Board approved Two Peachtree Partners, LLC as the developers for the large-scale redevelopment of 2 Peachtree Street. With this approval, the firm will begin negotiating the terms of the project \u0026ndash; a key milestone in what will become an innovative residential and mixed-use development downtown.\u003c/p\u003e\r\n\r\n\u003cp paraeid=\"{d8ff9719-1dd8-4582-8fb8-3b6488fd6abe}{74}\" paraid=\"1722624093\"\u003eInvest Atlanta conducted a six-month competitive request for proposals process that evaluated respondents based on their ability to achieve the City\u0026#39;s vision for the building, prioritizing development proposals that considered LEED and WELL-certified standards with more affordable units that integrate all income levels throughout the property in a cohesive way. Proposals that demonstrated an ability to provide opportunities for local female and minority businesses were also prioritized.\u003c/p\u003e\r\n\r\n\u003cp paraeid=\"{d8ff9719-1dd8-4582-8fb8-3b6488fd6abe}{74}\" paraid=\"1722624093\"\u003e\u0026ldquo;Identifying Two Peachtree Partners, LLC as the developer is a major milestone in this project,\u0026rdquo; says Atlanta Mayor Andre Dickens. \u0026ldquo;The transformation of 2 Peachtree Street is potentially our most ambitious affordable housing undertaking, providing connectivity between housing units and transit while breathing new life into Downtown Atlanta.\u0026quot;\u003c/p\u003e\r\n\r\n\u003cp paraeid=\"{d8ff9719-1dd8-4582-8fb8-3b6488fd6abe}{74}\" paraid=\"1722624093\"\u003e2 Peachtree Street is an 890,000-square-foot, 44-story office tower adjacent to Woodruff Park and the Five Points MARTA station. The conversion is expected to create at least 200 new housing units and further Downtown\u0026#39;s redevelopment along with other catalytic development projects such as Centennial Yards and the Stitch.\u003c/p\u003e\r\n\r\n\u003cp paraeid=\"{d8ff9719-1dd8-4582-8fb8-3b6488fd6abe}{74}\" paraid=\"1722624093\"\u003eAccording to Dr. Eloisa Klementich, president and CEO of Invest Atlanta, 2 Peachtree was acquired two years ago with a vision to bring more residents and businesses to Downtown Atlanta. \u0026quot;What captivates me the most with the project is the commitment to equitable downtown revitalization, the promise of more affordable housing and the exciting potential for mixed-use spaces that will further the vibrancy of the area,\u0026rdquo; says Klementich. \u0026ldquo;2 Peachtree is poised to become a model of what transformative development can create for cities and their communities.\u0026quot;\u0026nbsp;\u003c/p\u003e\r\n\u003c/div\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Downtown\n\u003c/span\u003e\n"},{"id":496,"title":"Invest Atlanta-Supported Projects Recognized with Two ULI Awards","promo_title":"Invest Atlanta-Supported Projects Recognized with Two ULI Awards","published_date":"2023-09-28","featured_image":{"id":2511,"parent_id":158,"resource_file_name":"uli_awards.jpg","resource_content_type":"image/jpeg","resource_file_size":309568,"resource_updated_at":"2023-09-28T10:29:09.858-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2023-09-28T10:29:10.604-04:00","updated_at":"2023-09-28T10:30:23.140-04:00","filename_hash":"uli_awards_lPbq3ze.jpg","width":1280,"height":960},"filename":"invest-atlanta-supported-projects-recognized-with-two-uli-awards","meta_data_id":null,"published":true,"token":"DBgqgw","created_at":"2023-09-28T10:30:22.995-04:00","updated_at":"2023-09-28T10:30:22.995-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n Two Invest Atlanta-supported projects were honored at the Urban Land Institute (ULI) Atlanta 27th Awards of Excellence ceremony: \u003cstrong\u003eTrees Atlanta\u0026rsquo;s Kendeda TreeHouse\u003c/strong\u003e for Excellence of Mission Advancement and \u003cstrong\u003eMarchon\u003c/strong\u003e in the Multifamily Residential Development category.\n\u003c/div\u003e\n","project_year":"2023","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eTwo Invest Atlanta-supported projects were honored at the Urban Land Institute (ULI) Atlanta 27th Awards of Excellence ceremony: \u003cstrong\u003eTrees Atlanta\u0026rsquo;s Kendeda TreeHouse\u003c/strong\u003e for Excellence of Mission Advancement and \u003cstrong\u003eMarchon\u003c/strong\u003e in the Multifamily Residential Development category.\u003c/p\u003e\r\n\r\n\u003cp\u003eULI recognizes outstanding real estate development projects, related programs and visionaries in urban development. Its awards programs are highly selective and spotlight a wide range of project types, sizes and initiatives, including everything from housing, commercial and mixed-use developments to new communities, open spaces and policy initiatives.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eKendeda TreeHouse\u003c/strong\u003e\u003c/p\u003e\r\n\r\n\u003cp\u003eLocated in Southwest Atlanta, the Kendeda TreeHouse was built on what was once an industrial brownfield lot in Oakland City and serves as Trees Atlanta\u0026rsquo;s home office. The location was chosen to provide the historically underinvested community with greater access to education programming and green job opportunities. The 23,000-square-foot-building on Warner Street sits on 2.9 acres of land surrounded by native plants and more than 200 trees.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe TreeHouse features multiple sustainability efforts, including maximizing previous land cover, reusing lumber, implementing efficient day-lighting, and more. In addition, the building is designed for the future installation of solar panels.\u003c/p\u003e\r\n\r\n\u003cp\u003eTrees Atlanta is a nonprofit founded in 1985 to protect and improve Atlanta\u0026#39;s urban forest through plantings, conservation and education. It worked in partnership with Invest Atlanta, the City of Atlanta and Atlanta Emerging Markets, Inc. to finance the Kendeda TreeHouse, receiving $150,000 from the Brownfield Revolving Loan fund, as well as $13 million in New Market Tax Credits.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eMarchon\u003c/strong\u003e\u003c/p\u003e\r\n\r\n\u003cp\u003eMarchon is a four-story multifamily development featuring 305 residential units, approximately 33% of which are available for workforce housing at 80% area median income (AMI).\u003c/p\u003e\r\n\r\n\u003cp\u003eBuilt on what was once an underutilized brownfield used as a parking lot for the King Memorial MARTA station, Marchon is now a vibrant transit-oriented, community-centered apartment complex that also includes retail space and outdoor amenities.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe development was funded through a partnership with Invest Atlanta and MARTA, with MARTA lowering the land cost through a ground lease and supporting 50% of the brownfield environmental remediation while Invest Atlanta provided $6 million in tax allocation district (TAD) grants.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n \n\u003c/span\u003e\n"},{"id":490,"title":"A Commitment to Affordability","promo_title":"A Commitment to Affordability","published_date":"2023-08-31","featured_image":{"id":2490,"parent_id":156,"resource_file_name":"engl2.jpg","resource_content_type":"image/jpeg","resource_file_size":117162,"resource_updated_at":"2023-09-07T11:14:29.595-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2023-09-07T11:14:30.669-04:00","updated_at":"2023-09-08T09:25:54.106-04:00","filename_hash":"engl2_JZbRw1Z.jpg","width":820,"height":470},"filename":"a-commitment-to-affordability","meta_data_id":null,"published":true,"token":"M72IWA","created_at":"2023-09-07T11:14:35.166-04:00","updated_at":"2023-09-08T09:25:54.026-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n The Invest Atlanta Board approved financing for 570 affordable housing units across five developments in the city of Atlanta.\u0026nbsp;\n\u003c/div\u003e\n","project_year":"2023","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eThe Invest Atlanta Board approved financing for 570 affordable housing units across five developments in the city of Atlanta. Once constructed, the properties will offer both multifamily and single-family housing covering a range of area median income (AMI) levels to support different housing needs.\u003c/p\u003e\r\n\r\n\u003cp\u003eDevelopments approved for financing include:\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eEnglewood Senior \u003c/strong\u003e\u003c/p\u003e\r\n\r\n\u003cp\u003eA $3 million Beltline Tax Allocation District (TAD) Increment Grant will finance the new construction of 160 multifamily housing units. Located in the Chosewood Park neighborhood, Englewood Senior will feature senior housing, including 160 units of affordable housing with 21 units at 30% AMI and 139 units at 60% AMI.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eHenderson Place Apartments \u003c/strong\u003e\u003c/p\u003e\r\n\r\n\u003cp\u003eA $12.5 million tax-exempt loan, along with an additional $3.26 million Housing Opportunity Bond Fund loan, will finance the new construction of 76 multifamily housing units. Located in the Old Fourth Ward neighborhood, 100% of the housing units at Henderson Place Apartments will be affordable, including 16 units at 50% AMI and 60 units at 60% AMI.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eHerndon Square \u003c/strong\u003e\u003c/p\u003e\r\n\r\n\u003cp\u003eA $41.5 million tax-exempt loan will finance the new construction of 201 multifamily housing units in the English Avenue neighborhood. Herndon Square will feature workforce and affordable housing, including 127 units at 60% AMI and 43 units at 80% AMI.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eThe Simpson \u003c/strong\u003e\u003c/p\u003e\r\n\r\n\u003cp\u003eA $28 million\u0026nbsp;tax-exempt loan will finance the new construction of 139 multifamily housing units in the Vine City neighborhood. All 139 units at The Simpson will be affordable, including 39 units at 30% AMI, 58 units at 60% AMI and 42 units at 80% AMI.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eCarey Park \u003c/strong\u003e\u003c/p\u003e\r\n\r\n\u003cp\u003eA $1.5 million Perry Bolton TAD grant will finance the new construction of single-family homes for sale. Located in the Carey Park neighborhood, Carey Park will feature affordable housing, including five homes at 80% AMI and 20 homes at 100% AMI.\u003c/p\u003e\r\n\r\n\u003cp\u003eAccording to Dr. Eloisa Klementich, president and CEO of Invest Atlanta, a child born into poverty in Atlanta has a less than 5% chance of escaping it in their lifetime. \u0026ldquo;This is why the opportunities we are creating through affordable housing matter so much to the future of the city,\u0026rdquo; she says. \u0026ldquo;All of Invest Atlanta\u0026rsquo;s affordable housing investments are underpinned by a mission to make Atlanta one of the most equitable and prosperous cities in the world.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eSince Mayor Andre Dickens took office in 2022, 1,991 housing units, including 1,793 affordable units (90%), have been created through Invest Atlanta Board-approved financing, totaling more than $561 million of investment in housing in neighborhoods throughout the city.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;As Atlanta continues to grow, we need to ensure that our city offers affordable living options for residents at every stage of life, from single households to families to seniors,\u0026rdquo; says Mayor Dickens. \u0026ldquo;The work of the Invest Atlanta Board continues to exemplify this commitment.\u0026rdquo;\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Homebuying/ Homeownership\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n \n\u003c/span\u003e\n"},{"id":486,"title":"Sizable Investments in Affordable Housing Continue","promo_title":"Sizable Investments in Affordable Housing Continue","published_date":"2023-07-31","featured_image":{"id":2443,"parent_id":151,"resource_file_name":"bw4.jpg","resource_content_type":"image/jpeg","resource_file_size":198184,"resource_updated_at":"2023-07-31T10:00:11.862-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2023-07-31T10:00:11.906-04:00","updated_at":"2023-07-31T10:00:25.118-04:00","filename_hash":"bw4_k3gNYa6.jpg","width":1120,"height":1080},"filename":"sizable-investments-in-affordable-housing-continue","meta_data_id":null,"published":true,"token":"ctsdgQ","created_at":"2023-07-31T10:00:25.090-04:00","updated_at":"2023-07-31T10:00:25.090-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n The Invest Atlanta Board has approved more than $57 million in funding for several affordable housing developments throughout Atlanta. These investments will continue to move the city closer to its goal to build and preserve 20,000 units of affordable housing by 2026.\n\u003c/div\u003e\n","project_year":"2023","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eThe Invest Atlanta Board has approved more than $57 million in funding for several affordable housing developments throughout Atlanta. These investments will continue to move the city closer to its goal to build and preserve 20,000 units of affordable housing by 2026.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eBrentwood Commons\u003c/strong\u003e\u003c/p\u003e\r\n\r\n\u003cp\u003eA $25 million tax-exempt loan, along with an additional $1.5 million Housing Opportunity Bond Fund loan, will finance the new construction of 112 multifamily housing units. Located in the Campbellton Road neighborhood, Brentwood Commons will feature workforce and affordable housing, including 36 units at 50% area median income (AMI), 52 units at 60% AMI, 18 units at 80% AMI and six units at market rate.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eVillages at Carver\u003c/strong\u003e\u003c/p\u003e\r\n\r\n\u003cp\u003eA $27.2 million tax-exempt loan will finance the acquisition and rehabilitation of 220 multifamily housing units in the Villages at Carver neighborhood in South Atlanta. More than half of the units will be made affordable, including 110 units at 50% AMI and 44 units at 60% AMI.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eThe Simpson\u003c/strong\u003e\u003c/p\u003e\r\n\r\n\u003cp\u003eAn approved $4 million from the 2023 Housing Opportunity Bond Fund will finance the new construction of 136 multifamily housing in the Vine City community. Located on Joseph E. Boone Boulevard, The Simpson will feature 39 units at 30% AMI, 58 units at 60% AMI and 42 units at 80% AMI.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n \n\u003c/span\u003e\n"},{"id":478,"title":"Invest Atlanta Issues RFQ for 2 Peachtree Street Conversion","promo_title":"Invest Atlanta Issues RFQ for 2 Peachtree Street Conversion","published_date":"2023-04-28","featured_image":{"id":2371,"parent_id":142,"resource_file_name":"2_peachtree_downtown_jll-35.jpg","resource_content_type":"image/jpeg","resource_file_size":2949983,"resource_updated_at":"2023-04-27T17:17:12.801-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2023-04-27T17:17:13.180-04:00","updated_at":"2023-05-04T13:37:28.777-04:00","filename_hash":"2_peachtree_downtown_jll-35_Ozl3glP.jpg","width":7008,"height":4670},"filename":"invest-atlanta-issues-rfq-for-2-peachtree-street-conversion","meta_data_id":null,"published":true,"token":"A1uHMw","created_at":"2023-05-04T13:37:28.695-04:00","updated_at":"2023-05-04T13:37:28.695-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n Invest Atlanta has officially launched the process of converting downtown\u0026rsquo;s 2 Peachtree Street tower and the adjacent 14 Marietta Street building into a vibrant residential/mixed-use development.\n\u003c/div\u003e\n","project_year":"2023","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eInvest Atlanta has officially launched the process of converting downtown\u0026rsquo;s 2 Peachtree Street tower and the adjacent 14 Marietta Street building into a vibrant residential/mixed-use development.\u003c/p\u003e\r\n\r\n\u003cp\u003eWith the issuance of a Request for Qualifications (RFQ), Invest Atlanta seeks to identify an experienced, visionary developer that will lead the buildings\u0026rsquo; transformation and introduce dynamic new life to the city through the adaptive re-use and residential conversion of the historic buildings.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;The conversion of 2 Peachtree and 14 Marietta will advance one of my administration\u0026rsquo;s top goals of building and preserving affordable housing by bringing additional mixed-income transit-oriented development to Downtown,\u0026rdquo; says Atlanta Mayor Andre Dickens. \u0026ldquo;Once complete, 2 Peachtree will be a model of urban redevelopment and become the city\u0026rsquo;s tallest residential building.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eThe City of Atlanta acquired 890,000-square-foot 2 Peachtree Street from the State of Georgia in February 2023. The 44-story tower was built in 1966. 14 Marietta is a seven-story building with 126,000 square feet. Adjacent to the soon-to-be-renovated MARTA Five Points station, both buildings will be entirely vacated by current tenants the State of Georgia and Georgia State University by the end of 2023.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;The redevelopment of 2 Peachtree is a landmark opportunity that will continue to propel investment in Downtown Atlanta, one of the city\u0026rsquo;s biggest growth opportunities,\u0026rdquo; says Dr. Eloisa Klementich, president and CEO of Invest Atlanta. \u0026ldquo;We are seeking a development partner who shares our vision of creating a vibrant, mixed-use community in the heart of Downtown with access to transit and job centers for more Atlantans.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eInvest Atlanta will evaluate responses to the RFQ, and respondents deemed most qualified will be issued a Request for Proposal (RFP), with selection of a developer following at a later date. Invest Atlanta envisions granting a 99-year ground lease to the selected developer whose plans will further the City\u0026rsquo;s efforts to establish Atlanta\u0026rsquo;s downtown as a world-class intown destination.\u003c/p\u003e\r\n\r\n\u003cp\u003eInterested developers are encouraged to bring forward proposals that align with the City\u0026rsquo;s community, financial, social and sustainability goals. Potential developers should consider including a combination of uses, including market-rate residential, affordable housing, student housing, hospitality, short-term residential, office and retail. This includes a target minimum of 200 residential units for residents earning 80% of the area median income or below.\u003c/p\u003e\r\n\r\n\u003cp\u003eInvest Atlanta will prioritize development proposals with more affordable units that blend and integrate all income levels throughout the property in a cohesive fashion. Additionally, Invest Atlanta values diversity, inclusion and hiring local talent. Proposals that demonstrate an ability to provide opportunity for local female and minority businesses will also be prioritized.\u003c/p\u003e\r\n\r\n\u003cp\u003eClick \u003ca href=\"/two-peachtree\"\u003eHERE\u003c/a\u003e to view RFQ information.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Downtown\n\u003c/span\u003e\n"},{"id":474,"title":"A Nimble Approach for Housing Affordability","promo_title":"A Nimble Approach for Housing Affordability","published_date":"2023-03-31","featured_image":{"id":2359,"parent_id":145,"resource_file_name":"hob.jpg","resource_content_type":"image/jpeg","resource_file_size":63750,"resource_updated_at":"2023-04-03T16:31:11.746-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2023-04-03T16:31:11.781-04:00","updated_at":"2023-04-03T16:31:52.028-04:00","filename_hash":"hob_pz9vWaV.jpg","width":796,"height":767},"filename":"a-nimble-approach-for-housing-affordability","meta_data_id":null,"published":true,"token":"zQJVFQ","created_at":"2023-04-03T16:31:51.931-04:00","updated_at":"2023-04-03T16:31:51.931-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n In March, the Invest Atlanta Board approved a $6 million Housing Opportunity Bond Fund to acquire land that will be developed into additional affordable housing in the city of Atlanta.\u003cbr /\u003e\r\n\n\u003c/div\u003e\n","project_year":"2023","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eIn March, the Invest Atlanta Board approved a $6 million Housing Opportunity Bond Fund to acquire land that will be developed into additional affordable housing in the city of Atlanta.\u003c/p\u003e\r\n\r\n\u003cp\u003eMetro Atlanta Land Bank, in coordination with the City of Atlanta and as a member of the Affordable Housing Strike Force, plans to strategically acquire property for the development of multifamily and single-family affordable housing. Developments will be located in the Hollowell corridor, Campbellton corridor, Thomasville and Downtown communities.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe goal is to serve families with the greatest needs, with affordability for rental properties available at 60% area median income (AMI) and below, while homeownership options will be available at 120% AMI and below.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;We are moving quickly because there are opportunities in the Campbellton corridor,\u0026rdquo; says Josh Humphries, senior housing policy advisor to Mayor Dickens. \u0026ldquo;The goal is to be nimble. We are positioning this for folks who want to build affordable housing. We don\u0026rsquo;t want to landbank the property forever, we want to help move that land and get housing built on it.\u0026rdquo;\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n \n\u003c/span\u003e\n"},{"id":470,"title":"Invest Atlanta Acquires 2 Peachtree Street","promo_title":"Invest Atlanta Acquires 2 Peachtree Street","published_date":"2023-02-27","featured_image":{"id":2333,"parent_id":142,"resource_file_name":"2_peach_2.jpg","resource_content_type":"image/jpeg","resource_file_size":149698,"resource_updated_at":"2023-02-27T12:28:12.944-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2023-02-27T12:28:13.670-05:00","updated_at":"2023-03-01T09:40:11.541-05:00","filename_hash":"2_peach_2_r9PgalR.jpg","width":1235,"height":915},"filename":"invest-atlanta-acquires-2-peachtree-street","meta_data_id":null,"published":true,"token":"a4N9fA","created_at":"2023-02-27T12:28:38.219-05:00","updated_at":"2023-03-01T09:40:11.496-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n The Invest Atlanta Board closed on 2 Peachtree Street and will offer the property for redevelopment into a mixed-income, mixed-use site, bringing more affordable housing and economic activity to Downtown Atlanta.\n\u003c/div\u003e\n","project_year":"2023","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eThe Invest Atlanta Board closed on 2 Peachtree Street and will offer the property for redevelopment into a mixed-income, mixed-use site, bringing more affordable housing and economic activity to Downtown Atlanta.\u003c/p\u003e\r\n\r\n\u003cp\u003eAs the City of Atlanta\u0026rsquo;s economic development agency, Invest Atlanta purchased 1 Peachtree, 2 Peachtree and 14 Marietta, collectively known as 2 Peachtree, from the State of Georgia with funding assistance from a $41.5 million Eastside Tax Allocation District (TAD) Special Fund Grant. Invest Atlanta then created a single purpose entity known as IA 2 Peachtree and will hold the property as a real estate asset until a redevelopment partner is selected.\u003c/p\u003e\r\n\r\n\u003cp\u003eAccording to Mayor Andre Dickens, the redevelopment of 2 Peachtree will serve as an anchor for the ongoing revitalization of Downtown Atlanta and bring more long-term affordable housing and mixed-use space that\u0026#39;s accessible to the heart of Atlanta\u0026rsquo;s transit system. \u0026ldquo;Ensuring this development is attainable for a range of incomes and lifestyles will make Downtown the vibrant, connected urban community it was always meant to be,\u0026rdquo; says Dickens. \u0026ldquo;Thank you to the State and Invest Atlanta for their partnership in helping Georgia\u0026rsquo;s capitol city expand its affordable housing inventory.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eBuilt in 1966, 2 Peachtree Street is a 41-story office tower adjacent to Five Points MARTA station. The City\u0026rsquo;s acquisition of the property will create dedicated affordable housing units and ensure the property does not sit vacant during a crucial time in Downtown Atlanta\u0026rsquo;s redevelopment. The conversion is expected to create several hundred new housing units.\u003c/p\u003e\r\n\r\n\u003cp\u003eOnce converted, 2 Peachtree will be the tallest residential building in Atlanta. Aside from residential space, the 1 million-square-foot tower will contain office and retail space, bringing even more economic activity to the community.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Downtown\n\u003c/span\u003e\n"},{"id":464,"title":"Habitat for Humanity to Build New Development","promo_title":"Habitat for Humanity to Build New Development","published_date":"2022-11-28","featured_image":{"id":2151,"parent_id":135,"resource_file_name":"hab2.jpg","resource_content_type":"image/jpeg","resource_file_size":103761,"resource_updated_at":"2022-11-28T10:58:01.218-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2022-11-28T10:58:02.022-05:00","updated_at":"2022-11-28T11:00:50.183-05:00","filename_hash":"hab2_w5Zq4kJ.jpg","width":1032,"height":499},"filename":"habitat-for-humanity-to-build-new-development","meta_data_id":null,"published":true,"token":"rKILZA","created_at":"2022-11-28T11:00:50.122-05:00","updated_at":"2022-11-28T11:00:50.122-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n Atlanta Habitat for Humanity, Inc., has been approved for $2 million in Housing Opportunity Bond Funds \u0026ndash; Nonprofit for the construction of 64 single-family, for-sale units in the Orchard Knob neighborhood.\u0026nbsp;\n\u003c/div\u003e\n","project_year":"2022","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eAtlanta Habitat for Humanity, Inc., has been approved for $2 million in Housing Opportunity Bond Funds \u0026ndash; Nonprofit for the construction of 64 single-family, for-sale units in the Orchard Knob neighborhood. Located on Browns Mill Road in Southeast Atlanta, \u003cstrong\u003eBrowns Mill Village\u003c/strong\u003e will feature 64 units at 80% area median income (AMI).\u003c/p\u003e\r\n\r\n\u003cp\u003eAtlanta Habitat for Humanity prices homes at market rate before writing down the first mortgage to an amount the buyer can afford and structures a 30-year, interest-free first mortgage that ensures long-term affordability. Atlanta Habitat for Humanity also includes a shared equity provision and buy-back clause, providing first right of refusal to purchase the home if the mortgage is outstanding.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Southside\n\u003c/span\u003e\n"},{"id":463,"title":"Affordability in English Avenue and Vine City","promo_title":"Affordability in English Avenue and Vine City","published_date":"2022-11-28","featured_image":{"id":2150,"parent_id":135,"resource_file_name":"west1.jpg","resource_content_type":"image/jpeg","resource_file_size":80062,"resource_updated_at":"2022-11-28T10:38:13.217-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2022-11-28T10:38:13.927-05:00","updated_at":"2022-11-28T10:40:11.764-05:00","filename_hash":"west1_r9Dq3qW.jpg","width":855,"height":778},"filename":"affordability-in-english-avenue-and-vine-city","meta_data_id":null,"published":true,"token":"wnhI7A","created_at":"2022-11-28T10:40:11.542-05:00","updated_at":"2022-11-28T10:40:11.542-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n Invest Atlanta is working with five, neighborhood-based developers that will redevelop 14 residential properties in the English Avenue and Vine City neighborhoods \u0026ndash; resulting in the new construction or redevelopment of seven for-sale units and 42 rental units.\n\u003c/div\u003e\n","project_year":"2022","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eInvest Atlanta is working with five, neighborhood-based developers that will redevelop 14 residential properties in the English Avenue and Vine City neighborhoods \u0026ndash; resulting in the new construction or redevelopment of seven for-sale units and 42 rental units.\u003c/p\u003e\r\n\r\n\u003cp\u003eAtlanta Land Trust \u0026amp; Urban Oasis Development; Barn Owl Real Estate 7, LLC; Hagar Civilization Training Missionary, Inc.; oaksATL, Inc.; and Westside Future Fund will offer a variety of for-sale and rental housing options and are committed to preserving long-term affordability. Each developer has proposed a complementary housing design to maintain the community\u0026rsquo;s architectural character.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe for-sale properties will ensure long-term affordability through the Atlanta Land Trust at 80-120% area median income (AMI), while the rental properties will have 99-year ground leases with Invest Atlanta for permanent affordability at 50-80% AMI.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Westside\n\u003c/span\u003e\n"},{"id":457,"title":"Atlanta Continues Affordable Housing Push","promo_title":"Atlanta Continues Affordable Housing Push","published_date":"2022-10-27","featured_image":{"id":2129,"parent_id":133,"resource_file_name":"villages_3.jpg","resource_content_type":"image/jpeg","resource_file_size":123919,"resource_updated_at":"2022-10-27T10:52:15.794-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2022-10-27T10:52:16.621-04:00","updated_at":"2022-10-27T10:52:26.087-04:00","filename_hash":"villages_3_9moVxg4.jpg","width":906,"height":525},"filename":"atlanta-continues-affordable-housing-push","meta_data_id":null,"published":true,"token":"GjnrMw","created_at":"2022-10-27T10:52:25.931-04:00","updated_at":"2022-10-27T10:52:25.931-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n At its October meeting, the Invest Atlanta Board of Directors approved two new development projects that will add or rehabilitate 308 affordable units within the city of Atlanta.\n\u003c/div\u003e\n","project_year":"2022","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eAt its October meeting, the Invest Atlanta Board of Directors approved two new development projects that will add or rehabilitate 308 affordable units within the city of Atlanta.\u003c/p\u003e\r\n\r\n\u003cp\u003eA $19.5 million tax exempt loan was approved to finance the demolition and construction of 88 multifamily housing units in the Old Fourth Ward neighborhood. Adding to one of the southeast region\u0026rsquo;s largest mixed income housing communities, City Lights Boulevard North will reserve all 88 units for households making 60% area median income (AMI).\u003c/p\u003e\r\n\r\n\u003cp\u003eA $2 million Housing Opportunity Bond was approved to finance the acquisition and rehabilitation of 220 multifamily housing units in The Villages at Carver community. Located on Moury Avenue in southeast Atlanta, phase 1 of the development will feature 110 units at 50% AMI, 44 units at 60% AMI and 66 units at 70% AMI.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;I love the fact that [The Villages at Carver] includes so many three- and four-bedroom units because there\u0026rsquo;s a huge gap in a lot of the affordable housing projects across the city,\u0026rdquo; says Fred Smith, a member of the Invest Atlanta Board of Directors. \u0026ldquo;Preserving that is instrumental for a lot of our families because to grow your family, you want to live in a community that you\u0026rsquo;re familiar with.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eThrough the leadership of Mayor Andre Dickens, Invest Atlanta\u0026rsquo;s Board Chair, Invest Atlanta has financed 1,589 affordable housing units in 2022.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n \n\u003c/span\u003e\n"},{"id":460,"title":"Transit-Oriented Affordability Comes to Edgewood-Candler Park MARTA Station","promo_title":"Transit-Oriented Affordability Comes to Edgewood-Candler Park MARTA Station","published_date":"2022-10-27","featured_image":{"id":2132,"parent_id":133,"resource_file_name":"img_20220929_1648197.jpg","resource_content_type":"image/jpeg","resource_file_size":830254,"resource_updated_at":"2022-10-27T11:05:25.012-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2022-10-27T11:05:26.005-04:00","updated_at":"2022-10-27T11:06:26.201-04:00","filename_hash":"img_20220929_1648197_JZJzvaB.jpg","width":3996,"height":2664},"filename":"transit-oriented-affordability-comes-to-edgewood-candler-park-marta-station","meta_data_id":null,"published":true,"token":"5M8l-A","created_at":"2022-10-27T11:06:26.078-04:00","updated_at":"2022-10-27T11:06:26.078-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n A new development, featuring housing affordability, is now open at the Edgewood-Candler Park MARTA Station. Previously, the Invest Atlanta Board approved $45 million in lease-purchase bonds to convert an underused parking lot into affordable housing along Atlanta\u0026rsquo;s transit lines \u0026ndash; a key component of the city\u0026rsquo;s economic mobility strategy.\n\u003c/div\u003e\n","project_year":"2022","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eA new development, featuring housing affordability, is now open at the Edgewood-Candler Park MARTA Station. Previously, the Invest Atlanta Board approved $45 million in lease-purchase bonds to convert an underused parking lot into affordable housing along Atlanta\u0026rsquo;s transit lines \u0026ndash; a key component of the city\u0026rsquo;s economic mobility strategy.\u003c/p\u003e\r\n\r\n\u003cp\u003eColumbia Ventures LLC constructed the mixed-use residential and retail development on 1.99 acres of existing excess parking on the south side of the Edgewood-Candler Park MARTA Station. The development contains 208 residential units, 53 of which are workforce housing units affordable to households earning 80% area medium income.\u003c/p\u003e\r\n\r\n\u003cp\u003eIn addition to the residential development, there is a two-level parking deck, a shared central common area featuring .55 acres of green space, as well as a 7,000-square-foot commercial building.\u003c/p\u003e\r\n\r\n\u003cp\u003eAs part of this development, Columbia Ventures also constructed a 22,000-square-foot performing arts and administrative building for a youth-focused nonprofit financed by New Market Tax Credits.\u003c/p\u003e\r\n\r\n\u003cp\u003eAccording to Dawn Arnold, executive vice president and COO of Invest Atlanta, this project helps to fulfill an urgent and important need for housing affordability with convenient access to essential services and activities to minimize household cost burdens. \u0026ldquo;I\u0026rsquo;m proud to be adding more affordable housing units and complement development efforts occurring in Edgewood Park and the surrounding community,\u0026rdquo; says Arnold. \u0026ldquo;Transit-oriented development like Edgewood-Candler Park Station and similarly at the King Memorial Station helps to drive investment while decreasing a family\u0026#39;s\u0026nbsp;spend, allowing them to focus on other needs.\u0026rdquo;\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Renting\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Eastside\n\u003c/span\u003e\n"},{"id":450,"title":"Affordable Housing Across Atlanta ","promo_title":"Affordable Housing Across Atlanta ","published_date":"2022-09-21","featured_image":{"id":2054,"parent_id":127,"resource_file_name":"sweet_auburn_6.jpg","resource_content_type":"image/jpeg","resource_file_size":118745,"resource_updated_at":"2022-09-21T11:40:06.296-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":2,"created_at":"2022-09-21T11:40:06.328-04:00","updated_at":"2022-09-21T11:42:18.180-04:00","filename_hash":"sweet_auburn_6_lPj273e.jpg","width":862,"height":458},"filename":"affordable-housing-across-atlanta","meta_data_id":null,"published":true,"token":"6Y6LOA","created_at":"2022-09-21T11:42:17.961-04:00","updated_at":"2022-09-21T11:42:17.961-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n Continuing its efforts to create, preserve and rehabilitate affordable housing throughout the city of Atlanta, the Invest Atlanta Board approved a series of grant resolutions from the BeltLine and Eastside Tax Allocation Districts (TADs) that will collectively add 365 more affordable units to the market.\n\u003c/div\u003e\n","project_year":"2022","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eContinuing its efforts to create, preserve and rehabilitate affordable housing throughout the city of Atlanta, the Invest Atlanta Board approved a series of grant resolutions from the BeltLine and Eastside Tax Allocation Districts (TADs) that will collectively add 365 more affordable units to the market.\u003c/p\u003e\r\n\r\n\u003cp style=\"margin-left:.5in;\"\u003e\u003cimg alt=\"\" height=\"347\" src=\"/assets/englewood_2_lPj273e.jpg\" width=\"600\" /\u003e\u003c/p\u003e\r\n\r\n\u003cp style=\"margin-left:.5in;\"\u003eA $2 million grant from the BeltLine TAD Increment Fund will finance the new construction of 227 multifamily housing units in the Chosewood Park community. Located at 505 Englewood Ave., the \u003cstrong\u003eEnglewood \u003c/strong\u003edevelopment will include 39 units at 30% area median income (AMI), 43 units at 50% AMI, 40 units at 60% AMI and 61 units at 80% AMI. Atlanta Housing HomeFlex vouchers are available, and residents will not payment more than 30% of their income.\u003cimg alt=\"\" height=\"363\" src=\"/assets/residences_2_lPj273e.jpg\" width=\"600\" /\u003e\u003c/p\u003e\r\n\r\n\u003cp style=\"margin-left:.5in;\"\u003eA $2 million grant from the BeltLine TAD Increment Fund will support the new construction of 106 multifamily housing units in the Chosewood neighborhood. Located on McDonald Drive, the \u003cstrong\u003eResidences at Chosewood Park \u003c/strong\u003ewill replace the current blighted property and feature 19 units available at 50% AMI, 71 units at 60% AMI and 16 units at market rate.\u003c/p\u003e\r\n\r\n\u003cp style=\"margin-left:.5in;\"\u003e\u003cimg alt=\"\" height=\"346\" src=\"/assets/ralph_4_lPj273e.jpg\" width=\"600\" /\u003e\u003c/p\u003e\r\n\r\n\u003cp style=\"margin-left:.5in;\"\u003eMotel Atlanta, LLC will soon begin renovating and converting 54 rooms into supportive housing micro units with assistance from a $556,000 BeltLine TAD Increment Fund grant. Located at 277 Moreland Ave., in the Reyonldstown community, the development will be renamed the \u003cstrong\u003eRalph\u003c/strong\u003e \u003cstrong\u003eDavid House Project \u003c/strong\u003eand feature 54 units at 30% AMI.\u003c/p\u003e\r\n\r\n\u003cp style=\"margin-left:.5in;\"\u003e\u003cimg alt=\"\" height=\"319\" src=\"/assets/sweet_auburn_6_lPj273e.jpg\" width=\"600\" /\u003e\u003c/p\u003e\r\n\r\n\u003cp style=\"margin-left:.5in;\"\u003eA grant of up to $4 million from the Eastside TAD will help finance the construction of \u003cstrong\u003eSweet Auburn Grande\u003c/strong\u003e, a live-work development with new multifamily housing units and affordable commercial space in the Sweet Auburn neighborhood. The building, which was built in 1908, housed the Atlanta State Savings Bank, the first Black-owned bank in Atlanta and Georgia\u0026rsquo;s first state-chartered Black bank. The developer is preserving the existing structure as part of the larger project, which will include 19 units at 50% AMI, 73 units at 60% AMI and 17 units at market rate.\u003c/p\u003e\r\n\r\n\u003cp style=\"margin-left:.5in;\"\u003e\u0026ldquo;[This project is by a group] Butler Street Community Development Corporation that is going through our technical assistance training, which was designed to help local developers,\u0026rdquo; says Dawn Arnold, executive vice president and chief operating officer of Invest Atlanta. \u0026ldquo;We\u0026rsquo;re happy to see this project is coming to fruition.\u0026rdquo;\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n \n\u003c/span\u003e\n"},{"id":446,"title":"Housing Affordability in the Westside","promo_title":"Housing Affordability in the Westside","published_date":"2022-07-27","featured_image":{"id":2005,"parent_id":124,"resource_file_name":"220_sunset_3.jpg","resource_content_type":"image/jpeg","resource_file_size":55515,"resource_updated_at":"2022-07-27T13:44:33.931-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2022-07-27T13:44:34.799-04:00","updated_at":"2022-07-27T13:44:40.479-04:00","filename_hash":"220_sunset_3_VRVZ7ke.jpg","width":542,"height":364},"filename":"housing-affordability-in-the-westside","meta_data_id":null,"published":true,"token":"yN7ofQ","created_at":"2022-07-27T13:44:40.384-04:00","updated_at":"2022-07-27T13:44:40.384-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n The Invest Atlanta Board has approved $1.115 million in tax allocation district (TAD) grants to fund three small, multifamily residential projects that will increase affordability in the Westside community.\n\u003c/div\u003e\n","project_year":"2022","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eThe Invest Atlanta Board has approved $1.115 million in tax allocation district (TAD) grants to fund three small, multifamily residential projects that will increase affordability in the Westside community.\u003c/p\u003e\r\n\r\n\u003cp\u003eA $340,000 Westside TAD Resurgens Fund Grant will assist in the current redevelopment of \u003cstrong\u003e400 Paines Ave.\u003c/strong\u003e in the English Avenue neighborhood. The property will include six one-bedroom units leased at 60% area median income (AMI). Renovations will include ADA enhancements, utility upgrades and updates to the interior and exterior of the property. Other improvements will include reconstruction of curbs, sidewalks, streetscapes, stormwater management and curb cuts.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe Westside Future Fund, which is a place-based community organization that utilizes private and philanthropic partnerships to revitalize Westside neighborhoods, received a $325,000 Westside TAD grant to fund a redevelopment project at \u003cstrong\u003e613 Echo St.\u003c/strong\u003e The project will feature seven units of affordable rental housing priced at 50-60% AMI. Plus, assistance from Atlanta Housing Project-Based Rental Assistance Voucher Program ensures tenants will pay no more than 30% of their income on rent.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe Westside Future Fund also will receive up to $450,000 in Westside TAD Resurgens Fund Grants to finance the stabilization and historic preservation of \u003cstrong\u003e220 Sunset Ave.\u003c/strong\u003e for affordable multifamily housing. Built in 1950, the property is a historic landmark to Atlanta\u0026rsquo;s Civil Rights Movement and was acquired in 2020 to preserve the structure. The redevelopment will include a complete interior and exterior renovation of the four original apartments and construction of an additional two-bedroom, one-bath unit.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;I wholeheartedly support this,\u0026rdquo; says Atlanta Mayor Andre Dickens. \u0026ldquo;These are not only affordable houses\u0026ndash;seven at a time, six at a time, 10 at a time\u0026ndash;that all add up. This is also neighborhood revitalization\u0026hellip;when you start fixing them up and placing residents in them at affordable rates\u0026hellip;it has a huge amount of impact.\u0026rdquo;\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Westside\n\u003c/span\u003e\n"},{"id":447,"title":"Innovative Affordability in Grove Park Community","promo_title":"Innovative Affordability in Grove Park Community","published_date":"2022-07-27","featured_image":{"id":2006,"parent_id":124,"resource_file_name":"grove_park_4.jpg","resource_content_type":"image/jpeg","resource_file_size":51746,"resource_updated_at":"2022-07-27T13:46:13.338-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2022-07-27T13:46:13.367-04:00","updated_at":"2022-07-27T13:46:50.930-04:00","filename_hash":"grove_park_4_bw324X8.jpg","width":936,"height":459},"filename":"innovative-affordability-in-grove-park-community","meta_data_id":null,"published":true,"token":"GIHJMA","created_at":"2022-07-27T13:46:50.896-04:00","updated_at":"2022-07-27T13:46:50.896-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n To help very-low-income families, especially those at risk of displacement, the Invest Atlanta Board approved $1.8 million in Housing Opportunity Bond Funds for the construction of affordable, single-family scattered site rental units in the Grove Park community.\n\u003c/div\u003e\n","project_year":"2022","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eTo help very-low-income families, especially those at risk of displacement, the Invest Atlanta Board approved $1.8 million in Housing Opportunity Bond Funds for the construction of affordable, single-family scattered site rental units in the Grove Park community.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe project, located at 1842 Markone Street, is in close proximity to mass transit and will be developed by Grove Park Renewal Rentals \u0026ndash; a nonprofit focused on empowering communities through high quality, dignified housing.\u003c/p\u003e\r\n\r\n\u003cp\u003eGrove Park Renewal currently owns 10 parcels that will be used to create 40 units. There will be two structures on each parcel \u0026ndash; a primary unit and a detached accessory dwelling unit \u003cstrong\u003e(\u003c/strong\u003eADU) \u0026ndash; that will house four separate living units. Affordability will include 30%, 50% and 80% of area median income (AMI) units \u0026ndash; 12 of which will be permanently affordable and 10 will be deed restricted. In addition, Atlanta Housing Choice Vouchers will be available for 10 units.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Westside\n\u003c/span\u003e\n"},{"id":443,"title":"Affordability at Arden Avenue","promo_title":"Affordability at Arden Avenue","published_date":"2022-05-26","featured_image":{"id":1942,"parent_id":115,"resource_file_name":"1055_arden_2.jpg","resource_content_type":"image/jpeg","resource_file_size":86605,"resource_updated_at":"2022-05-26T15:14:14.174-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2022-05-26T15:14:14.996-04:00","updated_at":"2022-05-26T15:15:17.558-04:00","filename_hash":"1055_arden_2_aWgqLRm.jpg","width":1004,"height":668},"filename":"affordability-at-arden-avenue","meta_data_id":null,"published":true,"token":"KqSA3A","created_at":"2022-05-26T15:15:17.523-04:00","updated_at":"2022-05-26T15:15:17.523-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n \n\u003c/div\u003e\n","project_year":"2022","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eA $2 million loan\u0026nbsp;from the BeltLine Affordable Housing Trust Fund will pave the way for the new construction of 58 multifamily housing units in the Capitol View neighborhood \u0026ndash; 48 of which will be affordable.\u003c/p\u003e\r\n\r\n\u003cp\u003eLocated at 1055 Arden Ave., the development will include 2,000 square feet of commercial space on the ground floor, which could accommodate a restaurant or community grocery store. Affordability will include 28 units at 50% area median income (AMI), 20 units at 60% AMI and 10 units at market rate.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n \n\u003c/span\u003e\n"},{"id":437,"title":"Affordability Preserved","promo_title":"Affordability Preserved","published_date":"2022-03-29","featured_image":{"id":1885,"parent_id":5,"resource_file_name":"urfa_-_villas_lakewood_fact_sheet_-_sale__3-3-2022_final1.jpg","resource_content_type":"image/jpeg","resource_file_size":196918,"resource_updated_at":"2022-03-29T10:33:00.911-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2022-03-29T10:33:01.027-04:00","updated_at":"2022-03-29T12:46:04.968-04:00","filename_hash":"urfa_-_villas_lakewood_fact_sheet_-_sale__3-3-2022_final1_W16N6lY.jpg","width":1502,"height":1043},"filename":"affordability-preserved","meta_data_id":null,"published":true,"token":"91VhGA","created_at":"2022-03-29T10:33:31.104-04:00","updated_at":"2022-03-29T12:46:04.943-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n The Invest Atlanta Board approved the sale and change of ownership for the Villas at Lakewood, formally known as Amal Heights Townhomes, preserving 192 units of affordable housing.\n\u003c/div\u003e\n","project_year":"2000","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eThe Invest Atlanta Board approved the sale and change of ownership for the Villas at Lakewood, formally known as Amal Heights Townhomes, preserving 192 units of affordable housing.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe Starwood Capital Group (SCG) assumed ownership of the property located at 1700 Giben Road. The company, which has entities in the hotel, real estate and multifamily housing industries, has committed $1.2 billion in affordable housing throughout the United States, with 98% of the residents at 60% area median income (AMI). In 2020 alone, SCG committed over $645 million in affordable housing through the acquisition of 32 properties.\u003c/p\u003e\r\n\r\n\u003cp\u003eThis change of ownership continues affordability at the Villas at Lakewood, which includes five units at 50% AMI, 158 units at 60% AMI and 29 units at market rate.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Renting\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n \n\u003c/span\u003e\n"},{"id":439,"title":"Construction Underway for Two Affordable Housing Developments","promo_title":"Construction Underway for Two Affordable Housing Developments","published_date":"2022-03-29","featured_image":{"id":1887,"parent_id":5,"resource_file_name":"the_trust_at_oakland_city1.jpg","resource_content_type":"image/jpeg","resource_file_size":108258,"resource_updated_at":"2022-03-29T12:07:23.747-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2022-03-29T12:07:23.789-04:00","updated_at":"2022-03-29T12:08:01.495-04:00","filename_hash":"the_trust_at_oakland_city1_7JLyRoL.jpg","width":1335,"height":498},"filename":"construction-underway-for-two-affordable-housing-developments","meta_data_id":null,"published":true,"token":"XUrAng","created_at":"2022-03-29T12:08:01.438-04:00","updated_at":"2022-03-29T12:08:01.438-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n Atlanta Mayor Andre Dickens, Invest Atlanta CEO Eloisa Klementich and other city leaders gathered for groundbreaking ceremonies for two affordable housing developments \u0026ndash; Skyline Apartments and The Trust at Oakland City.\u003cbr /\u003e\r\n\n\u003c/div\u003e\n","project_year":"2022","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eAtlanta Mayor Andre Dickens, Invest Atlanta CEO Eloisa Klementich and other city leaders gathered for groundbreaking ceremonies for two affordable housing developments \u0026ndash; Skyline Apartments and The Trust at Oakland City.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eSkyline Apartments\u003c/strong\u003e will be located on Hank Aaron Drive in the Peoplestown neighborhood. The project received a $40 million tax exempt loan from Invest Atlanta for the construction of 250 units, which will include 46 studios, 101 one-bedroom apartments and 103 two-bedroom apartments. Skyline will be affordable to people earning 60% or less of the area median income (AMI) \u0026ndash; about $52,000 for a family of four in metro Atlanta \u0026ndash; and will remain affordable for 20 years.\u003c/p\u003e\r\n\r\n\u003cp\u003ePeoplestown is one of the oldest and most culturally rich historically African-American neighborhoods in Atlanta and is in close proximity to Downtown Atlanta. \u0026ldquo;When we enable more people to live in town near Atlanta\u0026rsquo;s job centers, we can reduce the time and expense of commuting and, in turn, increase their economic mobility,\u0026rdquo; said Mayor Dickens during the groundbreaking ceremony. \u0026ldquo;I\u0026rsquo;m extremely proud to be a part of a city and its partners who have stepped up with affordable housing solutions to meet the needs of our residents, retain potential workers and stimulate growth in Atlanta\u0026rsquo;s economy.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eThe Trust at Oakland City\u003c/strong\u003e received $1.48 million from the Beltline Tax Allocation District (TAD) Increment for the new construction of 21 affordable, for-sale townhomes. Located on Donnelly Avenue in Oakland City, this development will feature six units at 60% AMI, seven units at 80% AMI, eight units at 100% AMI and 21 units at market rate. All 21 affordable units will remain permanently affordable via the Atlanta Land Trust.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Homebuying/ Homeownership\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n \n\u003c/span\u003e\n"},{"id":432,"title":"The Push for Affordable Housing Continues","promo_title":"The Push for Affordable Housing Continues","published_date":"2021-12-20","featured_image":{"id":1770,"parent_id":86,"resource_file_name":"mcauley_2.jpg","resource_content_type":"image/jpeg","resource_file_size":110357,"resource_updated_at":"2021-12-20T14:53:52.879-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2021-12-20T14:53:53.581-05:00","updated_at":"2021-12-21T09:10:05.767-05:00","filename_hash":"mcauley_2_OP9Wa9p.jpg","width":886,"height":538},"filename":"the-push-for-affordable-housing-continues","meta_data_id":null,"published":true,"token":"uCORGw","created_at":"2021-12-20T14:54:51.470-05:00","updated_at":"2021-12-21T09:10:05.700-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n As part of the goal to create or preserve 20,000 units of affordable housing by 2026, the Invest Atlanta Board is pushing forward with an additional 346 units of affordable housing across two developments, McAuley Park and Trinity Central Flats\n\u003c/div\u003e\n","project_year":"2021","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eAs part of the goal to create or preserve 20,000 units of affordable housing by 2026, the Invest Atlanta Board is pushing forward with an additional 346 units of affordable housing across two developments.\u003c/p\u003e\r\n\r\n\u003cp\u003eAn approved $26 million\u0026nbsp;tax-exempt loan paves the way for the new construction of \u003cstrong\u003eMcAuley Park\u003c/strong\u003e, which will feature 170 multifamily housing units in the Sweet Auburn neighborhood. Located on Gartrell Street, the development will include 30 units at 30% area median income (AMI), 101 units at 60% AMI and 29 units at 80% AMI, serving individuals making $18,000 to $48,000 a year. In addition, Saint Joseph\u0026rsquo;s Mercy Care Services will support 10 respite units within the project for patients who need affordable housing near the clinic for healthcare services.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe Board also approved the disposition of a city-owned property to Vecino Group Southeast and Capitol Hill Neighborhood Development Corporation to build new affordable and workforce residential housing on a vacant lot across from Atlanta City Hall. \u003cstrong\u003eTrinity Central Flats\u003c/strong\u003e will feature 218 units, 186 of which will be affordable long term. The eight-story, mixed-use building will offer a diversity of unit arrangements that maximize affordability, increase density, and capture a wide range of income levels and household types. In addition, ground floor retail space will provide lifestyle amenities and essential services, with a focus on creating local business opportunity and affordable rents.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Renting\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n \n\u003c/span\u003e\n"},{"id":427,"title":"Preserving Grove Park Affordability","promo_title":"Preserving Grove Park Affordability","published_date":"2021-11-22","featured_image":{"id":1760,"parent_id":83,"resource_file_name":"gpf_map.jpg","resource_content_type":"image/jpeg","resource_file_size":143631,"resource_updated_at":"2021-11-22T15:56:44.360-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2021-11-22T15:56:44.392-05:00","updated_at":"2021-11-22T16:04:55.029-05:00","filename_hash":"gpf_map_2ayyo1Y.jpg","width":914,"height":814},"filename":"preserving-grove-park-affordability","meta_data_id":null,"published":true,"token":"235l1g","created_at":"2021-11-22T16:04:54.985-05:00","updated_at":"2021-11-22T16:04:54.985-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n With a $1 million grant approved by the Invest Atlanta Board, the Grove Park Foundation is helping to preserve and deepen affordability in the Grove Park neighborhood.\u003cbr /\u003e\r\n\n\u003c/div\u003e\n","project_year":"2021","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eWith a $1 million grant approved by the Invest Atlanta Board, the Grove Park Foundation is helping to preserve and deepen affordability in the Grove Park neighborhood.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe Grove Park Foundation is implementing its neighborhood housing strategy through a phased approach of acquiring and rehabilitating homes in the Grove Park neighborhood. Over a three-year period, the foundation aims to acquire and rehabilitate properties near the Westside Reservoir Park to ensure long-term, permanent affordability.\u003c/p\u003e\r\n\r\n\u003cp\u003eFunding from the Perry Bolton Tax Allocation District (TAD) paves the way for the construction of 14 for-sale homes and will help the Grove Park Foundation offer these homes to income-qualified homebuyers, many of whom are existing Grove Park residents, at no more than 80% area median income.\u003c/p\u003e\r\n\r\n\u003cp\u003eDawn Arnold, executive vice president and COO of Invest Atlanta, believes this project is vital because much of the inventory in the neighborhood consists of aging, single-family homes. \u0026ldquo;Many of the current occupants could be pushed out if we don\u0026rsquo;t do something,\u0026rdquo; said Arnold. \u0026ldquo;It\u0026rsquo;s great to see the work that the Grove Park Foundation is doing, especially given the pressures of gentrification. We are being respectful and intentional about retaining these legacy residents.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;It literally costs more to construct these homes then they\u0026rsquo;re able to sell them at,\u0026rdquo; added Invest Atlanta Board Member Randy Hazelton. \u0026ldquo;This grant really helps to close that gap. This also speaks to the pure intentionality of affordability in that [the Grove Park Foundation] is making no profit. I commend the effort and intention.\u0026rdquo;\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Homebuying/ Homeownership\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Westside\n\u003c/span\u003e\n"},{"id":428,"title":"Enhancing the English Avenue Corridor","promo_title":"Enhancing the English Avenue Corridor","published_date":"2021-11-22","featured_image":{"id":1757,"parent_id":83,"resource_file_name":"557_lindsay_street.jpg","resource_content_type":"image/jpeg","resource_file_size":66048,"resource_updated_at":"2021-11-22T15:56:43.748-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2021-11-22T15:56:44.238-05:00","updated_at":"2021-11-22T16:14:08.979-05:00","filename_hash":"557_lindsay_street_2ayyo1Y.jpg","width":1029,"height":570},"filename":"enhancing-the-english-avenue-corridor","meta_data_id":null,"published":true,"token":"Zy4YhQ","created_at":"2021-11-22T16:14:08.959-05:00","updated_at":"2021-11-22T16:14:08.959-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n The Invest Atlanta Board voted to approve a grant up to $534,000 from the Westside Tax Allocation District (TAD) to oaksATL Community Development LLC for the development of a neighborhood-scale, mixed-use development on Lindsay Street.\u003cbr /\u003e\r\n\n\u003c/div\u003e\n","project_year":"2021","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eThe Invest Atlanta Board voted to approve a grant up to $534,000 from the Westside Tax Allocation District (TAD) to oaksATL Community Development LLC for the development of a neighborhood-scale, mixed-use development on Lindsay Street.\u003c/p\u003e\r\n\r\n\u003cp\u003eoaksATL is a non-profit development entity associated with Peace Preparatory Academy in the English Avenue neighborhood. Together they support low-income families holistically through access to quality education, safe and affordable housing and proximity to parks and employment. Housed in the Lindsey Street Baptist Church directly across from the future development, Peace Preparatory Academy serves school-aged children from pre-K through fifth grade.\u003c/p\u003e\r\n\r\n\u003cp\u003eOnce complete, 557 Lindsay Street will be a three-story development that includes affordable multifamily units over a ground floor retail and office space. The development will feature six, two-bedroom, two-bath units priced for households earning between 50-60% area median income, about $47,000 a year for a four-person family. The ground floor will contain community-oriented retail and office space, in addition to a community laundry facility.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;I want to draw attention to the fact that [oaksATL] is creating housing for families who are attending the school,\u0026rdquo; said Fred O. Smith, Invest Atlanta Board member. \u0026ldquo;One challenge when it comes to education is that housing instability causes people to move from school to school to school, and it\u0026rsquo;s really difficult for kids to keep up. This is really one of the most exciting [projects] at this level of affordability. It\u0026rsquo;s exciting that we can be a part of it.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eIn 2020, oaksATL was awarded $1 million in Westside TAD Community Improvement Fund grants to finance the renovation of 31 deeply affordable multifamily units in three buildings in English Avenue, which are complete and fully leased. The Lindsay Street project will augment these existing developments.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Homebuying/ Homeownership\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Westside\n\u003c/span\u003e\n"},{"id":424,"title":"Invest Atlanta Board Approves 579 Affordable Housing Units","promo_title":"Invest Atlanta Board Approves 579 Affordable Housing Units","published_date":"2021-10-25","featured_image":{"id":1731,"parent_id":5,"resource_file_name":"ada_-_eastside_tad_-_front_porch_on_auburn_fact_sheet.jpg","resource_content_type":"image/jpeg","resource_file_size":191776,"resource_updated_at":"2021-10-25T15:23:51.907-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2021-10-25T15:23:52.070-04:00","updated_at":"2021-10-26T13:22:48.784-04:00","filename_hash":"ada_-_eastside_tad_-_front_porch_on_auburn_fact_sheet_382z39R.jpg","width":962,"height":541},"filename":"invest-atlanta-board-approves-579-affordable-housing-units","meta_data_id":null,"published":true,"token":"1UZgpg","created_at":"2021-10-25T15:24:12.118-04:00","updated_at":"2021-10-26T13:22:48.670-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n \n\u003c/div\u003e\n","project_year":"2021","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eAt its October meeting, the Invest Atlanta Board approved financing for five affordable housing developments that will add a total of 579 new and rehabilitated units to the market in 2023. Atlanta Housing Authority is deepening the affordability of these projects with rental assistance through homeowner vouchers.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eThe Barge\u003c/strong\u003e, located in the Mellwood neighborhood, will feature 129 senior housing units at 60% area median income (AMI). The Invest Atlanta Board approved an $8 million tax-exempt loan and a $3 million tax-exempt bond for the acquisition and rehabilitation of this development.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eThe Villages at Castleberry Hill Phase II\u003c/strong\u003e will feature 114 units at 60% AMI and 56 units at market rate. The Invest Atlanta Board approved a $36 million tax-exempt loan and $10 million taxable loan for the acquisition and rehabilitation of the 284-unit multi-family development on McDaniel Street and Greensferry\u0026nbsp;Avenue in the Castleberry Hill neighborhood.\u003c/p\u003e\r\n\r\n\u003cp\u003eLocated on Martin Luther King Jr. Drive in the Harland Terrace neighborhood, \u003cstrong\u003eHightower Manor\u003c/strong\u003e will feature 129 senior housing units at 60% AMI. The Invest Atlanta Board approved a $19.2 million tax-exempt loan for the acquisition and renovation of this development.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe Invest Atlanta Board amended a previously approved 2019 Eastside Tax Allocation District (TAD) Ascension Fund grant from $2 million to $3 million to help finance an expanded development plan for \u003cstrong\u003eFront Porch\u003c/strong\u003e on Auburn Avenue. Located in the heart of the Sweet Auburn District, the mixed-use development will feature 84 units of housing and 31,000 square feet of retail space. There will be 49 units available at 60% AMI and four units at 80% AMI. Four of the 14 for-sale units will be affordable.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe Invest Atlanta Board also approved a $2 million Housing Opportunity Bond/Non-Profit Loan for the new construction of 40 permanently affordable, for-sale townhome units in the East Lake neighborhood. Located on Fayetteville Road, \u003cstrong\u003eThe Trust at East Lake Townhomes \u003c/strong\u003ewill include common area gathering spaces, private courtyards, and direct access to an adjacent Publix grocery store.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe development will be complete in 2024, with 20 units available at 80% AMI\u0026nbsp;and 20 units at 120% AMI. All units will be committed to the Atlanta Land Trust to maintain permanent affordability. As well, qualified prospective homeowners will have access to down payment assistance, offering deeper levels of affordability.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;This is yet another opportunity for us to work with Atlanta Land Trust to create permanent affordability in the home ownership space,\u0026rdquo; said Alan Ferguson, senior vice president of Community Development at Invest Atlanta. \u0026ldquo;This is a very strong community that provides a lot of amenities and opportunities for families.\u0026rdquo;\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Renting\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n \n\u003c/span\u003e\n"},{"id":421,"title":"Permanent Affordability Comes to Westside Park Neighborhoods","promo_title":"Permanent Affordability Comes to Westside Park Neighborhoods","published_date":"2021-09-23","featured_image":{"id":1699,"parent_id":78,"resource_file_name":"picture1.png","resource_content_type":"image/png","resource_file_size":749014,"resource_updated_at":"2021-09-23T11:39:18.372-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2021-09-23T11:39:18.424-04:00","updated_at":"2021-09-23T11:40:39.616-04:00","filename_hash":"picture1_gvwMJeN.png","width":1047,"height":820},"filename":"permanent-affordability-comes-to-westside-park-neighborhoods","meta_data_id":null,"published":true,"token":"xQvV5Q","created_at":"2021-09-23T11:40:39.588-04:00","updated_at":"2021-09-23T11:40:39.588-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n The Urban Oasis Catalyst, LLC, has closed on a $2.6 million forgivable loan from the Perry Bolton Tax Allocation District (TAD) to finance the acquisition and development of new affordable and workforce housing in Northwest Atlanta.\u0026nbsp;\n\u003c/div\u003e\n","project_year":"2000","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eThe Urban Oasis Catalyst, LLC, has closed on a $2.6 million forgivable loan from the Perry Bolton Tax Allocation District (TAD) to finance the acquisition and development of new affordable and workforce housing in Northwest Atlanta.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe housing will feature single-family options in the Carey, Almond, and Grove Park neighborhoods, including duplexes and accessory dwelling units (ADUs). It will create much-needed permanent affordability, through a partnership with the Atlanta Land Trust.\u003c/p\u003e\r\n\r\n\u003cp\u003eUrban Oasis purchased nearly 12 acres of largely undeveloped land and five vacant homes, and will create 65 housing units\u0026mdash;10 rental and 55 for sale. Homes will be built to Earthcraft specifications, and 30 of the available units will maintain permanent affordability.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;Affordable housing is not just a goal, it is our passion,\u0026rdquo; says Dr. Eloisa Klementich, president and CEO of Invest Atlanta. \u0026ldquo;I am proud that we have achieved another permanent, equitable and affordable housing development for families in our city.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eAdditionally, homebuyers at 80% Area Median Income (AMI) and below, purchasing permanently affordable units, are eligible for $20,000 in down payment assistance from the newly approved Perry Bolton TAD Mortgage Assistance Program. Homebuyers over 80% and up to 120% AMI are eligible for $10,000 in down payment assistance.\u003c/p\u003e\r\n\r\n\u003cp\u003eUrban Oasis has engaged in ongoing conversations with a broad group of community stakeholders, including the Grove Park Neighborhood Association\u0026mdash;all of which have expressed their support for this project.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe project is significant because for-sale affordability can be difficult to create and preserve. It is a good example of how Invest Atlanta and its partners work together for the greater good of the community.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Homebuying/ Homeownership\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n \n\u003c/span\u003e\n"},{"id":423,"title":"Community Builders Revitalize the Westside","promo_title":"Community Builders Revitalize the Westside","published_date":"2021-09-23","featured_image":{"id":1695,"parent_id":78,"resource_file_name":"ada_-_75_griffin_st.jpg","resource_content_type":"image/jpeg","resource_file_size":61863,"resource_updated_at":"2021-09-23T11:39:18.167-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2021-09-23T11:39:18.202-04:00","updated_at":"2021-09-23T12:25:36.375-04:00","filename_hash":"ada_-_75_griffin_st_gvwMJeN.jpg","width":944,"height":577},"filename":"community-builders-revitalize-the-westside","meta_data_id":null,"published":true,"token":"_oOIoQ","created_at":"2021-09-23T12:25:36.352-04:00","updated_at":"2021-09-23T12:25:36.352-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n \n\u003c/div\u003e\n","project_year":"2021","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eRoyal Family Properties serves as a perfect example of how Invest Atlanta programs are working together to build community capacity for Westside revitalization and encouraging private investment.\u003c/p\u003e\r\n\r\n\u003cp\u003eInvest Atlanta launched the Community Builders program in 2017 to train Westside resident property owners and other community stakeholders in core property redevelopment skills. A year later, the Invest Atlanta Board approved the creation of a $150,000 Westside Tax Allocation District (TAD) Community Builders Pre-Development Fund to provide graduates of the program with grants for eligible expenses.\u003c/p\u003e\r\n\r\n\u003cp\u003eNow, with help from a recently approved $36,000 Westside TAD Community Builders Grant, Royal Family Properties is able to finance improvements to a residential property on Griffin Street in Vine City. Plans include adding two, one-bed/one-bath living units to the owner-occupied, single-family property. Each unit will be approximately 400 square feet and will be rented to local residents for rates at or below 50% of the area median income for one person.\u003c/p\u003e\r\n\r\n\u003cp\u003eApproximately 850 square feet will be added to the existing home, and a new entry will be created for the new dwelling units, with a shared hallway that opens to both new and existing bedrooms. Each new dwelling unit will contain a bathroom, laundry room, closet space and eating area. The existing kitchen will be reconfigured to accommodate use by both the existing bedroom and the new dwelling units.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;This program represents what true community engagement and wealth-building means,\u0026rdquo; said Alan Ferguson, senior vice president of Community Development at Invest Atlanta. \u0026ldquo;It ensures that our residents and stakeholders are involved in the transformation that\u0026rsquo;s occurring within their communities and are not just observers. We are hoping to repeat and expand the program in the future.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eRandy Hazelton, Invest Atlanta Board member, agreed saying: \u0026ldquo;This project is fulfilling the goal of retaining our legacy communities and doing it at a scale that\u0026rsquo;s accessible to folks who can\u0026rsquo;t come in as a big developer. It\u0026rsquo;s a good step in community engagement that will hopefully build capacity over time in our neighborhoods, and I appreciate the work.\u0026rdquo;\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Renting\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Westside\n\u003c/span\u003e\n"},{"id":417,"title":"Funding Approved for 600 Affordable Housing Units","promo_title":"Funding Approved for 600 Affordable Housing Units","published_date":"2021-08-25","featured_image":{"id":1674,"parent_id":5,"resource_file_name":"image.png","resource_content_type":"image/png","resource_file_size":466388,"resource_updated_at":"2021-08-26T10:51:14.531-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2021-08-26T10:51:15.011-04:00","updated_at":"2021-08-26T11:00:51.482-04:00","filename_hash":"image_qNggJDo.png","width":627,"height":367},"filename":"funding-approved-for-600-affordable-housing-units","meta_data_id":null,"published":true,"token":"CdSF0g","created_at":"2021-08-26T10:53:36.373-04:00","updated_at":"2021-08-26T11:00:51.463-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n \n\u003c/div\u003e\n","project_year":"2021","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cdiv\u003e\r\n\u003cp paraeid=\"{bb7ef10d-f3bd-495a-a35b-923df5b44945}{141}\" paraid=\"1111631109\"\u003eThe Invest Atlanta Board has approved $72.6 million in resolutions to fund a variety of multifamily and single-family housing options and provide deeper affordability in growing areas of the city where rents are increasing.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp paraeid=\"{bb7ef10d-f3bd-495a-a35b-923df5b44945}{141}\" paraid=\"1111631109\"\u003eThe approved resolutions will help finance the creation and rehabilitation of 600 new affordable housing units in several Atlanta neighborhoods, including\u0026nbsp;Peoplestown, Old Fourth Ward, Vine City and\u0026nbsp;Reynoldstown. Rental rates will range from 30 to 80% of the area median income (AMI) or below.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003ch4 paraeid=\"{bb7ef10d-f3bd-495a-a35b-923df5b44945}{141}\" paraid=\"1111631109\"\u003eSkyline Apartments\u0026nbsp;\u003c/h4\u003e\r\n\r\n\u003cp paraeid=\"{bb7ef10d-f3bd-495a-a35b-923df5b44945}{141}\" paraid=\"1111631109\"\u003eThe Invest Atlanta Board approved a $40 million tax exempt bond and $2 million in grant financing for the new construction of 250 multifamily housing units in Peoplestown. Skyline Apartments will include a community room, units prewired for security, structured parking, gated community with card entry, central laundry facility and access to public transportation. All 250 units \u0026ndash; planned by Exact Capital Group \u0026ndash; will be available at 60% AMI or below.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003ch4 paraeid=\"{bb7ef10d-f3bd-495a-a35b-923df5b44945}{141}\" paraid=\"1111631109\"\u003eCity Lights Boulevard North\u0026nbsp;\u003c/h4\u003e\r\n\r\n\u003cp paraeid=\"{bb7ef10d-f3bd-495a-a35b-923df5b44945}{141}\" paraid=\"1111631109\"\u003eCity Lights Boulevard North, a project by Wingate Companies, includes the new construction of 88 multifamily housing units in the Old Fourth Ward that will be offered at 60% AMI or below. The Invest Atlanta Board approved a $1.5 million gap loan for the development.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003ch4 paraeid=\"{bb7ef10d-f3bd-495a-a35b-923df5b44945}{141}\" paraid=\"1111631109\"\u003eParkView\u0026nbsp;Townhomes\u0026nbsp;\u003c/h4\u003e\r\n\r\n\u003cp paraeid=\"{bb7ef10d-f3bd-495a-a35b-923df5b44945}{141}\" paraid=\"1111631109\"\u003eRiddle Property Group was approved for $2 million of Tax Allocation District (TAD) financing for the rehabilitation and construction of 70 for-sale townhomes in Vine City \u0026ndash; 21 of which will be permanently affordable. Located 0.4 miles from the Vine City MARTA station and steps away from the Westside Beltline Connection,\u0026nbsp;ParkView\u0026nbsp;supports Atlanta\u0026rsquo;s transit-oriented development goals.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003ch4 paraeid=\"{bb7ef10d-f3bd-495a-a35b-923df5b44945}{141}\" paraid=\"1111631109\"\u003eHenderson Place\u0026nbsp;\u003c/h4\u003e\r\n\r\n\u003cp paraeid=\"{bb7ef10d-f3bd-495a-a35b-923df5b44945}{141}\" paraid=\"1111631109\"\u003eThe Invest Atlanta Board approved a $11.5 million tax exempt loan for the demolition and new construction of 76 multifamily housing units in the Old Fourth Ward by Mercy Housing Southeast, Atlanta Housing and Historic Downtown Development Corporation. All 76 units of Henderson Place will be available at 50 to 60% AMI or below, and the development will feature a clubhouse, business center, fitness center, central laundry facility, as well as additional commercial components to include a small grocery store.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003ch4 paraeid=\"{bb7ef10d-f3bd-495a-a35b-923df5b44945}{141}\" paraid=\"1111631109\"\u003eMadison\u0026nbsp;Reynoldstown\u0026nbsp;\u003c/h4\u003e\r\n\r\n\u003cp paraeid=\"{bb7ef10d-f3bd-495a-a35b-923df5b44945}{141}\" paraid=\"1111631109\"\u003eLocated in\u0026nbsp;Reynoldstown, Madison\u0026nbsp;Reynoldstown\u0026nbsp;will feature the construction of 116 new multifamily housing units, which will be available for rent at 30 to 80% AMI or below. The Invest Atlanta Board approved a $21.5 million tax exempt loan for the development led by Rea Ventures Group in partnership with Atlanta Housing. It will include a business center with computer stations, community rooms, fitness center, central laundry facility and access to public transportation.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp paraeid=\"{bb7ef10d-f3bd-495a-a35b-923df5b44945}{141}\" paraid=\"1111631109\"\u003eAccording to Dr. Eloisa\u0026nbsp;Klementich, president and CEO of Invest Atlanta, the approval of these 600 affordable housing units is a realization of the mayor\u0026rsquo;s vision to ensure equitable growth and long-term resilience in Atlanta \u0026ndash; even during the pandemic. \u0026ldquo;As we continue to seek thoughtful and relevant solutions to provide pathways to wealth creation, these exciting projects reflect the city\u0026rsquo;s economic mobility strategy being fulfilled through neighborhood investment with the development of affordable residences near transit,\u0026rdquo; said\u0026nbsp;Klementich, \u0026ldquo;thereby increasing access to job opportunities.\u0026rdquo;\u0026nbsp;\u003c/p\u003e\r\n\u003c/div\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Renting\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n \n\u003c/span\u003e\n"},{"id":409,"title":"Additional Affordable Housing Coming to Southwest Atlanta ","promo_title":"Bridges at Landrum: New Affordable Housing Coming to Southwest Atlanta ","published_date":"2021-06-22","featured_image":{"id":1632,"parent_id":5,"resource_file_name":"landrum.png","resource_content_type":"image/png","resource_file_size":885913,"resource_updated_at":"2021-06-22T20:35:28.913-04:00","caption":"Bridges at Landrum","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":2,"created_at":"2021-06-22T20:35:28.981-04:00","updated_at":"2021-06-23T09:15:12.411-04:00","filename_hash":"landrum_E68kkQq.png","width":1200,"height":628},"filename":"additional-affordable-housing-coming-to-southwest-atlanta","meta_data_id":null,"published":true,"token":"1VHReA","created_at":"2021-06-22T20:36:42.604-04:00","updated_at":"2021-06-23T09:15:12.365-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n \n\u003c/div\u003e\n","project_year":"2021","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cdiv style=\"clear:both;\"\u003e\r\n\u003cp paraeid=\"{9fcb5324-6ddd-44c1-9308-5b5bf5bb8b7f}{24}\" paraid=\"1854046399\"\u003e\u003cspan data-contrast=\"none\" xml:lang=\"EN-US\"\u003eThe Invest Atlanta Board has approved\u0026nbsp;\u003c/span\u003e\u003cspan data-contrast=\"none\" xml:lang=\"EN-US\"\u003ea $26 million tax exempt bond, as well as\u003c/span\u003e\u003cspan data-contrast=\"none\" xml:lang=\"EN-US\"\u003e\u0026nbsp;a $46.22 million lease purchase bond that will provide an estimated $2.089 million incentive for the development of\u0026nbsp;\u003c/span\u003e\u003cspan data-contrast=\"none\" xml:lang=\"EN-US\"\u003ethe\u0026nbsp;\u003c/span\u003e\u003cspan data-contrast=\"none\" xml:lang=\"EN-US\"\u003eBridges at Landru\u003c/span\u003e\u003cspan data-contrast=\"none\" xml:lang=\"EN-US\"\u003em.\u003c/span\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp paraeid=\"{9fcb5324-6ddd-44c1-9308-5b5bf5bb8b7f}{24}\" paraid=\"1854046399\"\u003e\u003cspan data-contrast=\"none\" xml:lang=\"EN-US\"\u003eLocated in Southwest Atlanta, the development will feature 200\u0026nbsp;newly constructed\u0026nbsp;housing units \u0026ndash; 170 of which will be available at 60% Area Median Income (AMI) or below\u003c/span\u003e\u003cspan data-contrast=\"none\" xml:lang=\"EN-US\"\u003e\u0026nbsp;and 30 at market rate. Amenities will include a c\u003c/span\u003e\u003cspan data-contrast=\"none\" xml:lang=\"EN-US\"\u003eommunity room with fitness center, business center, swimming pool and EnergyStar appliances.\u003c/span\u003e\u0026nbsp;\u003c/p\u003e\r\n\u003c/div\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n \n\u003c/span\u003e\n"},{"id":408,"title":"Breaking Ground and Increasing Affordability ","promo_title":"Haven at South Atlanta Breaks Ground, London Town Homes Opens","published_date":"2021-06-22","featured_image":{"id":1631,"parent_id":5,"resource_file_name":"haven_groundbreaking.png","resource_content_type":"image/png","resource_file_size":1734694,"resource_updated_at":"2021-06-22T20:29:53.180-04:00","caption":"Haven Homes Groundbreaking","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":2,"created_at":"2021-06-22T20:29:53.719-04:00","updated_at":"2021-06-23T09:12:24.656-04:00","filename_hash":"haven_groundbreaking_r6mRREl.png","width":1200,"height":628},"filename":"breaking-ground-and-increasing-affordability","meta_data_id":null,"published":true,"token":"6vGUWA","created_at":"2021-06-22T20:31:13.986-04:00","updated_at":"2021-06-23T09:12:24.608-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n \n\u003c/div\u003e\n","project_year":"2021","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cdiv\u003e\r\n\u003cp paraeid=\"{ac9e4f87-0a00-4d5a-a24b-46c5b31d9e98}{215}\" paraid=\"1083831168\"\u003eMembers of Invest Atlanta, city officials and partner agencies were all\u0026nbsp;a\u0026nbsp;part of groundbreaking ceremonies for two affordable housing developments \u0026ndash; The Haven at South Atlanta and London Townhomes.\u003c/p\u003e\r\n\r\n\u003cp paraeid=\"{ac9e4f87-0a00-4d5a-a24b-46c5b31d9e98}{215}\" paraid=\"1083831168\"\u003eThe Haven at South Atlanta will be an 84-unit, mixed-income community\u0026nbsp;that provides\u0026nbsp;much-needed\u0026nbsp;affordability in close proximity to\u0026nbsp;downtown Atlanta and numerous job centers and amenities. Situated on what was once a vacant lot, The Haven will be a sustainable, energy-efficient community featuring one-, two- and three-bedroom garden apartments\u0026nbsp;with\u0026nbsp;affordable units targeted at 60% and 50% of Area Median Income (AMI).\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp paraeid=\"{ac9e4f87-0a00-4d5a-a24b-46c5b31d9e98}{215}\" paraid=\"1083831168\"\u003eLondon Townhomes is an existing development in the Ivan Hills neighborhood that is undergoing\u0026nbsp;extensive rehabilitation and preservation. Located on Scott Street and featuring 180 units at 60% AMI, the development will feature a computer center, fitness center, playground equipment, outdoor gathering spaces, new EnergyStar appliances (refrigerator, dishwasher) and washer/dryer hook-ups.\u003c/p\u003e\r\n\u003c/div\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Southside\n\u003c/span\u003e\n"},{"id":403,"title":"TAD Grants to Fund More Affordable Housing ","promo_title":"TAD Grants to Fund More Affordable Housing ","published_date":"2021-05-25","featured_image":{"id":1596,"parent_id":5,"resource_file_name":"may_i_i_-_proctor.png","resource_content_type":"image/png","resource_file_size":10407621,"resource_updated_at":"2021-05-25T20:41:24.797-04:00","caption":"May TAD Grants","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":2,"created_at":"2021-05-25T20:41:25.731-04:00","updated_at":"2021-05-25T20:45:10.490-04:00","filename_hash":"may_i_i_-_proctor_MYpjPEB.png","width":6912,"height":3456},"filename":"tad-grants-to-fund-more-affordable-housing","meta_data_id":null,"published":true,"token":"i6tdDg","created_at":"2021-05-25T20:44:43.824-04:00","updated_at":"2021-05-25T20:45:10.442-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n The Invest Atlanta\u0026nbsp;Board\u0026nbsp;board\u0026nbsp;approved more than $3\u0026nbsp;million in\u0026nbsp;Tax\u0026nbsp;Allocation\u0026nbsp;District (TAD) grants\u0026nbsp;to fund\u0026nbsp;construction\u0026nbsp;of\u0026nbsp;298\u0026nbsp;affordable housing units.\n\u003c/div\u003e\n","project_year":"2021","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eThe Invest Atlanta board\u0026nbsp;approved more than $3\u0026nbsp;million in\u0026nbsp;Tax\u0026nbsp;Allocation\u0026nbsp;District (TAD) grants\u0026nbsp;to fund the construction\u0026nbsp;of\u0026nbsp;298\u0026nbsp;affordable housing units\u0026nbsp;\u0026ndash; further supporting Mayor Keisha Lance Bottoms\u0026rsquo; efforts to\u0026nbsp;expand housing affordability and\u0026nbsp;drive economic mobility\u0026nbsp;in Atlanta.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eUp to\u0026nbsp;$2 million\u0026nbsp;has been granted from the Westside TAD Ascension Fund\u0026nbsp;to finance a mixed-use development that will include 132 multifamily apartments and six live/work spaces\u0026nbsp;for small businesses. Located on Lindsay Street near the Donald Lee Hollowell and Joseph E. Lowery corridors,\u0026nbsp;The Proctor\u0026nbsp;will be\u0026nbsp;located\u0026nbsp;on what is\u0026nbsp;currently\u0026nbsp;a vacant lot\u0026nbsp;in the English Avenue neighborhood.\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eThe\u0026nbsp;development\u0026nbsp;will include\u0026nbsp;138\u0026nbsp;housing units,\u0026nbsp;10,000 square feet of retail space for local entrepreneurs\u0026nbsp;and is situated near the Bankhead MARTA Station, the Atlanta BeltLine, Downtown and West Midtown employment centers. The six,\u0026nbsp;for-sale units will be available at 120% area median income (AMI), while rental affordability will include 14\u0026nbsp;units\u0026nbsp;at 50% AMI, 18\u0026nbsp;units\u0026nbsp;at 80% AMI and 100\u0026nbsp;units\u0026nbsp;at market rate.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eConstruction\u0026nbsp;also\u0026nbsp;will begin on a new senior housing development in the\u0026nbsp;Chosewood\u0026nbsp;Park community\u0026nbsp;with help\u0026nbsp;from\u0026nbsp;a $1 million grant from the BeltLine TAD. Located at\u0026nbsp;1265 Lakewood Ave., this development will include\u0026nbsp;full amenities and\u0026nbsp;160\u0026nbsp;multifamily\u0026nbsp;housing units, with 48 units\u0026nbsp;available\u0026nbsp;at 50% AMI, 88\u0026nbsp;units\u0026nbsp;at 60% AMI and 24\u0026nbsp;units\u0026nbsp;at 80% AMI.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Westside\n\u003c/span\u003e\n"},{"id":404,"title":"Bond Resolutions Give Green Light for Three Affordable Housing Developments ","promo_title":"Bond Resolutions Green Light More Affordable Housing ","published_date":"2021-05-25","featured_image":{"id":1597,"parent_id":5,"resource_file_name":"may_i_i_-1-.png","resource_content_type":"image/png","resource_file_size":925306,"resource_updated_at":"2021-05-25T20:47:50.701-04:00","caption":"Lakewood-the-mallory-populus","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":2,"created_at":"2021-05-25T20:47:50.930-04:00","updated_at":"2021-05-25T20:51:20.037-04:00","filename_hash":"may_i_i_-1-_JjL2Vr6.png","width":1066,"height":460},"filename":"bond-resolutions-give-green-light-for-three-affordable-housing-developments","meta_data_id":null,"published":true,"token":"GOs7zQ","created_at":"2021-05-25T20:50:16.679-04:00","updated_at":"2021-05-25T20:51:19.987-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n The Invest Atlanta board\u0026nbsp;has approved $84 million worth of\u0026nbsp;tax-exempt\u0026nbsp;bond financing \u0026ndash; $30 million of which will go toward two affordable housing developments to support Atlanta\u0026rsquo;s senior community and another $54 million for multifamily housing.\u0026nbsp;\n\u003c/div\u003e\n","project_year":"2021","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eThe Invest Atlanta board has approved $84 million worth of\u0026nbsp;tax-exempt\u0026nbsp;bond financing \u0026ndash; $30 million of which will go toward two affordable housing developments to support Atlanta\u0026rsquo;s senior community and another $54 million for multifamily housing.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eLakewood Christian Manor\u0026nbsp;has been offered a $17.5 million tax-exempt loan for the acquisition and rehabilitation of a 250-unit senior housing development. Located on Springdale Road in the\u0026nbsp;Perkerson\u0026nbsp;neighborhood, this development will undergo a complete renovation and feature full amenities. Affordability will include 21 units at 30% area median income (AMI), 154 units at 50% AMI and 75 units at 60% AMI.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eA\u0026nbsp;$12.5 million tax-exempt loan has paved the way for construction of\u0026nbsp;another senior development \u0026ndash;\u0026nbsp;The Mallory\u0026nbsp;\u0026ndash;\u0026nbsp;in the Dixie Hills community. This development will feature 116 units and full amenities. Affordability will include 20 units at 50% AMI, 86 units at 60% AMI and 10 units at 80% AMI.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eIn addition, a $54 million lease-purchase bond will bring 286 new housing units to the Monroe Heights neighborhood \u0026ndash; 43 of which will be affordable.\u0026nbsp;The Populus at Westside\u0026nbsp;will feature a garden-style apartment community on what is now a vacant property on Northwest Drive. The development will include eight residential buildings on 349,199 total square feet. Affordability will include 13 units at 60% AMI and 30 units at 80% AMI.\u0026nbsp;\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Westside\n\u003c/span\u003e\n"},{"id":402,"title":"Preserving Affordable Housing","promo_title":"Preserving Affordable Housing","published_date":"2021-04-21","featured_image":{"id":1558,"parent_id":5,"resource_file_name":"hollywood___big_bethel.png","resource_content_type":"image/png","resource_file_size":817823,"resource_updated_at":"2021-04-21T09:55:30.208-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2021-04-21T09:55:30.261-04:00","updated_at":"2021-04-21T09:55:45.717-04:00","filename_hash":"hollywood___big_bethel_V1amQ1N.png","width":1066,"height":460},"filename":"preserving-affordable-housing","meta_data_id":null,"published":true,"token":"thKWdQ","created_at":"2021-04-21T09:55:45.692-04:00","updated_at":"2021-04-21T09:55:45.692-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n The Invest Atlanta Board approved financing for two affordable housing preservation projects, which together will rehabilitate a total of 232 units.\n\u003c/div\u003e\n","project_year":"2021","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp dir=\"ltr\"\u003e\u003cspan id=\"docs-internal-guid-f3b7eb35-7fff-9cae-260d-2e548ec7b224\"\u003eThe Invest Atlanta Board approved financing for two affordable housing preservation projects, which together will rehabilitate a total of 232 units.\u003c/span\u003e\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u003cspan id=\"docs-internal-guid-f3b7eb35-7fff-9cae-260d-2e548ec7b224\"\u003eThe Board approved $11.25 million tax exempt bond financing for the acquisition and renovation of an existing 112-unit multifamily housing development on Hollywood Road in the Almond Park neighborhood. These units will all be targeted at 60% area median income (AMI) and below, and 81 of them also will be included in a housing assistance payment contract, which provides rental subsidies through the U.S. Department of Housing and Urban Development. These residents will pay no more than 30% of their income towards their housing costs.\u003c/span\u003e\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u003cspan id=\"docs-internal-guid-f3b7eb35-7fff-9cae-260d-2e548ec7b224\"\u003eThe Board also approved $12.39 million tax exempt bond financing for the acquisition and rehabilitation of Big Bethel Village, an existing property on Richard Allen Boulevard in the Fairburn Mays neighborhood. This development is targeted towards seniors with 44 units being made available at 50% area median income (AMI), 59 units at 60% AMI and 17 units at market rate.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u003cspan id=\"docs-internal-guid-f3b7eb35-7fff-9cae-260d-2e548ec7b224\"\u003e\u0026ldquo;We\u0026rsquo;ve very excited to see the developer, National Church Residences, come back, refinance and reposition [Big Bethel Village] so they can maintain affordability and really improve and modernize the quality of the units going forward,\u0026rdquo; said Alan Ferguson, senior vice president of Community Development at Invest Atlanta.\u003c/span\u003e\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Renting\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Westside\n\u003c/span\u003e\n"},{"id":400,"title":"Coming to the Capitol View Neighborhood: 1055 Arden","promo_title":"Coming to the Capitol View Neighborhood: 1055 Arden","published_date":"2021-04-21","featured_image":{"id":1556,"parent_id":5,"resource_file_name":"screen_shot_2021-04-15_at_11.17.15_am.png","resource_content_type":"image/png","resource_file_size":2369504,"resource_updated_at":"2021-04-21T09:40:03.681-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2021-04-21T09:40:03.772-04:00","updated_at":"2021-04-21T09:42:16.749-04:00","filename_hash":"screen_shot_2021-04-15_at_11.17.15_am_ymaZLVb.png","width":1650,"height":1086},"filename":"coming-to-the-capitol-view-neighborhood-1055-arden","meta_data_id":null,"published":true,"token":"x3HvAg","created_at":"2021-04-21T09:42:16.719-04:00","updated_at":"2021-04-21T09:42:16.719-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n A $1.47 million grant from the Beltline Tax Allocation District (TAD) Increment Fund has been approved by the Invest Atlanta Board for the construction of 58 multifamily housing units in the Capitol View neighborhood.\n\u003c/div\u003e\n","project_year":"2021","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp dir=\"ltr\"\u003e\u003cspan id=\"docs-internal-guid-0bc502d8-7fff-f332-f355-73370b1aa661\"\u003eA $1.47 million grant from the Beltline Tax Allocation District (TAD) Increment Fund has been approved by the Invest Atlanta Board for the construction of 58 multifamily housing units in the Capitol View neighborhood.\u003c/span\u003e\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u003cspan id=\"docs-internal-guid-0bc502d8-7fff-f332-f355-73370b1aa661\"\u003eLocated on 1055 Arden Ave., the development is a partnership between Prestwick Development Company and Atlanta Neighborhood Development Partnership, Inc. \u0026ldquo;I\u0026rsquo;m pleased to see this combination of mission-aligned groups of both for-profit and nonprofit organizations come together to sponsor this affordable workforce housing,\u0026rdquo; said Alan Ferguson, senior vice president of Community Development at Invest Atlanta.\u003c/span\u003e\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u003cspan id=\"docs-internal-guid-0bc502d8-7fff-f332-f355-73370b1aa661\"\u003eThe development will be located adjacent to, and will complement, Gateway Capitol View, which is a senior housing project that was funded and financed by Invest Atlanta and the Beltline Affordable Housing Trust Fund.\u0026nbsp;It will feature full amenities, including job training and supportive services, as well as easy access to public transportation. There will be 28 units available at 50% area median income (AMI), 20 units at 60% AMI and 10 units at market rate.\u003c/span\u003e\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Eastside\n\u003c/span\u003e\n"},{"id":399,"title":"Sweet Auburn Continues to Thrive","promo_title":"Sweet Auburn Continues to Thrive","published_date":"2021-04-21","featured_image":{"id":1555,"parent_id":5,"resource_file_name":"screen_shot_2021-04-15_at_10.47.11_am.png","resource_content_type":"image/png","resource_file_size":2747812,"resource_updated_at":"2021-04-21T09:35:09.615-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2021-04-21T09:35:09.811-04:00","updated_at":"2021-04-21T09:35:50.510-04:00","filename_hash":"screen_shot_2021-04-15_at_10.47.11_am_Qgr19Ek.png","width":2008,"height":1198},"filename":"sweet-auburn-continues-to-thrive","meta_data_id":null,"published":true,"token":"01XB5Q","created_at":"2021-04-21T09:35:50.482-04:00","updated_at":"2021-04-21T09:35:50.482-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n The Invest Atlanta Board has approved financing for new, permanent supportive housing geared toward those who are transitioning out of homelessness.\n\u003c/div\u003e\n","project_year":"2021","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp dir=\"ltr\"\u003e\u003cspan id=\"docs-internal-guid-d2a8f14b-7fff-b58b-dcd1-84ee55136ce9\"\u003eThe Invest Atlanta Board has approved financing for new, permanent supportive housing geared toward those who are transitioning out of homelessness.\u003c/span\u003e\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u003cspan id=\"docs-internal-guid-d2a8f14b-7fff-b58b-dcd1-84ee55136ce9\"\u003eThe $950,000 grant from the Eastside Tax Allocation District (TAD) Ascension Fund will help finance the construction of Thrive Sweet Auburn on Decatur Street, located near the King Memorial MARTA station, Grady Memorial Hospital and Georgia State University. The mixed-use, multifamily development will contain 117 mixed-income, affordable workforce housing units, as well as commercial space on the ground floor.\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u003cspan id=\"docs-internal-guid-d2a8f14b-7fff-b58b-dcd1-84ee55136ce9\"\u003eAccording to Alan Ferguson, senior vice president of Community Development at Invest Atlanta, the Invest Atlanta Board previously approved an Eastside TAD grant to support the commercial portion of this project, but financing conditions and an unanticipated surge in construction costs required the developer to come back and request additional funding to complete the housing component. \u0026ldquo;Closing is imminent, and they hope to break ground and start construction in May,\u0026rdquo; said Ferguson. \u0026ldquo;These units will hopefully be available by August 2022.\u0026rdquo;\u003c/span\u003e\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u003cspan id=\"docs-internal-guid-d2a8f14b-7fff-b58b-dcd1-84ee55136ce9\"\u003eAtlanta Housing is providing HomeFlex vouchers for 23 of the Thrive Sweet Auburn units, allowing those homebuyers to pay no more than 30% of their income towards their housing costs. These units also represent permanent supportive housing units for families transitioning out of homelessness. Other units will be available at 60% and 80% area median income (AMI).\u003c/span\u003e\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Eastside\n\u003c/span\u003e\n"},{"id":396,"title":"Public Partnership Opens Doors for Affordable Housing in Reynoldstown","promo_title":"Public Partnership Opens Doors for Affordable Housing in Reynoldstown","published_date":"2021-03-24","featured_image":{"id":1498,"parent_id":5,"resource_file_name":"screen_shot_2021-03-24_at_3.18.30_pm.png","resource_content_type":"image/png","resource_file_size":2341173,"resource_updated_at":"2021-03-24T15:19:44.063-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2021-03-24T15:19:44.158-04:00","updated_at":"2021-03-24T15:21:29.614-04:00","filename_hash":"screen_shot_2021-03-24_at_3.18.30_pm_Pg2Yz5V.png","width":1842,"height":1060},"filename":"public-partnership-opens-doors-for-affordable-housing-in-reynoldstown","meta_data_id":null,"published":true,"token":"mFp8gg","created_at":"2021-03-24T15:16:58.975-04:00","updated_at":"2021-03-24T15:21:29.591-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n Critical affordable housing is coming to the rapidly developing Reynoldstown community with a $18.5 million bond resolution approved by the Invest Atlanta Board.\n\u003c/div\u003e\n","project_year":"2021","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp dir=\"ltr\"\u003eCritical affordable housing is coming to the rapidly developing Reynoldstown community with a $18.5 million bond resolution approved by the Invest Atlanta Board.\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u003cspan\u003e\u0026ldquo;The project is a great example of partnership between public agencies,\u0026rdquo; said Alan Ferguson\u003c/span\u003e, senior vice president of Community Development at Invest Atlanta. \u0026ldquo;We have land and property owned by Atlanta BeltLine, Atlanta Housing providing the capital structure and Atlanta HomeFlex vouchers to make the units more affordable, as well as Invest Atlanta with the conduit bond financing.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u003cspan\u003eThe Madison at Reynoldstown, located on Memorial Drive, will feature 116 multifamily, mixed-income housing units \u0026ndash; 24 of which will be made available at 30% area median income (AMI), 68 at 60% AMI and 24 at 80% AMI. Construction will be complete in 2022, and amenities will include a business center with computer stations, community rooms, fitness center, central laundry facility and access to public transportation.\u003c/span\u003e\u003c/p\u003e\r\n\r\n\u003cdiv\u003e\u0026nbsp;\u003c/div\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Southside\n\u003c/span\u003e\n"},{"id":398,"title":"More Single-Family Affordable Housing Comes to Northwest Atlanta","promo_title":"More Single-Family Affordable Housing Comes to Northwest Atlanta","published_date":"2021-03-24","featured_image":{"id":1500,"parent_id":5,"resource_file_name":"screen_shot_2021-03-17_at_5.32.13_pm.png","resource_content_type":"image/png","resource_file_size":1045978,"resource_updated_at":"2021-03-24T15:36:03.975-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2021-03-24T15:36:04.044-04:00","updated_at":"2021-03-24T15:36:22.708-04:00","filename_hash":"screen_shot_2021-03-17_at_5.32.13_pm_1OD16Qw.png","width":1312,"height":1018},"filename":"more-single-family-affordable-housing-comes-to-northwest-atlanta","meta_data_id":null,"published":true,"token":"ls3F_Q","created_at":"2021-03-24T15:36:22.675-04:00","updated_at":"2021-03-24T15:36:22.675-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n The Invest Atlanta Board has approved up to a $2.6 million forgivable loan from the Perry Bolton Tax Allocation District (TAD) to finance the acquisition and development of 40 single-family sites on a largely vacant property in Northwest Atlanta to ultimately create 65 homes in Grove Park, Carey Park and the surrounding area.\n\u003c/div\u003e\n","project_year":"2021","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp dir=\"ltr\"\u003e\u003cspan id=\"docs-internal-guid-a68bd477-7fff-8132-e843-74ce6a253b3d\"\u003eThe Invest Atlanta Board has approved up to a $2.6 million forgivable loan from the Perry Bolton Tax Allocation District (TAD) to finance the acquisition and development of 40 single-family sites on a largely vacant property in Northwest Atlanta to ultimately create 65 homes in Grove Park, Carey Park and the surrounding area.\u003c/span\u003e\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u003cspan id=\"docs-internal-guid-a68bd477-7fff-8132-e843-74ce6a253b3d\"\u003eThe Urban Oasis Development and Invest Atlanta Land Trust acquired the 40 parcels throughout the Westside Park community for the development and construction of affordable housing units. The scattered site land acquisition and development will include a range of single-family housing options, including duplexes and accessory dwelling units (ADUs), with 30 of the 40 affordable units maintaining permanent affordability through the Atlanta Land Trust.\u003c/span\u003e\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u003cspan id=\"docs-internal-guid-a68bd477-7fff-8132-e843-74ce6a253b3d\"\u003eThe project is the result of concerns raised by local residents in the Westside Park community about displacement amid increasing development. Under the leadership of Terry Lee, chief operating officer/chief housing officer at Atlanta Housing, and Tim Keane, Atlanta City Planning Commissioner, the Westside Equitable Task Force was formed to advance anti-displacement efforts. Those efforts led to the recently adopted legislation for inclusionary zoning for this area, a down payment assistance program within the Perry Bolton TAD, as well as the creation of new affordable housing.\u003c/span\u003e\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u003cspan id=\"docs-internal-guid-a68bd477-7fff-8132-e843-74ce6a253b3d\"\u003e\u0026ldquo;This initiative represents how different agencies and the city can bring together policy, strategy and resources to address community concerns,\u0026rdquo; said Alan Ferguson, senior vice president of Community Development at Invest Atlanta. \u0026ldquo;This grant allows Invest Atlanta to provide the capital to create this permanent affordable housing. And, in conjunction with down payment assistance products, as well as the legislation that\u0026rsquo;s been adopted, we hope to regain efforts to help fight displacement in this community.\u0026rdquo;\u003c/span\u003e\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u003cspan id=\"docs-internal-guid-a68bd477-7fff-8132-e843-74ce6a253b3d\"\u003eUp to 65 units of new construction housing will be created \u0026ndash; a majority of which will be permanently affordable. Homebuyers at 80% area median income (AMI) and below purchasing the permanently affordable units are eligible for $20,000 in down payment assistance from the newly created and approved Perry Bolton TAD Mortgage Assistance Program while homebuyers over 80% and up to 120% AMI are eligible for $10,000 in down payment assistance.\u003c/span\u003e\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Northwest\n\u003c/span\u003e\n"},{"id":390,"title":"Affordable Townhomes Coming to Tucker Avenue","promo_title":"Affordable Townhomes Coming to Tucker Avenue","published_date":"2021-02-23","featured_image":{"id":1486,"parent_id":5,"resource_file_name":"screen_shot_2021-02-23_at_4.59.11_pm.png","resource_content_type":"image/png","resource_file_size":2465412,"resource_updated_at":"2021-02-23T16:59:48.003-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2021-02-23T16:59:48.109-05:00","updated_at":"2021-02-23T17:00:18.033-05:00","filename_hash":"screen_shot_2021-02-23_at_4.59.11_pm_5EZqwbq.png","width":1828,"height":1004},"filename":"affordable-townhomes-coming-to-tucker-avenue","meta_data_id":null,"published":true,"token":"q4eLnQ","created_at":"2021-02-23T17:00:18.004-05:00","updated_at":"2021-02-23T17:00:18.004-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n The Invest Atlanta Board has seized on another opportunity to create and support permanently affordable homeownership by approving a $1.17 million grant from the BeltLine Tax Allocation District (TAD) Increment Fund to the Atlanta Land Trust. This grant will allow for the development of 36 townhomes on Tucker Avenue \u0026ndash; 29 of which will be permanently affordable.\n\u003c/div\u003e\n","project_year":"2021","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp dir=\"ltr\"\u003eThe Invest Atlanta Board has seized on another opportunity to create and support permanently affordable homeownership by approving a $1.17 million grant from the BeltLine Tax Allocation District (TAD) Increment Fund to the Atlanta Land Trust. This grant will allow for the development of 36 townhomes on Tucker Avenue \u0026ndash; 29 of which will be permanently affordable.\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u003cspan\u003eThe project originally was approved in July 2019 for the creation of 23 townhome units, but according to Anita Allgood, director of Single Family \u0026amp; Homeownership Services for Invest Atlanta,\u003c/span\u003e the project team went back to the drawing board, secured a new development partner and created a new site plan that includes additional affordable units.In the first phase of the project, seven units will be offered at market rate to assist in moving the project forward.\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u003cspan\u003eThe $1.17 million funding request is in line with Atlanta BeltLine funding guidelines at $40,000 per affordable unit and nets an additional six permanently affordable units for a total of 29 permanently affordable units \u0026ndash; 18 will be available at 80% Area Median Income (AMI), 11 will be at 100% AMI and seven will be at market rate.\u003c/span\u003e\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u003cspan\u003ePotential homebuyers who fall within these income ranges also will be eligible for down payment assistance programs from Invest Atlanta, Atlanta Housing and the Atlanta Neighborhood Development Partnership.\u003c/span\u003e\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Homebuying/ Homeownership\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n West End\n\u003c/span\u003e\n"},{"id":391,"title":"Flats at Stone Hogan","promo_title":"Flats at Stone Hogan","published_date":"2021-02-23","featured_image":{"id":1487,"parent_id":5,"resource_file_name":"screen_shot_2021-02-19_at_3.01.55_pm.png","resource_content_type":"image/png","resource_file_size":4129872,"resource_updated_at":"2021-02-23T17:05:55.788-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2021-02-23T17:05:55.936-05:00","updated_at":"2021-02-23T17:07:24.428-05:00","filename_hash":"screen_shot_2021-02-19_at_3.01.55_pm_kb7wxxe.png","width":1884,"height":1172},"filename":"flats-at-stone-hogan","meta_data_id":null,"published":true,"token":"0p-AJQ","created_at":"2021-02-23T17:07:24.394-05:00","updated_at":"2021-02-23T17:07:24.394-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n Developers Zimmerman Properties, Atlanta Housing and TriStar Realty Investments have been approved for $29.5 million in Tax Exempt Loans from the Urban Residential Finance Authority for the new construction of the Flats at Stone Hogan. The development will include 256 multi-family housing units in the Continental Colony neighborhood.\n\u003c/div\u003e\n","project_year":"2021","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp dir=\"ltr\"\u003eDevelopers Zimmerman Properties, Atlanta Housing and TriStar Realty Investments have been approved for $29.5 million in Tax Exempt Loans from the Urban Residential Finance Authority for the new construction of the Flats at Stone Hogan. The development will include 256 multi-family housing units in the Continental Colony neighborhood.\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u003cspan\u003eThis is a companion project to the Villas at Stone Hogan, a senior housing development that was approved for inducement in October 2020. According to Alan Ferguson\u003c/span\u003e, senior vice president of Community Development at\u0026nbsp;Invest Atlanta, at the time, the community had expressed concerns about the amount of senior housing in their neighborhood, as well as their desire for more family housing and an open dialogue about proposed development plans. \u0026ldquo;The developer has very intently and deliberately engaged the community,\u0026rdquo; said Ferguson, \u0026ldquo;and has made tremendous progress in their plans and connections with the community.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u003cspan\u003eThe Flats at Stone Hogan will include 75 units at 50% Average Median Income (AMI), 78 units at 60% AMI, 75 units at 70% AMI and 28 units at market rate. Wraparound services also will be provided for the families and children who attend Continental Colony Elementary School.\u003c/span\u003e\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u003cspan\u003eThe Flats at Stone Hogan represents the second phase of this development and construction will move concurrently with the Villas at Stone Hogan. A planned, third phase will include market-rate, for-sale townhomes, which are in alignment with community requests.\u003c/span\u003e\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Renting\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Southside\n\u003c/span\u003e\n"},{"id":385,"title":"2021 Housing Opportunity Bond Program Approved","promo_title":"2021 Housing Opportunity Bond Program Approved","published_date":"2021-01-26","featured_image":{"id":1474,"parent_id":5,"resource_file_name":"impact___insights_2021_-12-.png","resource_content_type":"image/png","resource_file_size":665956,"resource_updated_at":"2021-01-26T09:24:43.289-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2021-01-26T09:24:44.100-05:00","updated_at":"2021-01-26T13:16:19.244-05:00","filename_hash":"impact___insights_2021_-12-_PgaqeoK.png","width":1000,"height":529},"filename":"2021-housing-opportunity-bond-program-approved","meta_data_id":null,"published":true,"token":"epDIFQ","created_at":"2021-01-26T09:25:12.394-05:00","updated_at":"2021-01-26T13:16:19.198-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n The Invest Atlanta Board of Directors approved the 2021 Housing Opportunity Bond Program, which includes $50 million Taxable Draw-Down Bonds and $100 million Taxable Revenue Bonds. This is the third and largest issuance of Housing Opportunity Bonds sponsored by the City of Atlanta to fund housing programs. Previous issuances were in 2007 and 2017, totaling $75 million.\n\u003c/div\u003e\n","project_year":"2021","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp dir=\"ltr\"\u003e\u003cspan id=\"docs-internal-guid-50f923a9-7fff-bc14-a4b4-d860921d05b1\"\u003eThe Invest Atlanta Board of Directors approved the 2021 Housing Opportunity Bond Program, which includes $50 million Taxable Draw-Down Bonds and $100 million Taxable Revenue Bonds. This is the third and largest issuance of Housing Opportunity Bonds sponsored by the City of Atlanta to fund housing programs. Previous issuances were in 2007 and 2017, totaling $75 million.\u003c/span\u003e\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u003cspan\u003e\u0026ldquo;The Housing Opportunity Program has been very creative and prolific in terms of housing production in Atlanta,\u0026rdquo; said Alan Ferguson\u003c/span\u003e, senior vice president of Community Development at Invest Atlanta. \u0026ldquo;Previous issuances have supported over 3,000 affordable housing units, and we expect that level of production and more with this issuance.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u003cspan\u003eThe majority of the capital will be allocated for projects and developments in the form of loans. As with previous Housing Opportunity Bond issuances, repayments to the loans are collected in a separate account and reallocated to support the needs of various programs \u0026ndash; such as additional down payment assistance and multifamily gap financing. \u0026ldquo;These funds will be recycled and will come back over time,\u0026rdquo; said Ferguson. \u0026ldquo;We\u0026rsquo;ll use those proceeds to create additional units going forward.\u0026rdquo;\u003c/span\u003e\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u003cspan\u003eInitially, this program was to be introduced in early 2020, about the time the pandemic hit. But\u0026nbsp; because of revenue uncertainty, it was placed on hold until another viable solution could be found. \u0026ldquo;This is a really big deal,\u0026rdquo; said Atlanta Mayor Keisha Lance Bottoms at a recent Invest Atlanta board meeting, \u0026ldquo;especially in the midst of where we are with the economy and the pandemic.\u003c/span\u003e\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Homebuying/ Homeownership\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n \n\u003c/span\u003e\n"},{"id":370,"title":"New Affordable Housing Coming to Greenbriar Community","promo_title":"New Affordable Housing Coming to Greenbriar Community","published_date":"2020-12-21","featured_image":{"id":1450,"parent_id":5,"resource_file_name":"greenbriar_developments.png","resource_content_type":"image/png","resource_file_size":347461,"resource_updated_at":"2020-12-21T11:53:40.252-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2020-12-21T11:53:40.291-05:00","updated_at":"2020-12-21T11:54:59.625-05:00","filename_hash":"greenbriar_developments_1O7m2K2.png","width":600,"height":300},"filename":"new-affordable-housing-coming-to-greenbriar-community","meta_data_id":null,"published":true,"token":"VMza2Q","created_at":"2020-12-21T11:54:59.590-05:00","updated_at":"2020-12-21T11:54:59.590-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n District 11 and the Greenbriar neighborhood will soon have two new affordable housing developments \u0026ndash; one being a multifamily, mixed-income housing unit and another targeted for seniors.\n\u003c/div\u003e\n","project_year":"2020","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp dir=\"ltr\"\u003e\u003cspan id=\"docs-internal-guid-1b69d33a-7fff-6ef7-5936-5183e4723d2b\"\u003eDistrict 11 and the Greenbriar neighborhood will soon have two new affordable housing developments \u0026ndash; one being a multifamily, mixed-income housing unit and another targeted for seniors.\u003c/span\u003e\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u003cspan\u003eThe construction of a new, 240-unit, multifamily, mixed-income housing development on Greenbriar Parkway was approved by the Invest Atlanta Board using a $29.5 million tax-exempt loan from the Urban Residential Finance Authority. Affordability ranges from 80% Area Median Income (AMI) to 50% AMI.\u003c/span\u003e\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u003cspan\u003eThe Invest Atlanta Board also approved a $28.5 million tax-exempt loan for the construction of a new, 244-unit senior housing development on Greenbriar Parkway. Affordability ranges from 80% Area Median Income (AMI) to 50% AMI.\u003c/span\u003e\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u003cspan\u003e\u0026ldquo;We believe this level of income and this level of units will be tremendously beneficial in terms of supporting other services and retail within the Greenbriar corridor,\u0026rdquo; said Alan Ferguson\u003c/span\u003e, senior vice president of Community Development at\u0026nbsp;Invest Atlanta. \u0026ldquo;This is a big day for District 11 and the Greenbriar area. It\u0026rsquo;s bringing a lot of rooftops and a lot of new quality housing to the community.\u0026rdquo;\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Southside\n\u003c/span\u003e\n"},{"id":372,"title":"New BeltLine-Adjacent Affordable Housing","promo_title":"New BeltLine-Adjacent Affordable Housing","published_date":"2020-12-21","featured_image":{"id":1452,"parent_id":5,"resource_file_name":"screen_shot_2020-12-21_at_1.04.38_pm.png","resource_content_type":"image/png","resource_file_size":3061123,"resource_updated_at":"2020-12-21T13:05:58.999-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2020-12-21T13:05:59.120-05:00","updated_at":"2020-12-21T13:10:22.321-05:00","filename_hash":"screen_shot_2020-12-21_at_1.04.38_pm_zmBlEbD.png","width":1958,"height":1270},"filename":"new-beltline-adjacent-affordable-housing","meta_data_id":null,"published":true,"token":"YSVlvg","created_at":"2020-12-21T13:10:22.295-05:00","updated_at":"2020-12-21T13:10:22.295-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n Construction of 160 new, mixed-income affordable housing targeted for seniors will soon begin at 1265 Lakewood Ave. The development, located adjacent to the BeltLine in the Chosewood Park community, was approved for final bond resolution by the Invest Atlanta Board.\n\u003c/div\u003e\n","project_year":"2020","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp dir=\"ltr\"\u003e\u003cspan id=\"docs-internal-guid-4e4eb38e-7fff-bfcc-08cf-31c06569af61\"\u003eConstruction of 160 new, mixed-income affordable housing targeted for seniors will soon begin at 1265 Lakewood Ave. The development, located adjacent to the BeltLine in the Chosewood Park community, was approved for final bond resolution by the Invest Atlanta Board.\u003c/span\u003e\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u003cspan\u003eAmenities will include a community room with kitchen, fitness center, business center, wellness room, interior gathering areas, laundry room and a community garden. There also will be ongoing residential activities designed to meet the needs of the community.\u003c/span\u003e\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u003cspan\u003eAccording to Alan Ferguson\u003c/span\u003e, senior vice president of Community Development at\u0026nbsp;Invest Atlanta, seniors are one of the fastest-growing demographics in Atlanta. \u0026ldquo;The demand for affordable senior housing is tremendous,\u0026rdquo; said Ferguson. \u0026ldquo;Every project that we\u0026rsquo;ve completed over the past seven years focused on senior housing has leased up within less than 60 days, without exception. We expect this project to perform similarly well.\u0026rdquo;\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Southside\n\u003c/span\u003e\n"},{"id":371,"title":"Mixed Income, Mixed Opportunities at Stanton Park","promo_title":"Mixed Income, Mixed Opportunities at Stanton Park","published_date":"2020-12-21","featured_image":{"id":1451,"parent_id":5,"resource_file_name":"screen_shot_2020-12-18_at_10.01.44_am.png","resource_content_type":"image/png","resource_file_size":3354350,"resource_updated_at":"2020-12-21T13:01:23.308-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2020-12-21T13:01:23.430-05:00","updated_at":"2020-12-21T13:02:35.812-05:00","filename_hash":"screen_shot_2020-12-18_at_10.01.44_am_XJZ5y64.png","width":1976,"height":1134},"filename":"mixed-income-mixed-opportunities-at-stanton-park","meta_data_id":null,"published":true,"token":"FOfuzA","created_at":"2020-12-21T13:02:35.787-05:00","updated_at":"2020-12-21T13:02:35.787-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n Financing for the construction of 56 new, multifamily affordable housing units located on Hank Aaron Drive in the Peoplestown neighborhood has been approved by the Invest Atlanta board through a $6.5 million tax-exempt loan. Affordability will range from 80% Area Median Income (AMI) to 30% AMI.\u0026nbsp;\n\u003c/div\u003e\n","project_year":"2020","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp dir=\"ltr\"\u003e\u003cspan id=\"docs-internal-guid-5446f808-7fff-28ac-05c0-1d050fbdcb85\"\u003eFinancing for the construction of 56 new, multifamily affordable housing units located on Hank Aaron Drive in the Peoplestown neighborhood has been approved by the Invest Atlanta board through a $6.5 million tax-exempt loan. Affordability will range from 80% Area Median Income (AMI) to 30% AMI.\u003c/span\u003e\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u003cspan\u003eAccording to Alan Ferguson\u003c/span\u003e, senior vice president of Community Development at\u0026nbsp;Invest Atlanta, the units earmarked for 30% AMI are for participants in the Partners for HomeFirst program and will be available for families and households transitioning from homelessness into permanent supportive housing. They also will receive vouchers from Atlanta Housing, the city\u0026rsquo;s housing authority.\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u003cspan\u003e\u0026ldquo;We like to see a mix of incomes in regards to affordability, as well as opportunities to incorporate permanent supportive housing in our developments,\u0026rdquo; said Ferguson. \u0026ldquo;This truly creates a mixed-income, mixed-opportunity housing environment for our residents in the City of Atlanta.\u0026rdquo;\u003c/span\u003e\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Peoplestown\n\u003c/span\u003e\n"},{"id":362,"title":"The Simpson Brings More Affordable Housing to Atlanta","promo_title":"The Simpson Brings More Affordable Housing to Atlanta","published_date":"2020-11-24","featured_image":{"id":1439,"parent_id":5,"resource_file_name":"screen_shot_2020-11-18_at_5.17.50_pm.png","resource_content_type":"image/png","resource_file_size":1107180,"resource_updated_at":"2020-11-24T16:29:48.467-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2020-11-24T16:29:48.923-05:00","updated_at":"2020-11-25T10:01:20.774-05:00","filename_hash":"screen_shot_2020-11-18_at_5.17.50_pm_5EJWery.png","width":2054,"height":1392},"filename":"the-simpson-brings-more-affordable-housing-to-atlanta","meta_data_id":null,"published":true,"token":"7uTQxg","created_at":"2020-11-24T16:31:31.261-05:00","updated_at":"2020-11-25T10:01:20.752-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n The Invest Atlanta Board approved a $15.5 million tax exempt loan for the new construction of 139 multi-family housing units in the Vine City neighborhood on Joseph E. Boone Boulevard.\u0026nbsp;\n\u003c/div\u003e\n","project_year":"2020","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp dir=\"ltr\"\u003e\u003cspan id=\"docs-internal-guid-efee9a49-7fff-7c42-0088-fc8a26d14f04\"\u003eThe Invest Atlanta Board approved a $15.5 million tax exempt loan for the new construction of 139 multi-family housing units in the Vine City neighborhood on Joseph E. Boone Boulevard. The Simpson, which is scheduled to be complete in 2023, will feature a clubhouse, fitness center, picnic area, gated entry, gazebo, business center and job training for residents.\u003c/span\u003e\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u003cspan\u003eAccording to Alan Ferguson\u003c/span\u003e, senior vice president of Community Development at\u0026nbsp;Invest Atlanta, all of the units will be affordable, ranging in incomes from 80 percent Area Median Income (AMI) to 30 percent using the income-averaging strategy. \u0026ldquo;This project not only promotes income diversity,\u0026rdquo; says Ferguson, \u0026ldquo;it also allows us to serve lower income residents without the use of public subsidy.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003e\u003cspan\u003e\u0026ldquo;I\u0026rsquo;m really excited about this project,\u0026rdquo; adds Randy Hazelton, Invest Atlanta board member. \u0026ldquo;The developer has done some particularly good work not only engaging the community but also involving them in the process to bring this project to fruition. And, it\u0026rsquo;s got a great affordable allocation.\u0026rdquo;\u003c/span\u003e\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Downtown\n\u003c/span\u003e\n"},{"id":355,"title":"Funding Approved for Renovations to The New Villages of Castleberry Hill","promo_title":"Funding Approved for Renovations to The New Villages of Castleberry Hill","published_date":"2020-10-19","featured_image":{"id":1407,"parent_id":5,"resource_file_name":"screen_shot_2020-10-19_at_9.57.59_am.png","resource_content_type":"image/png","resource_file_size":3024383,"resource_updated_at":"2020-10-19T13:06:36.592-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2020-10-19T13:06:37.380-04:00","updated_at":"2020-10-19T13:08:46.337-04:00","filename_hash":"screen_shot_2020-10-19_at_9.57.59_am_QgjjEE2.png","width":1672,"height":974},"filename":"funding-approved-for-renovations-to-the-new-villages-of-castleberry-hill","meta_data_id":null,"published":true,"token":"nMw8aA","created_at":"2020-10-19T13:08:46.305-04:00","updated_at":"2020-10-19T13:08:46.305-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n Tapestry Development Group and H.J. Russell \u0026amp; Company will begin the rehabilitation of The New Villages of Castleberry Hill on Greensferry Avenue. The 28-acre, 284-unit community was built in 2000 and is located blocks away from Mercedes-Benz Stadium, Georgia Aquarium, Centennial Olympic Park and the downtown area.\u0026nbsp;\u003cbr /\u003e\r\n\n\u003c/div\u003e\n","project_year":"2020","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eTapestry Development Group and H.J. Russell \u0026amp; Company will begin the rehabilitation of The New Villages of Castleberry Hill on Greensferry Avenue. The 28-acre, 284-unit community was built in 2000 and is located blocks away from Mercedes-Benz Stadium, Georgia Aquarium, Centennial Olympic Park and the downtown area.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eA $29,500,000 Tax Exempt Loan Inducement Resolution and a $12,525,000 Series B Taxable Bond Loan approved by the Invest Atlanta Board greenlights Phase II rehabilitation to upgrade the units and position them for continued sustainability and marketability.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;I want to thank Invest Atlanta for supporting this project,\u0026rdquo; said Atlanta City Councilmember Cleta Winslow, District 4, at Invest Atlanta\u0026rsquo;s September 2020 board meeting. \u0026ldquo;It\u0026rsquo;s an important project for Southwest Atlanta. It speaks to what Mayor Bottoms has continuously said about affordable housing, and even though it\u0026rsquo;s not adding housing, it\u0026rsquo;s stabilizing the affordable housing units that we already have, which is important.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eRenovations will take place over 18 months and will include new appliances, painting, flooring, additional building lighting, site work and system upgrades. There are 114 units at or below 50% AMI, 57 units at or below 60% AMI, 57 at or below 80% AMI and 56 units at market rate.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Renting\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n South Downtown\n\u003c/span\u003e\n"},{"id":356,"title":"Coming to the Chosewood Park Community: Affordable Senior Housing","promo_title":"Coming to the Chosewood Park Community: Affordable Senior Housing","published_date":"2020-10-19","featured_image":{"id":1408,"parent_id":5,"resource_file_name":"chosewood_park.png","resource_content_type":"image/png","resource_file_size":5187896,"resource_updated_at":"2020-10-19T13:21:33.273-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2020-10-19T13:21:33.439-04:00","updated_at":"2020-10-19T13:21:57.945-04:00","filename_hash":"chosewood_park_r6QQ1lR.png","width":2124,"height":1506},"filename":"coming-to-the-chosewood-park-community-affordable-senior-housing","meta_data_id":null,"published":true,"token":"Hcotiw","created_at":"2020-10-19T13:21:57.920-04:00","updated_at":"2020-10-19T13:21:57.920-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n Seniors represent one of Atlanta\u0026rsquo;s fastest-growing demographics, and construction of a 160-unit, multi-family housing development will create more affordable housing for them, thanks to a $1 million BeltLine Tax Allocation District (TAD) \u0026ndash; Affordable Housing Increment Fund Grant.\u0026nbsp;\n\u003c/div\u003e\n","project_year":"2020","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eSeniors represent one of Atlanta\u0026rsquo;s fastest-growing demographics, and construction of a 160-unit, multi-family housing development will create more affordable housing for them, thanks to a $1 million BeltLine Tax Allocation District (TAD) \u0026ndash; Affordable Housing Increment Fund Grant.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eThe project, located on Lakewood Avenue, had been previously induced for tax-exempt loan bond financing, but development was delayed due to an increase in construction costs. The BeltLine TAD grant will help fill the financing gap and allow the project to close and move forward.\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eThere will be 26 units available at 50% AMI or below, 121 at 60% AMI or below and 13 at 80% AMI or below. Residents will pay no more than 30% of their income.\u003c/p\u003e\r\n\r\n\u003cp\u003eLocated in the Chosewood Park community, the Lakewood development will include a community room with kitchen, fitness center, business center with computer stations, wellness room, interior gathering areas, laundry room and community garden.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Renting\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Southside\n\u003c/span\u003e\n"},{"id":352,"title":"Financing Approved to Renovate and Develop Affordable Housing","promo_title":"Financing Approved to Renovate and Develop Affordable Housing","published_date":"2020-09-21","featured_image":{"id":1380,"parent_id":5,"resource_file_name":"sept_board_affordable_housing_update.png","resource_content_type":"image/png","resource_file_size":443242,"resource_updated_at":"2020-09-21T13:28:51.359-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2020-09-21T13:28:51.403-04:00","updated_at":"2020-09-23T13:31:24.885-04:00","filename_hash":"sept_board_affordable_housing_update_qNDV52l.png","width":600,"height":400},"filename":"financing-approved-to-renovate-and-develop-affordable-housing","meta_data_id":null,"published":true,"token":"IPkpJg","created_at":"2020-09-21T13:29:10.474-04:00","updated_at":"2020-09-23T13:31:24.862-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n The Invest Atlanta Board of Directors approved financing for Town West Manor and City Lights II \u0026ndash; two housing projects that will build and renovate almost 200 units of affordable housing.\n\u003c/div\u003e\n","project_year":"2000","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eThe Invest Atlanta Board of Directors approved financing for Town West Manor and City Lights II \u0026ndash; two housing projects that will build and renovate almost 200 units of affordable housing.\u003c/p\u003e\r\n\r\n\u003ch3\u003eTown West Manor\u003c/h3\u003e\r\n\r\n\u003cp\u003eThe Invest Atlanta Board approved a $13,000,000 Tax Exempt Loan Bond Resolution for the acquisition and rehabilitation of 108 units of multifamily housing in Council District 10.\u003c/p\u003e\r\n\r\n\u003cp\u003eLocated at 330 Brownlee Rd.,Towne West Manor is an existing multifamily complex. Upgrades will include replacing heating units and A/Cs, pole lights, outdated smoke detectors and upgrading kitchen units.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe current design and unit mix are garden style and townhome. Amenities include a central laundry facility, washer/dryer connections, picnic area and access to public transportation. There are five units at or below 50% Area Median Income (AMI), 98 units at or below 60% and five units at or below 70% AMI.\u003c/p\u003e\r\n\r\n\u003ch3\u003eCity Lights II\u003c/h3\u003e\r\n\r\n\u003cp\u003eThe Atlanta Development Authority received financing approval for the construction of a new, five-story building in the Old Fourth Ward community.\u003c/p\u003e\r\n\r\n\u003cp\u003eCity Lights will be easily accessible and conveniently located near several MARTA bus stops, restaurants and the Historic Fourth Ward Park. It will have 88 units of multifamily housing \u0026ndash; all of which will be at 60% Area Median Income or below.\u003c/p\u003e\r\n\r\n\u003cp\u003eProperty amenities will include a community room, fitness center, business center with computer stations, private courtyard, after-school program, central laundry facility on each floor and access to public transportation.\u003c/p\u003e\r\n\r\n\u003cp\u003eIn 2020 to date, Invest Atlanta has closed 10 multifamily housing transactions that will create 1,016 affordable housing units in neighborhoods where additional housing options are needed.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Renting\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Old Fourth Ward\n\u003c/span\u003e\n"},{"id":347,"title":"Invest Atlanta Approves Financing for 230 Units of Multifamily Housing in East Lake","promo_title":"230 Units of Multifamily Housing Approved for East Lake","published_date":"2020-08-26","featured_image":{"id":1372,"parent_id":1,"resource_file_name":"tama2.jpg","resource_content_type":"image/jpeg","resource_file_size":157793,"resource_updated_at":"2020-08-26T12:57:48.940-04:00","caption":"Tama Glenwood","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":2,"created_at":"2020-08-26T12:57:48.975-04:00","updated_at":"2020-08-26T13:04:36.147-04:00","filename_hash":"tama2_Lg2X5Kr.jpg","width":1209,"height":750},"filename":"invest-atlanta-approves-financing-for-230-units-of-multifamily-housing-in-east-lake","meta_data_id":null,"published":true,"token":"869ucg","created_at":"2020-08-26T12:59:14.213-04:00","updated_at":"2020-08-26T13:04:36.114-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n \n\u003c/div\u003e\n","project_year":"2020","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eThe Invest Atlanta Board of Directors approved lease-purchase bond financing for Tama Glenwood, a 230-unit multifamily housing and retail development on Glenwood Avenue.\u003c/p\u003e\r\n\r\n\u003cp\u003eConvenient to MARTA, Publix, and the YMCA, Tama Glenwood will feature 39 units at 80 percent Annual Median Income (AMI) and approximately 8,000 SF of retail in the East Lake community. The developer, Perennial Properties, will seek local small businesses to occupy the commercial/retail space and plans to connect those businesses to services that support their growth and viability. The amenities of the property will include a co-working space with computers, community room, fitness center, pool, private courtyard and grills.\u003c/p\u003e\r\n\r\n\u003cp\u003eThis project is a part of the comprehensive vision for Villages of East Lake to be a mixed-income community, providing an attractive housing option for moderate to middle-income households.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n \n\u003c/span\u003e\n"},{"id":346,"title":"Invest Atlanta Approves Financing for Construction of 209 Units of Affordable Multifamily Housing","promo_title":"209 Units of Affordable Housing Coming to Bolton Road","published_date":"2020-08-26","featured_image":{"id":1371,"parent_id":1,"resource_file_name":"the_reserve_1.jpg","resource_content_type":"image/jpeg","resource_file_size":168157,"resource_updated_at":"2020-08-26T12:51:37.352-04:00","caption":"The Reserve at Bolton Road","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":2,"created_at":"2020-08-26T12:51:37.388-04:00","updated_at":"2020-08-26T13:07:09.900-04:00","filename_hash":"the_reserve_1_QgQXr5g.jpg","width":1165,"height":725},"filename":"invest-atlanta-approves-financing-for-construction-of-209-units-of-affordable-multifamily-housing","meta_data_id":null,"published":true,"token":"l2-YHQ","created_at":"2020-08-26T12:52:09.314-04:00","updated_at":"2020-08-26T13:07:09.866-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n \n\u003c/div\u003e\n","project_year":"2020","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eThe Urban Residential Finance Authority (URFA) Board of Directors, as part of Invest Atlanta, has approved financing for the construction of 209 units of affordable multifamily housing.\u0026nbsp;The Reserve at Bolton Road will be located at 1070 Bolton Road with close proximity to Interstate 285 and Donald Lee Hollowell Parkway.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe Reserve at Bolton Road, developed by KCG Development, LLC, will contain 43 units at or below 40 percent Area Median Income (AMI), 133 units at or below 69 percent AMI and 33 units at or below 80 percent AMI. The property amenities will include a clubhouse/leasing office, swimming pool, laundry facility, exercise room, picnic and playground areas.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe Board approved a $22,500,000 tax-exempt\u0026nbsp;loan to finance this development.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n \n\u003c/span\u003e\n"},{"id":340,"title":"Invest Atlanta Approves Financing for Construction of 108 Units of Affordable Senior Housing","promo_title":"108 Units of Affordable Senior Housing Coming to Adamsville Neighborhood","published_date":"2020-07-28","featured_image":{"id":1301,"parent_id":1,"resource_file_name":"109124236_3475774935788733_3898905104437609280_o.jpg","resource_content_type":"image/jpeg","resource_file_size":90174,"resource_updated_at":"2020-07-28T16:52:51.106-04:00","caption":"Harmony Bakers Ferry","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":2,"created_at":"2020-07-28T16:52:51.149-04:00","updated_at":"2025-01-31T13:07:42.319-05:00","filename_hash":"109124236_3475774935788733_3898905104437609280_o_p5yN4bj.jpg","width":1080,"height":680},"filename":"invest-atlanta-approves-financing-for-construction-of-108-units-of-affordable-senior-housing","meta_data_id":null,"published":true,"token":"6QpiUw","created_at":"2020-07-28T16:54:32.893-04:00","updated_at":"2020-07-28T16:55:04.129-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n \n\u003c/div\u003e\n","project_year":"2020","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp dir=\"ltr\"\u003eThe Invest Atlanta Board of Directors approved financing for Harmony at Bakers Ferry, a 108-unit affordable housing development for seniors aged 55 and over. All 108 units will be available at 60 percent Area Median Income (AMI).\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003eLed by GNTH Developments, LLC and Atlanta Housing, this new construction will be located at 3650 Bakers Ferry Road in the Adamsville neighborhood. The three-story building will offer units equipped with HVAC, energy star refrigerators and dishwashers, stove, microwave oven and a powder-based stovetop fire suppression canister installed above the range cook-top. The amenities will include a community room, computer center, on-site laundry, exercise room, covered drop-off/pick-up area, and covered picnic area with grills.\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003eThe Board approved a $15 million tax-exempt loan for this development.\u003c/p\u003e\r\n\r\n\u003cdiv\u003e\u0026nbsp;\u003c/div\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n \n\u003c/span\u003e\n"},{"id":329,"title":"Predevelopment Assistance Funding Approved for Mixed-Use Redevelopment in Campbellton Road TAD","promo_title":"Predevelopment Assistance Funding for Briarwood Mixed-Use Project","published_date":"2020-05-21","featured_image":{"id":1219,"parent_id":5,"resource_file_name":"briarwood.png","resource_content_type":"image/png","resource_file_size":1147391,"resource_updated_at":"2020-05-21T15:43:54.474-04:00","caption":"briarwood2","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":2,"created_at":"2020-05-21T15:43:54.560-04:00","updated_at":"2020-05-21T15:53:15.666-04:00","filename_hash":"briarwood_BxB3wVO.png","width":1080,"height":1080},"filename":"predevelopment-assistance-funding-approved-for-mixed-use-redevelopment-in-campbellton-road-tad","meta_data_id":null,"published":true,"token":"4wagXA","created_at":"2020-05-21T15:37:16.968-04:00","updated_at":"2020-05-21T15:53:15.621-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n \n\u003c/div\u003e\n","project_year":"2020","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp dir=\"ltr\"\u003eThe Invest Atlanta Board of Directors has approved funding from the Campbellton Road TAD Predevelopment Assistance Fund to redevelop approximately 11 acres immediately across from Greenbriar Mall.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eRiddle Property Group will receive up to $250,000 to provide mezzanine loan funds for the Briarwood redevelopment project, a $42 million mixed-use district comprised of affordable housing, medical offices, retail and other public amenities.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eThe project will bring affordable housing, amenities and job opportunities to Southwest Atlanta, while activating a parcel of land that has been under-utilized in past years. The redevelopment includes 123 apartments, with 51 percent of those units offered at or below 60 percent AMI (Area Median Income).\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eInvest Atlanta launched the \u003ca href=\"about:blank\"\u003ePredevelopment Assistance Fund\u003c/a\u003e\u0026nbsp;earlier this year to develop or significantly rehabilitate affordable workforce housing and neighborhood-scale commercial property within the Perry-Bolton TAD, Westside TAD and Campbellton Road TAD areas.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cdiv\u003e\u0026nbsp;\u003c/div\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n \n\u003c/span\u003e\n"},{"id":326,"title":"Invest Atlanta Approves Eastside TAD Grant for Multifamily Development Adjacent to Mercy Care Clinic","promo_title":"Eastside TAD Approved for Affordable Housing Near Mercy Care Clinic","published_date":"2020-04-16","featured_image":{"id":1173,"parent_id":5,"resource_file_name":"mcauley_park.jpg","resource_content_type":"image/jpeg","resource_file_size":116348,"resource_updated_at":"2020-04-16T11:16:58.635-04:00","caption":"McAuley Park","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":2,"created_at":"2020-04-16T11:16:58.676-04:00","updated_at":"2020-05-19T14:50:42.911-04:00","filename_hash":"mcauley_park_ZOvPN39.jpg","width":1012,"height":621},"filename":"invest-atlanta-approves-eastside-tad-grant-for-multifamily-development-adjacent-to-mercy-care-clinic","meta_data_id":null,"published":true,"token":"POrtpQ","created_at":"2020-04-16T11:17:58.080-04:00","updated_at":"2020-05-19T14:50:42.873-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n \n\u003c/div\u003e\n","project_year":"2020","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp dir=\"ltr\"\u003eThe Invest Atlanta Board of Directors has approved a $4 million grant from the Eastside TAD (Tax Allocation District) Ascension Fund to support construction of the first phase of McAuley Park, a multifamily development adjacent to the Mercy Care clinic in Southeast Atlanta.\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003eThe developer Pennrose, LLC (Pennrose), along with Saint Joseph\u0026rsquo;s Health System, Inc. (Mercy Care) have partnered together to improve health outcomes and decrease health care costs of traditionally underserved populations.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003eThe first phase of McAuley Park will include a 180-unit multifamily development and 367-space parking deck that will serve both the multifamily development and the Mercy Care medical clinic. The development will offer 135 units at or below 60% AMI (Area Median Income) with 10 units controlled by Mercy Care to provide respite housing for patients.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003eOnce complete, the master development will include a renovated and significantly expanded Mercy Care clinic and central office, 100 units of affordable senior housing, 180 units of mixed-income family housing and a 367-space parking deck to accommodate both the medical building and the family housing.\u0026nbsp; This multi-phased, mixed-use/mixed-income project addresses an important need and demand for affordable housing in the City of Atlanta, specifically close to downtown and MARTA rail.\u003c/p\u003e\r\n\r\n\u003cp dir=\"ltr\"\u003eMercy Care was established in 1985 to bring healthcare to the most vulnerable, with a strong emphasis on serving the homeless. Mercy Care operates six permanent clinics as well as five mobile medical coaches throughout metro Atlanta.\u003c/p\u003e\r\n\r\n\u003cdiv\u003e\u0026nbsp;\u003c/div\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n \n\u003c/span\u003e\n"},{"id":315,"title":"Invest Atlanta Board Supports the Construction of Stanton Park Apartments, Including 56 Affordable Housing Units","promo_title":"Additional Affordable Housing Coming to Peoplestown","published_date":"2020-01-17","featured_image":{"id":1089,"parent_id":5,"resource_file_name":"stanton_park.jpg","resource_content_type":"image/jpeg","resource_file_size":187088,"resource_updated_at":"2020-01-17T09:17:31.605-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2020-01-17T09:17:31.648-05:00","updated_at":"2020-01-17T09:23:17.831-05:00","filename_hash":"stanton_park_jpaboyV.jpg","width":1044,"height":529},"filename":"invest-atlanta-board-supports-stanton-park-apartments","meta_data_id":null,"published":true,"token":"9iXJfg","created_at":"2020-01-17T09:19:57.389-05:00","updated_at":"2020-01-17T09:23:17.810-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n \n\u003c/div\u003e\n","project_year":"2020","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eThe board of Invest Atlanta has approved a loan of up to $2 million in Beltline tax allocation district (TAD) funding to finance the construction of 56 affordable multifamily housing units\u0026nbsp;on Atlanta\u0026rsquo;s south side.\u003c/p\u003e\r\n\r\n\u003cp\u003eStanton Park Apartments, developed by Woda Cooper Company, Inc. and Parallel Housing, Inc., will be located at the corner of Boynton Avenue and Hank Aaron Drive.\u0026nbsp; Woda Cooper Companies is responsible for two other affordable housing developments in the area.\u0026nbsp; \u003ca href=\"https://beltline.org/2016/09/29/a-warm-welcome-home-to-stanton-oaks/\"\u003eStanton Oaks\u003c/a\u003e, completed in 2016, renovated the former Boynton Village apartments into 43 units of multifamily housing in Peoplestown. Most recently, in November 2019, Adair Court, opened in southwest Atlanta near the Atlanta BeltLine Westside Trail. \u003ca href=\"https://www.investatlanta.com/impact-insights/adair-court-senior-mixed-income-community-opens-near-westside-atlanta-beltline-trail\"\u003eAdair Court\u003c/a\u003e is a 91-unit mixed-income rental community geared toward seniors aged 55 years and above.\u003c/p\u003e\r\n\r\n\u003cp\u003eStanton Park Apartments will also offer affordable housing options. Of the 56 units, 44 will be set aside for individuals earning at or below 60 percent area mean income (AMI). Invest Atlanta Board of Directors member Fred Smith remarked, \u0026ldquo;It\u0026rsquo;s great to see the income averaging in this project.\u0026nbsp; Folks of different income ranges will be living together.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eAnother exciting component of the project is that it takes an innovative approach to address homelessness.\u0026nbsp; Developers collaborated with Partners for HOME, a nonprofit which manages the Atlanta continuum of care for homeless services, to help with providing funding for the units set aside for individuals earning less than 30 percent AMI.\u0026nbsp; Said Smith, \u0026ldquo;This is the second project we\u0026rsquo;ve seen where the Partners for Home component of homelessness is built into it, and that\u0026rsquo;s fantastic.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eAmenities on the property will include a community room, business center with computer stations, basketball court, and a central laundry facility.\u0026nbsp; Additionally, Stanton Park Apartments is conveniently located near public transportation.\u003c/p\u003e\r\n\r\n\u003cp\u003eFinancing partners for Stanton Park Apartments include URFA (tax-exempt loan), ADA (Beltline TAD), DCA (tax credits), CREA (federal/state LIHTC investor), Merchants Capital (construction and permanent lender), and Partners for HOME (Atlanta HomeFirst grant).\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n \n\u003c/span\u003e\n"},{"id":314,"title":"Herndon Square to bring 97 units of affordable seniors housing to English Avenue neighborhood","promo_title":"Herndon Square Affordable Housing Development Underway","published_date":"2020-01-08","featured_image":{"id":1081,"parent_id":5,"resource_file_name":"herndon_square.jpg","resource_content_type":"image/jpeg","resource_file_size":6660608,"resource_updated_at":"2020-01-08T16:57:56.928-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2020-01-08T16:57:57.591-05:00","updated_at":"2020-01-08T17:08:05.933-05:00","filename_hash":"herndon_square_OPMVrM9.jpg","width":4608,"height":3456},"filename":"herndon-square-affordable-housing-development-underway","meta_data_id":null,"published":true,"token":"M6Kojg","created_at":"2020-01-08T17:02:30.806-05:00","updated_at":"2020-01-08T17:08:05.914-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n \n\u003c/div\u003e\n","project_year":"2000","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eOn January 7, 2020, Atlanta Mayor Keisha Lance Bottoms joined Atlanta Housing, Invest Atlanta, and other city officials to break ground on the first phase of the highly anticipated Herndon Square project. The $23.9 million, 97-unit development will offer affordable housing to seniors above the age of 62, as well as bringing additional economic activity and jobs to the Westside.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;This is an historic day for Atlanta, the Westside and the English Avenue community,\u0026rdquo; said Mayor Bottoms. \u0026ldquo;Thank you to Atlanta Housing and all of our partners for investing in our communities and understanding the importance of alleviating the burden associated with a lack of affordable housing. This Administration will utilize every available tool and resource to continue to create quality, affordable housing for all who call Atlanta home.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eThe Hunt Companies and Oakwood Development Group project will be located in the English Avenue neighborhood at 464 Cameron Madison Alexander Blvd. The first phase of Herndon Square will consist of 87 one-bedroom/one-bath apartments and 10 two-bedroom/two-bath apartments, as well as greenspace and retail space.\u0026nbsp; Residents will pay no more than 30 percent of their income towards rent, as 100 percent of the units are covered under a HomeFlex Contract with Atlanta Housing. Amenities will include card access at entry points, health and business centers, and a fitness center.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe future four phases of the project will include varying percentages of market-rate and affordable units. The last phase will consist of 32 for-sale townhome units, seven of which will be available for residents earning less than 120% AMI (area median income).\u003c/p\u003e\r\n\r\n\u003cp\u003eIn remarks, Invest Atlanta\u0026rsquo;s CEO, Eloisa Klementich, noted that Mayor Bottoms, in her role as Invest Atlanta board chair, is \u0026ldquo;setting the tone\u0026rdquo; for Invest Atlanta to continue to find more opportunities to create affordable housing through equitable development projects.\u003c/p\u003e\r\n\r\n\u003cp\u003eInvest Atlanta supported Herndon Square through $12.4 million in tax-exempt bond financing. Other financing parties include the Georgia Department of Community Affairs, the Westside Future Fund, Hunt Capital Partners, and Atlanta Housing.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n \n\u003c/span\u003e\n"},{"id":312,"title":"Board Greenlights Expansion of City Lights Affordable Living Community","promo_title":" Board Greenlights Expansion of City Lights Affordable Community","published_date":"2019-12-24","featured_image":{"id":512,"parent_id":5,"resource_file_name":"city-lights-2_rendering_main.png","resource_content_type":"image/png","resource_file_size":1002626,"resource_updated_at":"2018-02-06T15:02:43.943-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":2,"created_at":"2018-02-06T15:02:43.982-05:00","updated_at":"2019-12-24T08:34:05.064-05:00","filename_hash":"city-lights-2_rendering_main_RJNvPDD.png","width":1073,"height":494},"filename":"board-greenlights-expansion-of-city-lights-affordable-living-community","meta_data_id":null,"published":true,"token":"piT2Cw","created_at":"2019-12-24T08:30:10.192-05:00","updated_at":"2019-12-24T08:34:05.044-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n \n\u003c/div\u003e\n","project_year":"2019","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eThe Invest Atlanta board approved $38 million in lease-purchase bond financing for Wingate Companies to develop an additional 124 multifamily affordable rental units at City Lights in the Old Fourth Ward.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe five-story new construction building is located at Boulevard and Parkway Drive and is the second phase of the City Lights affordable development. The affordable units will be available to households earning 60 percent AMI (area median income) or below, and residents will pay no more than 30 percent of their income in rent.\u003c/p\u003e\r\n\r\n\u003cp\u003eIn addition to its proximity to Historic Fourth Ward Park, City Lights is conveniently located near several MARTA bus stops and restaurants.\u0026nbsp; Amenities on the property include a community room, fitness center, business center with computer stations, private courtyard, after school program, central laundry facility on each floor, and access to public transportation.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Eastside\n\u003c/span\u003e\n"},{"id":308,"title":"Adair Court Senior Mixed-Income Community Opens Near Westside Atlanta BeltLine Trail","promo_title":"Adair Court Senior Mixed-Income Community Opens Near Westside Atlanta BeltLine Trail","published_date":"2019-11-19","featured_image":{"id":1069,"parent_id":5,"resource_file_name":"adair_court_ribbon.png","resource_content_type":"image/png","resource_file_size":1529669,"resource_updated_at":"2019-11-22T10:17:51.569-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":2,"created_at":"2019-11-22T10:17:51.646-05:00","updated_at":"2019-11-22T10:18:15.520-05:00","filename_hash":"adair_court_ribbon_p54LByb.png","width":1200,"height":615},"filename":"adair-court-senior-mixed-income-community-opens-near-westside-atlanta-beltline-trail","meta_data_id":null,"published":true,"token":"7Zg2iA","created_at":"2019-11-22T10:18:15.481-05:00","updated_at":"2019-11-22T10:18:15.481-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n Seniors in the Adair Park neighborhood of southwest Atlanta now have access to a new mixed-income rental community near the Atlanta BeltLine Westside Trail following the highly awaited ribbon-cutting ceremony of Adair Court.\u003cbr /\u003e\r\n\n\u003c/div\u003e\n","project_year":"2019","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eSeniors in the Adair Park neighborhood of southwest Atlanta now have access to a new mixed-income rental community near the Atlanta BeltLine Westside Trail following the highly awaited ribbon-cutting ceremony of Adair Court.\u003c/p\u003e\r\n\r\n\u003cp\u003eAtlanta Mayor Keisha Lance Bottoms, along with \u0026nbsp;Invest Atlanta CEO Dr. Eloisa Klementich. Department of Community Affairs Commissioner Christopher Nunn, Atlanta City Councilmember Joyce Shepherd, and Atlanta BeltLine, Inc. CEO Clyde Higgs, were among the City officials and housing leaders present to cut the ribbon of the 91-unit community. Developed by Woda Cooper Companies, Inc. and Parallel Housing, Inc, the $51 million property provides cutting-edge energy efficiency as well as close proximity to intown amenities including the MARTA West End Station, Adair Park, retail stores, restaurants, and health care services.\u003c/p\u003e\r\n\r\n\u003cp\u003eGeared towards seniors aged 55 years and above, Adair Court offers nineteen of the units for residents earning up to 50% of the area median income (AMI) and 58 for residents earning up to 60% AMI.\u0026nbsp; Fourteen units are offered at market rate with no income restrictions. Seven apartments were designed for those with disabilities.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe Atlanta BeltLine is committed to helping residents connect with affordable housing, economic development and a healthy lifestyle and has supported Adair Court from its inception.\u0026nbsp; \u0026ldquo;Adair Court exemplifies our work with our partners to create and preserve affordable homes in our Atlanta BeltLine neighborhoods,\u0026rdquo; said Clyde Higgs, President and CEO of ABI. \u0026ldquo;Affordability is key to equity and ensuring that legacy residents can continue to live and thrive in their communities.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eThe opening of this development represents the culmination of numerous partners dedicated to improving affordable housing in Atlanta, including the City of Atlanta, the Georgia Department of Community Affairs, and Invest Atlanta, with the support of Bank of America Merrill Lynch. The 77 new affordable housing units bring the Atlanta BeltLine one step closer to achieving its goal of 5,600 affordable workforce housing units by 2030.\u0026nbsp;\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Westside\n\u003c/span\u003e\n"},{"id":300,"title":"709 Affordable Housing Units Created or Retained in October","promo_title":"709 Affordable Housing Units Created or Retained in October","published_date":"2019-10-21","featured_image":{"id":1011,"parent_id":5,"resource_file_name":"sylvan_insight.png","resource_content_type":"image/png","resource_file_size":923289,"resource_updated_at":"2019-10-17T11:04:27.806-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":2,"created_at":"2019-10-17T11:04:27.928-04:00","updated_at":"2019-10-21T13:23:09.853-04:00","filename_hash":"sylvan_insight_YBMWWZj.png","width":1200,"height":755},"filename":"709-affordable-housing-units-created-or-retained-in-october","meta_data_id":null,"published":true,"token":"8X66mg","created_at":"2019-10-17T11:05:24.080-04:00","updated_at":"2019-10-21T13:23:09.813-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n At Invest Atlanta\u0026rsquo;s monthly meeting, Mayor Keisha Lance Bottoms and the Invest Atlanta board of directors unanimously supported five resolutions that will help fund the creation and rehabilitation of 709 new affordable rental units in Southside and Westside neighborhoods of Atlanta.\u0026nbsp;\n\u003c/div\u003e\n","project_year":"2019","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eAt Invest Atlanta\u0026rsquo;s monthly meeting, Mayor Keisha Lance Bottoms and the Invest Atlanta board of directors unanimously supported five resolutions that will help fund the creation and rehabilitation of 709 new affordable rental units in Southside and Westside neighborhoods of Atlanta. The five developments approved for bond financing will provide affordable housing options for individuals, families and senior residents at rental rates ranging from 30 to 80 percent of the area median income (AMI), with the majority of the units offered at 60 AMI percent or less.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;Supporting new and strategic solutions to address Atlanta\u0026rsquo;s affordable housing needs is one of our administration\u0026rsquo;s top priorities,\u0026rdquo; said Mayor Bottoms. \u0026ldquo;All of our residents should have access to safe, quality, affordable housing, and today\u0026rsquo;s actions are another step in this direction. As we continue to progress toward our affordable housing goals, we get closer to achieving our vision of One Atlanta.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eHerndon Square Apartments\u003c/strong\u003e\u003cbr /\u003e\r\nThe Invest Atlanta board approved a $12.5 million bond resolution to help finance the construction of 97 units of senior housing on Cameron Madison Alexander Boulevard in Vine City near Mercedes-Benz Stadium. Herndon Square, a development by Hunt Companies and Oakwood Development Group, will sit in the midst of a mixed-use, mixed-income development area and include amenities such as a health and business center. All units will be available at 60 percent AMI and under a HomeFlex contract with Atlanta Housing.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eSylvan Hills Senior\u003c/strong\u003e\u003cbr /\u003e\r\nSylvan Hills Senior, a project by Benoit Group Development, LLC, will create 183 new senior housing units in the Sylvan Hills community available at 50 to 60 percent AMI. The development is located near MARTA bus stops and includes amenities for recreation and livability. The Invest Atlanta board approved a $17.5 million bond resolution for the project.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eCapitol View Apartments\u003c/strong\u003e\u003cbr /\u003e\r\nThe Invest Atlanta board approved an increase in bond financing to support the renovation of Capitol View Apartments in Southwest Atlanta. The 120-unit garden-style complex by New Columbia Residential, LLC, increases affordable housing along the Atlanta BeltLine where the trail intersects Metropolitan Parkway. Units will be available from 30 to 80 percent AMI and offer new building systems, interiors and amenities.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eMarietta Road Senior Towner\u003c/strong\u003e\u003cbr /\u003e\r\nMarietta Road Senior Tower is an existing affordable housing development serving seniors and disabled individuals that will undergo renovations to improve the life expectancy of the building while lowering the building\u0026rsquo;s operating costs and carbon footprint. The renovation led by The Michaels Development Company includes in-unit, common area and elevator improvements, new water heaters, boilers, central AC equipment, emergency power generation, windows and other improvements. Marietta Road Senior Tower\u0026rsquo;s 129 units will rent at 60 percent AMI and Rental Assistance Demonstration project vouchers will be applied to the cost of the renovation.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eLondon Townhomes\u003c/strong\u003e\u003cbr /\u003e\r\nLocated in Atlanta\u0026rsquo;s Ivan Hills neighborhood, the London Townhomes project will receive $20 million in bond financing to support the acquisition, rehabilitation and preservation of the property by TBG London Townhomes, LP and the Benoit Group. The property will provide 200 housing units with 180 renting for 60 percent AMI or less, and will offer a variety of apartment sizes to accommodate single residents and families.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;Today\u0026rsquo;s actions by the Invest Atlanta board bring us closer to achieving the Mayor\u0026rsquo;s goal of producing and preserving 20,000 units of affordable housing by 2026 and speak to the collaborative teamwork between our public agencies,\u0026rdquo; said Terri Lee, Chief Housing Officer for the City of Atlanta. \u0026ldquo;We are working to align our agencies\u0026rsquo; efforts and optimize our public resources to help ensure that Atlanta is a city that everyone can call home.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;To achieve the goal of being an affordable city for all, we need to redouble our efforts on housing strategies that address a range of incomes and living options,\u0026rdquo; said Dr. Eloisa Klementich, President and CEO of Invest Atlanta. \u0026ldquo;Seventy-three percent of the housing units approved by the board today will be available at 60 percent of the area median income or less to provide deeper affordability to residents and families. The board\u0026rsquo;s accomplishments today, under the leadership of Mayor Bottoms and with support from Atlanta Housing, will help to ensure residents can remain in their neighborhoods and continue to thrive.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eMayor Keisha Lance Bottoms pledged to leverage $1 billion toward housing affordability to produce and preserve 20,000 units of affordable housing within the City of Atlanta by 2026. Through its various affordable housing strategies, Invest Atlanta continues to take a lead role in facilitating the creation of affordable housing throughout the city in coordination with other community-focused organizations\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n \n\u003c/span\u003e\n"},{"id":298,"title":"Southwest Atlanta Open House Tour Brings Together Hundreds to Learn About Homeownership","promo_title":"Southwest Atlanta Open House Tour Brings Out Hundreds to Learn About Homeownership","published_date":"2019-10-14","featured_image":{"id":1009,"parent_id":5,"resource_file_name":"homeownership_event.png","resource_content_type":"image/png","resource_file_size":1679916,"resource_updated_at":"2019-10-14T14:16:48.795-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":2,"created_at":"2019-10-14T14:16:48.932-04:00","updated_at":"2019-10-14T14:19:10.792-04:00","filename_hash":"homeownership_event_DNwxlMB.png","width":1200,"height":838},"filename":"southwest-atlanta-open-house-tour-brings-together-hundreds-to-learn-about-homeownership","meta_data_id":null,"published":true,"token":"ckRPBg","created_at":"2019-10-14T14:19:10.756-04:00","updated_at":"2019-10-14T14:19:10.756-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n For the fifth\u0026nbsp;year, Invest Atlanta hosted a free open house tour of homes in the City of Atlanta.\u0026nbsp;\n\u003c/div\u003e\n","project_year":"2019","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eFor the fifth\u0026nbsp;year, Invest Atlanta hosted a free open house tour of homes in the City of Atlanta. Held on Saturday, October 12, the Southwest Atlanta Open House Tour\u0026nbsp;brought together\u0026nbsp;hundreds of prospective homebuyers to enjoy a self-guided tour of available homes for sale in the Oakland City, Venetian Hills and Bush Mountain neighborhoods starting from Brown Middle School.\u003c/p\u003e\r\n\r\n\u003cp\u003eAttendees received helpful information about how to purchase a home in Southwest Atlanta with Invest Atlanta down payment incentives. They were also able to view homes at their own pace, meet community leaders, and get to know the beautiful neighborhoods located in Southwest Atlanta near the Atlanta BeltLine\u0026rsquo;s Westside Trail.\u003c/p\u003e\r\n\r\n\u003cp\u003eIn addition, Invest Atlanta and its partners made real estate professionals available for questions about how to buy a new home or stay in their current home. These experts included mortgage lenders, real estate agents, homebuyer education providers, and Invest Atlanta Homeownership Center experts, who provided homebuyer education and financial wellness resources to assist homebuyers to achieve and maintain affordable\u0026nbsp;in-town living.\u003c/p\u003e\r\n\r\n\u003cp\u003eTo learn more about Invest Atlanta\u0026rsquo;s homeownership incentives and RSVP for a future Q\u0026amp;A session, please visit our \u003ca href=\"https://www.investatlanta.com/homebuyers/homebuyer-programs-downpayment-assistance\"\u003ehomeownership page\u003c/a\u003e.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Homebuying/ Homeownership\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Southside\n\u003c/span\u003e\n"},{"id":295,"title":"Invest Atlanta Supports 241 Affordable Units at 60% AMI ","promo_title":"Invest Atlanta Supports 241 Affordable Units at 60% AMI ","published_date":"2019-09-19","featured_image":{"id":721,"parent_id":5,"resource_file_name":"pakrside_qy_insight.png","resource_content_type":"image/png","resource_file_size":1165049,"resource_updated_at":"2018-09-20T13:51:58.758-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":4,"created_at":"2018-09-20T13:51:58.822-04:00","updated_at":"2019-09-19T13:30:11.795-04:00","filename_hash":"pakrside_qy_insight_ZOXw1vW.png","width":1299,"height":585},"filename":"invest-atlanta-supports-241-affordable-units-at-60-ami","meta_data_id":null,"published":true,"token":"RrZ2iQ","created_at":"2019-09-19T10:19:17.989-04:00","updated_at":"2019-09-19T13:30:11.748-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n The Invest Atlanta Board of Directors approved financing for the Capitol View and Parkside developments.\n\u003c/div\u003e\n","project_year":"2019","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eThe Invest Atlanta Board of Directors approved financing for the Capitol View and Parkside developments. The financing will retain 88 units of affordable housing at Capitol View on Metropolitan Parkway near the Atlanta BeltLine, and the creation of 153 new units at Parkside on Donald Lee Hollowell Parkway. All 241 of these units will be set aside for families earning at or below 60% of the Area Median Income (AMI).\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eCapitol View\u003c/strong\u003e\u003c/p\u003e\r\n\r\n\u003cp\u003eThe 120-unit, garden-style Capitol View complex in southwest Atlanta was built in 1948 and will be preserved and renovated with new building systems, interiors, and amenities. The complex sits on the Atlanta Beltline as it crosses Metropolitan Parkway and will ensure affordable units have direct access to the Beltline loop. Residents will also have access to meeting rooms, laundry facilities, a picnic area, play areas for small children, and after-school programs.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eThe Board approved $13.4 million in tax-exempt loan for this development.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eParkside\u003c/strong\u003e\u003c/p\u003e\r\n\r\n\u003cp\u003eThe Parkside development will consist of the new construction of 182 units, 153 units of which will be affordable for families earning at or below 60% AMI, in the Bankhead neighborhood. Amenities will include a central laundry facility, washer dryer hookups in units, picnic area, tot lots, fitness room, and a business center.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe Board approved $22 million tax-exempt bond financing, and it has previously approved a $2 million loan from the Atlanta BeltLine Affordable Housing Trust Fund.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Westside\n\u003c/span\u003e\n"},{"id":288,"title":"Financing for More Than 300 Affordable Housing Units Approved by IA Board","promo_title":"Financing for More Than 300 Affordable Housing Units Approved by IA Board","published_date":"2019-08-16","featured_image":{"id":982,"parent_id":5,"resource_file_name":"peachtree_senior_insight.png","resource_content_type":"image/png","resource_file_size":1187995,"resource_updated_at":"2019-08-16T15:38:58.662-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":2,"created_at":"2019-08-16T15:38:58.797-04:00","updated_at":"2019-08-16T15:40:42.579-04:00","filename_hash":"peachtree_senior_insight_wj6DRjx.png","width":1200,"height":669},"filename":"financing-for-more-than-300-affordable-housing-units-approved-by-ia-board","meta_data_id":null,"published":true,"token":"k0TpoA","created_at":"2019-08-16T15:40:42.543-04:00","updated_at":"2019-08-16T15:40:42.543-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n The Invest Atlanta Board approved bond resolutions to support the financing of two affordable housing developments.\u0026nbsp;\n\u003c/div\u003e\n","project_year":"2019","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eThe Invest Atlanta Board approved bond resolutions to support the financing of two affordable housing developments. Hartland Station will be a new multifamily housing community in the Sylvan Hills neighborhood with 110 units of affordable housing at 60% average AMI. The board also approved a tax-exempt bond resolution to rehabilitate Peachtree Road Senior Tower, a 196-unit affordable living facility for seniors and young disabled residents.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eHartland Station\u003c/strong\u003e\u003c/p\u003e\r\n\r\n\u003cp\u003eHartland Station will be a 110-unit modern garden-style 3-story community aimed at revitalizing the Metropolitan Parkway corridor and becoming an asset to the Sylvan Hills neighborhood. This community will be equipped with several amenities including a business center, picnic area, tot lots and exercise room. The Urban Residential Finance Authority (URFA) Board approved an $18.8 million tax-exempt loan and a $1.5 million Housing Opportunity Bond multifamily loan for the development.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003ePeachtree Road Senior Tower\u003c/strong\u003e\u003c/p\u003e\r\n\r\n\u003cp\u003eThe URFA Board approved $14.5 million in tax-exempt bond financing for the 196-unit Peachtree Road Senior Tower in the Peachtree/Collier neighborhood. All the units will be available to residents at 60% AMI. \u0026nbsp;This will involve the rehabilitation of an existing public housing tower serving seniors and young disabled individuals.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe renovation and rehab budget is focused on meeting key property needs\u0026nbsp;in accordance with the \u003ca href=\"https://www.hud.gov/RAD\"\u003eRental Assistance Demonstration (RAD) program\u003c/a\u003e to preserve and improve public housing properties. Most of the work focused on the mechanical system and energy efficiency improvements. Interior in-unit work will be limited to new kitchen cabinets, flooring, new paint, and new bathtubs. Common area work will involve a complete redo of all interior hallways and elevator lobbies. These combined improvements will improve the life expectancy of the building while lowering operating costs and the buildings carbon footprint.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n \n\u003c/span\u003e\n"},{"id":285,"title":"Invest Atlanta Staff Provides National Affordable Housing Advocacy and Thought Leadership","promo_title":"Invest Atlanta Staff Provides National Affordable Housing Advocacy and Thought Leadership","published_date":"2019-07-30","featured_image":{"id":978,"parent_id":5,"resource_file_name":"dawn_housing_event.png","resource_content_type":"image/png","resource_file_size":1757772,"resource_updated_at":"2019-08-12T10:15:53.326-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":2,"created_at":"2019-08-12T10:15:53.504-04:00","updated_at":"2019-08-12T10:17:25.996-04:00","filename_hash":"dawn_housing_event_QgljJQ2.png","width":1200,"height":838},"filename":"invest-atlanta-staff-provides-national-affordable-housing-advocacy-and-thought-leadership","meta_data_id":null,"published":true,"token":"Jv6u_A","created_at":"2019-08-12T10:16:05.674-04:00","updated_at":"2019-08-12T10:17:25.961-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n Several members of Invest Atlanta\u0026rsquo;s Community Development team featured prominently in regional and national events on affordable housing policy.\u0026nbsp;\u003cbr /\u003e\r\n\u0026nbsp;\n\u003c/div\u003e\n","project_year":"2020","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eSeveral members of Invest Atlanta\u0026rsquo;s Community Development team featured prominently in regional and national events on affordable housing policy.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eThe National Association of Local Housing Finance Agencies (NALHFA) Trip to DC\u003c/strong\u003e\u003c/p\u003e\r\n\r\n\u003cp\u003eInvest Atlanta Chief Operating Officer Dawn Arnold serves as NALHFA Vice President, and in July she joined other members of the organization on a trip to Washington, DC to meet with Congressional offices to discuss critically important affordable housing issues.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eThe first meeting was with Matt Jones, a Senate majority Banking Committee staffer, to discuss Chairman Mike Crapo\u0026rsquo;s (R-ID) GSE Reform package that came out earlier this spring and the Committee\u0026rsquo;s recent GSE hearings.\u003c/p\u003e\r\n\r\n\u003cp\u003eNALHFA then met with Congresswoman Patricia Murphy\u0026rsquo;s (D-FL-7) office to talk about enhancing the Low Income Housing Tax Credit Program by urging her to sign on as a cosponsor to the recent reintroduction of H.R. 3077, the Affordable Housing Credit Improvement Act 2019 (AHCIA).\u003c/p\u003e\r\n\r\n\u003cp\u003eNALHFA again advocated for the AHCIA with Representative Drew Ferguson (R-GA-3), who was excited to learn more about all of the rural housing provisions in the legislation, and to have an in-depth discussion with Arnold about the situation in the state of Georgia.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eNALHFA was excited to have the opportunity to visit senior officials at the Federal Housing Finance Agency (FHFA) to share its 2019 Legislative and Regulatory Priorities. They discussed several issues, including the enhancement of the Low Income Housing Tax Credit with Members of Congress and GSE Reform.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eHUD Region IV Emerging Strategies to Affordable Housing Expo\u003c/strong\u003e\u003c/p\u003e\r\n\r\n\u003cp\u003eArnold,\u0026nbsp;\u0026nbsp;Invest Atlanta Senior Vice President of Community Development Alan Ferguso, and Opportunity Zones \u0026amp; Special Initiatives Manager Ed Smith\u0026nbsp;joined over 350 non-profit leaders, public housing authority directors, developers and financial partners at the region\u0026#39;s inaugural Emerging Strategies in Affordable Housing Expo in Atlanta. They gathered to discuss affordable housing policy and to share best practices concerning innovative methodologies to address the affordable housing crisis.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026quot;What brings us together today is a joint mission and mutual understanding that our nation faces an affordable housing crisis and needs leadership, innovation and expertise if we are to help bring about meaningful affordable housing policy change that provides hope for those we mutually serve,\u0026quot; said Region IV Administrator Denise Cleveland Leggett, who hosted the event and welcomed attendees. \u0026quot;Today, we are gathered here to develop a real vision of shared understanding, characterized by tangible approaches for what is truly possible when leaders of conscience gather, roll up their sleeves, and commit to work and not give up.\u0026quot;\u003c/p\u003e\r\n\r\n\u003cp\u003eThe Region IV Emerging Strategies to Affordable Housing Expo was a two-day event at the Atlanta Marriott Buckhead Hotel and Conference Center focused on increasing awareness of the range of housing strategies available in affordable housing.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eArnold joined Dr. Troy Nash to discuss how best to leverage public-private partnerships, while Ferguson shared best practices from his experience supporting affordable housing developments in the City of Atlanta. Smith discussed shovel-ready projects the in City of Atlanta\u0026#39;s 26 Federal Opportunity Zones, social impact investing and more valuable\u0026nbsp;information.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n \n\u003c/span\u003e\n"},{"id":282,"title":"Invest Atlanta to Develop City’s First Economic Mobility Strategy","promo_title":"Invest Atlanta to Develop City’s First Economic Mobility Strategy","published_date":"2019-07-22","featured_image":{"id":933,"parent_id":5,"resource_file_name":"atlanta_econ_mobility_insights.png","resource_content_type":"image/png","resource_file_size":936521,"resource_updated_at":"2019-07-22T08:29:47.561-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":2,"created_at":"2019-07-22T08:29:47.693-04:00","updated_at":"2021-05-12T11:39:47.578-04:00","filename_hash":"atlanta_econ_mobility_insights_7JNJbmL.png","width":1200,"height":702},"filename":"invest-atlanta-to-develop-citys-first-economic-mobility-strategy","meta_data_id":null,"published":true,"token":"sQFNNg","created_at":"2019-07-22T08:30:00.227-04:00","updated_at":"2021-05-12T11:39:47.513-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n Invest Atlanta is redoubling its efforts on equity and economic mobility through the development of the city\u0026rsquo;s first-ever economic mobility strategy.\u0026nbsp;Mayor Keisha Lance Bottoms has already shown strong leadership on these issues, and this strategy development process is an opportunity to align and complement the broader One Atlanta strategic effort.\n\u003c/div\u003e\n","project_year":"2019","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003e\u003cem\u003e\u003cstrong\u003eUpdate:\u003c/strong\u003e The community input period is closed. We truly appreciate all the ideas and feedback from residents, businesses, civic and not-for-profit leaders, and other stakeholders on this vital effort.\u003c/em\u003e\u003c/p\u003e\r\n\r\n\u003cp\u003eInvest Atlanta is redoubling its efforts on equity and economic mobility through the development of the city\u0026rsquo;s first-ever economic mobility strategy.\u003c/p\u003e\r\n\r\n\u003cp\u003eEconomic prosperity and competitiveness in Atlanta start with equitable access to opportunity and pathways to wealth creation. The goal is to further economic development and mobility for all Atlantans by:\u003c/p\u003e\r\n\r\n\u003cul\u003e\r\n\t\u003cli\u003eReviewing Atlanta\u0026rsquo;s current efforts around economic mobility\u003c/li\u003e\r\n\t\u003cli\u003eAnalyzing key factors related to access to opportunity \u0026ndash; both within Atlanta and globally\u003c/li\u003e\r\n\t\u003cli\u003eIdentifying alignment opportunities across existing strategic frameworks\u003c/li\u003e\r\n\t\u003cli\u003eProviding recommendations to further Atlanta\u0026rsquo;s economic development goals and improve economic mobility\u0026nbsp;\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\r\n\u003cp\u003eEconomic mobility is the ability of an individual, family, or group to improve their economic status. In Atlanta, that starts with equity equal access to opportunity and pathways to wealth creation. Atlanta currently leads the nation in income inequality. There is a clear divide between wealthier, majority white communities to the north of I-20 and poorer communities to the south and west where most residents are African-American.\u003cbr /\u003e\r\n\u003cbr /\u003e\r\nMayor Keisha Lance Bottoms has already shown strong leadership on these issues, and this strategy development process is an opportunity to align and complement the broader One Atlanta strategic effort. In addition, we leverage the expertise of our project partners at Bloomberg Associates, Enterprise, APD Urban Planning Management, and the Urban League of Greater Atlanta.\u0026nbsp;\u003cbr /\u003e\r\n\u003cbr /\u003e\r\nThe approach will be data-driven, will build on the work that has been done and create alignment rather than be duplicative, and place an emphasis on national and international best practices customized to the unique strengths and trends in Atlanta.\u0026nbsp;\u003cbr /\u003e\r\n\u003cbr /\u003e\r\nThe end goal is to identify pathways and specific policy recommendations to improve economic mobility. Input from residents, businesses, civic and not-for-profit leaders, and other stakeholders is vital to developing a comprehensive, inclusive strategy.\u003cbr /\u003e\r\n\u003cbr /\u003e\r\nIn the coming weeks and months, we will be asking your thoughts on how you would increase economic mobility in Atlanta. We look forward to hearing from you.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n \n\u003c/span\u003e\n"},{"id":281,"title":"Invest Atlanta Supports Hundreds of Affordable Rental Units \u0026 For-Sale Homes","promo_title":"Invest Atlanta Supports Hundreds of Affordable Rental Units \u0026 For-Sale Homes","published_date":"2019-07-20","featured_image":{"id":932,"parent_id":5,"resource_file_name":"east_medinah.png","resource_content_type":"image/png","resource_file_size":1419229,"resource_updated_at":"2019-07-20T07:27:52.956-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":2,"created_at":"2019-07-20T07:27:53.395-04:00","updated_at":"2022-03-16T13:40:58.250-04:00","filename_hash":"east_medinah_bzmn4aN.png","width":1077,"height":661},"filename":"invest-atlanta-supports-hundreds-of-affordable-multifamily-senior-housing-units","meta_data_id":null,"published":true,"token":"0Rwlkw","created_at":"2019-07-20T07:29:05.550-04:00","updated_at":"2022-03-16T13:40:58.169-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n \n\u003c/div\u003e\n","project_year":"2019","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eAt their monthly meeting, Invest Atlanta took the first step toward supporting several affordable housing developments. The Board approved support for three major projects, which when complete will provide 305 units of multifamily affordable housing units, 124 for seniors, and 23 affordable single-family homes.\u003c/p\u003e\r\n\r\n\u003cp\u003eContinuing to support new and strategic solutions to address Atlanta\u0026rsquo;s affordable housing needs remains a top priority for Invest Atlanta. All residents should have access to safe, quality, affordable housing, and these actions were another step in the right direction. Invest Atlanta continues to make significant progress toward our affordable housing goals, as we move closer to achieving our vision for One Atlanta.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eTrue Light Haven Senior\u003c/strong\u003e\u003c/p\u003e\r\n\r\n\u003cp\u003eThe Board approved an inducement resolution to provide an $18 million tax-exempt loan for the construction of 124 units of high-quality senior affordable housing near the West Lake MARTA station. National Church Residences will provide holistic senior living services to ensure that each resident can remain independent by preserving their quality of life and creating a home for life.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eCity Views\u003c/strong\u003e\u003c/p\u003e\r\n\r\n\u003cp\u003eThe Board also approved a $27 million tax-exempt loan for City Views at Rosa Burney Park. The multifamily development will preserve and rehabilitate 154 units set aside for families earning 60% AMI or below. For 127 of the units, residents will pay no more than 30% of their income.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eEast Medinah Village\u003c/strong\u003e\u003c/p\u003e\r\n\r\n\u003cp\u003eThe Invest Atlanta Board approved $27 million in tax-exempt bonds and a $440,000 grant from the BeltLine Affordable Housing Trust Fund for East Medinah Village Phase I. This first of four phases, this development will bring 255 units of multifamily housing to Hank Aaron Drive in Peoplestown. All 255 units will be affordable, and 205 units will be set aside for households earning 60 percent AMI or below. Phase I of the development will also include approximately 25,000 square feet of retail space and parking.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eAtlanta Land Trust: 1091 Tucker Avenue\u003c/strong\u003e\u003c/p\u003e\r\n\r\n\u003cp\u003eThe previous week,\u0026nbsp;the URFA Housing Committee approved a $920,000 grant from the BeltLine Affordable Housing Trust Fund to be used to support the construction of 23 affordable single-family homes in the Oakland City neighborhood. The development will include a mix of modular housing designed by Smith Dalia Architects and built by Oak Construction Group. The Atlanta Land Trust and Homeplace Solutions are leading the project, and all homes will be priced for families at 80% of AMI and below.\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eMayor Keisha Lance Bottoms pledged to leverage $1 billion towards housing affordability to produce and preserve 20,000 units of affordable housing within the City of Atlanta by 2026. Through its various affordable housing strategies, Invest Atlanta continues to advocate for affordable housing in Atlanta as the city grows and serves as a primary objective of the agency.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cem\u003eAn update to this project can be found \u003ca href=\"https://www.investatlanta.com/impact-insights/affordable-townhomes-coming-to-tucker-avenue\"\u003ehere\u003c/a\u003e.\u0026nbsp;\u003c/em\u003e\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n \n\u003c/span\u003e\n"},{"id":275,"title":"Mayor Keisha Lance Bottoms Releases Housing Affordability Action Plan","promo_title":"Mayor Keisha Lance Bottoms Releases Housing Affordability Action Plan","published_date":"2019-06-25","featured_image":{"id":919,"parent_id":5,"resource_file_name":"housing_plan_insights.png","resource_content_type":"image/png","resource_file_size":1567893,"resource_updated_at":"2019-06-25T09:54:12.839-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":2,"created_at":"2019-06-25T09:54:12.970-04:00","updated_at":"2019-06-25T09:58:49.458-04:00","filename_hash":"housing_plan_insights_DNX5Wno.png","width":1200,"height":523},"filename":"mayor-keisha-lance-bottoms-releases-housing-affordability-action-plan","meta_data_id":null,"published":true,"token":"F2KVsA","created_at":"2019-06-25T09:58:49.422-04:00","updated_at":"2019-06-25T09:58:49.422-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n Mayor Keisha Lance Bottoms released the City of Atlanta Housing Affordability Action Plan \u0026ndash; a roadmap to increase the supply of housing in the City of Atlanta for a full spectrum of residents.\u0026nbsp;\n\u003c/div\u003e\n","project_year":"2019","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eMayor Keisha Lance Bottoms released the City of Atlanta Housing Affordability Action Plan, a roadmap to increase the supply of housing in the City of Atlanta for a full spectrum of residents.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;Affordability is the foundation of any livable and thriving community,\u0026rdquo; said Mayor Bottoms. \u0026ldquo;Creating and preserving affordable housing is critical to the future of all those who call Atlanta home. For too many residents, their zip code determines their opportunities. This action plan is a vision for a more equitable city where each Atlantan has access to quality, and safe affordable housing. As our city continues to grow, we want to ensure neighborhoods in the north, south, east, and Westside remain welcoming and inclusive places for all.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eThe 45-action oriented plan aims to substantially increase the number of Atlanta residents who can afford their housing costs. The Plan represents a collaborative and shared effort from multiple City agencies--including Invest Atlanta--and a diverse group of non-profits, philanthropic organizations, faith-based organizations, educational institutions, private companies, residents, and community members who came together under the banner of House ATL to develop recommendations that are critical to the future of housing in Atlanta.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe plan entails 13 initiatives based on four key goals:\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cem\u003eCreate or preserve 20,000 a\u0026shy;ffordable homes by 2026 and increase overall supply\u003c/em\u003e\u003c/p\u003e\r\n\r\n\u003cp\u003e1. Leverage vacant public land for housing\u003c/p\u003e\r\n\r\n\u003cp\u003e2. Create and expand housing affordability tools\u003c/p\u003e\r\n\r\n\u003cp\u003e3. Revise the zoning code\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cem\u003eInvest $1 billion from public, private, and philanthropic sources in the production and preservation of aff\u0026shy;ordable housing\u003c/em\u003e\u003c/p\u003e\r\n\r\n\u003cp\u003e4. Maximize existing funding sources\u003c/p\u003e\r\n\r\n\u003cp\u003e5. Develop new funding sources\u003c/p\u003e\r\n\r\n\u003cp\u003e6. Increase philanthropic and private investment in affordable housing\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cem\u003eEnsure equitable growth for all Atlantans and minimize displacement\u003c/em\u003e\u003c/p\u003e\r\n\r\n\u003cp\u003e7. Prevent involuntary displacement\u003c/p\u003e\r\n\r\n\u003cp\u003e8. Explore the expansion of property tax programs for the creation and preservation of affordable housing\u003c/p\u003e\r\n\r\n\u003cp\u003e9. Expand awareness of and increase participation in housing affordability programs\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cem\u003eSupport innovation and streamline processes\u003c/em\u003e\u003c/p\u003e\r\n\r\n\u003cp\u003e10. Establish a Housing Innovation Lab\u003c/p\u003e\r\n\r\n\u003cp\u003e11. Continually improve building and zoning codes\u003c/p\u003e\r\n\r\n\u003cp\u003e12. Improve our system for developing and delivering affordable housing\u003c/p\u003e\r\n\r\n\u003cp\u003e13. Enhance community engagement\u003c/p\u003e\r\n\r\n\u003cp\u003eDuring the release of the Action Plan, the City of Atlanta and affordable housing developers Atlanta Neighborhood Development Partnership (ANDP) and Laurel Street Residential broke ground on Creekside at Adamsville Place, a new rental community designed to address the affordable housing needs in the City of Atlanta. The $27.6M, 147-unit development will offer rental rates affordable to families with incomes at 30%, 60%, and 80% of area median income.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;How to tackle affordability and meaningfully address inequality are at the forefront for every major American city,\u0026rdquo; said Sarah Kirsch, Executive Director of the Urban Land Institute. \u0026ldquo;Although the problem is significant and accelerating in Atlanta, the data suggests we have a window in time to make a difference. That is why the City\u0026rsquo;s Housing Affordability Action Plan is so important. It comes at a critical time, creating a playbook for us to work together to achieve our goals of creating and preserving 20,000+ affordable homes by 2026. The approach of unlocking existing resources, particularly publicly owned land, while lining up new policies and funding is ambitious but achievable. The partners in HouseATL look forward to working alongside the City to make this reality, working toward a thriving city for all.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eFinancing for the project includes tax-exempt bond financing\u0026nbsp;from Invest Atlanta, and\u0026nbsp;4% Low-Income Housing Tax Credits from Georgia Department of Community Affairs. Red Capital is providing first mortgage financing for the project. RBC Bank is the Federal and State equity investor.\u003c/p\u003e\r\n\r\n\u003cp\u003eVisit the City of Atlanta \u003ca href=\"https://www.atlantaga.gov/government/mayor-s-office/projects-and-initiatives/housing-affordability-action-plan\"\u003eAffordable Housing Website\u003c/a\u003e to read the full plan and learn more about programming, policies, and initiatives.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Southside\n\u003c/span\u003e\n"},{"id":274,"title":"Invest Atlanta Board Supports Financing for 150 New Affordable Housing Units","promo_title":"Invest Atlanta Board Supports Financing for 150 New Affordable Housing Units","published_date":"2019-06-20","featured_image":{"id":917,"parent_id":5,"resource_file_name":"dlh_insight.png","resource_content_type":"image/png","resource_file_size":584607,"resource_updated_at":"2019-06-20T09:41:37.236-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":2,"created_at":"2019-06-20T09:41:37.315-04:00","updated_at":"2019-07-11T14:58:35.941-04:00","filename_hash":"dlh_insight_QgXllLE.png","width":1320,"height":597},"filename":"invest-atlanta-board-supports-financing-for-150-new-affordable-housing-units","meta_data_id":null,"published":true,"token":"yx6mlQ","created_at":"2019-06-20T09:42:23.936-04:00","updated_at":"2019-07-11T14:58:35.905-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n At its monthly meeting, Mayor Keisha Lance Bottoms and the Invest Atlanta Board of Directors supported the creation of 150 affordable rental units in the Grove Park and Center Hill neighborhoods.\n\u003c/div\u003e\n","project_year":"2019","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eAt its monthly meeting, Mayor Keisha Lance Bottoms and the Invest Atlanta Board of Directors supported the creation of 150 affordable rental units in the Grove Park and Center Hill neighborhoods.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eThe Invest Atlanta Board approved $15 million in tax-exempt bond financing and $1 million in Hollowell/MLK TAD Grant funding for construction of new a multifamily development along Donald Lee Hollowell Parkway. The development will contain 150 affordable units, with 130 units set aside for households earning 60 percent AMI or below.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eIn addition, the developer intends to reserve 10 percent of the units for young adults who are aging out of the foster care system.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eThe developer, Vecino Group, has a history of creating affordable housing developments across the United States, and the development will be one of its first projects in Georgia. In addition to affordable housing, the development will include space for urban farming, an amphitheater, artists gallery, a recording studio, and 10,000 square feet of retail space. Vecino Group is currently working with the Center Hill Neighborhood Association to gain insight and feedback on ideas for community-focused retail.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;I\u0026rsquo;m also very pleased with the project,\u0026rdquo; said IA Board Member Bill Bozarth. \u0026ldquo;It\u0026rsquo;s design, when you look at the whole package, has a number of items that are very innovative.\u0026rdquo;\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eMayor Keisha Lance Bottoms pledged to leverage $1 billion towards housing affordability to produce and preserve 20,000 units of affordable housing within the City of Atlanta by 2026. Through its various affordable housing strategies, Invest Atlanta continues to advocate for affordable housing in Atlanta as the city grows and serves as a primary objective of the agency.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Site Selection\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Southside\n\u003c/span\u003e\n"},{"id":271,"title":"Newly Rehabbed Wheat Street Towers Reopens to Atlanta Seniors","promo_title":"Newly Rehabbed Wheat Street Towers Reopens to Atlanta Seniors","published_date":"2019-06-03","featured_image":{"id":911,"parent_id":5,"resource_file_name":"wheat_street_ribbon.png","resource_content_type":"image/png","resource_file_size":1665267,"resource_updated_at":"2019-06-03T11:02:46.171-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":2,"created_at":"2019-06-03T11:02:46.265-04:00","updated_at":"2019-06-03T11:03:35.637-04:00","filename_hash":"wheat_street_ribbon_KDX1Rqv.png","width":1200,"height":769},"filename":"newly-rehabbed-wheat-street-towers-reopens-to-atlanta-seniors","meta_data_id":null,"published":true,"token":"K6C-IQ","created_at":"2019-06-03T11:03:35.592-04:00","updated_at":"2019-06-03T11:03:35.592-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n A ribbon-cutting ceremony marked the completion of the $24 million renovation project of 210 affordable units for seniors in the Sweet Auburn Historic District.\u0026nbsp;\n\u003c/div\u003e\n","project_year":"2019","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eA ribbon-cutting ceremony marked the completion of the $24 million renovation project of 210 affordable units for seniors in the Sweet Auburn Historic District.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe Urban Residential Finance Authority (URFA) supported the acquisition, rehabilitation, preservation of the residential complex through a $12.5 million bond financing. As Atlanta Daily World reported, the development is the \u0026quot;\u003ca href=\"https://atlantadailyworld.com/2017/07/03/wheat-street-baptist-nations-first-church-based-senior-high-rise-gets-green-light-for-24m-renovation-project/#.WVzakkjP5KU.twitter\"\u003enation\u0026rsquo;s first\u003c/a\u003e federally funded, church-sponsored affordable senior high rise,\u0026quot; and these upgrades will allow\u0026nbsp;Wheat Street Charitable Foundation to continue to pursue its mission at this development for years to come.\u003c/p\u003e\r\n\r\n\u003cp\u003eWheat Street Towers is available to seniors earning 60% Average Median Income (AMI). The existing Housing Assistance Payments Contract means residents will pay no more than 30% of their income. Residents will live in updated residences, with access to amenities like a business center, fitness center, and a central laundry.\u003c/p\u003e\r\n\r\n\u003cp\u003eMembers of the Invest Atlanta team were at the ceremony alongside the Benoit Group, Wheat Street Charitable Foundation, Dorchester Management, and others.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Sweet Auburn\n\u003c/span\u003e\n"},{"id":269,"title":"Co-Living Model Provides New Pathway to Affordable Housing","promo_title":"Co-Living Model Provides New Pathway to Affordable Housing","published_date":"2019-05-16","featured_image":{"id":902,"parent_id":5,"resource_file_name":"memorial_coliving_v2.png","resource_content_type":"image/png","resource_file_size":1412542,"resource_updated_at":"2019-05-16T14:19:24.077-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":2,"created_at":"2019-05-16T14:19:24.155-04:00","updated_at":"2019-05-21T11:54:51.917-04:00","filename_hash":"memorial_coliving_v2_1OLjmVw.png","width":1200,"height":618},"filename":"new-co-living-model-provides-new-pathway-to-affordable-housing","meta_data_id":null,"published":true,"token":"_8Qr1A","created_at":"2019-05-16T14:20:16.403-04:00","updated_at":"2019-05-21T11:54:51.854-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n The Invest Atlanta Board of Directors, under the leadership of Mayor Keisha Lance Bottoms, approved support for two new co-living developments. This marks the first time IA has supported this type of co-living development, which offers a new solution for the creation of new affordable housing in Atlanta.\n\u003c/div\u003e\n","project_year":"2019","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eThe Invest Atlanta Board of Directors, under the leadership of Mayor Keisha Lance Bottoms, approved support for two new co-living developments. This marks the first time IA has supported this type of co-living development, which offers a new solution for the creation of new affordable housing in Atlanta.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe Board approved $22 million lease-purchase bond financing for the construction of 176 multifamily housing at the 1061 Memorial development. Twenty-seven of the units (15% of the total) will be restricted to\u0026nbsp;80% AMI.\u0026nbsp;In addition, the Board approved $32 million lease-purchase bond financing for Englewood, a 250-unit multifamily housing development in the Chosewood Park community. Thirty-eight of the units will be restricted to those earning 80% AMI or below.\u003c/p\u003e\r\n\r\n\u003cp\u003eWhile all 426 units are projected to be affordable to those earning 80% AMI or below, 65 of the units will be restricted as affordable workforce housing to comply to the City of Atlanta\u0026rsquo;s inclusionary zoning policy. This policy requires new developments within the Atlanta BeltLine Overlay District to restrict 15% of the units at 80% Area Median Income (AMI) or 10% of the units at 60% AMI. (Current HUD income limits can be found \u003ca href=\"https://www.investatlanta.com/developers/opportunities-incentives/residential-housing-incentives\"\u003ehere\u003c/a\u003e.)\u003c/p\u003e\r\n\r\n\u003cp\u003eCo-Living is a modern, high-quality approach that is meant to serve the over 25 million American adults who currently live with roommates. Co-Living offers those who can\u0026#39;t afford to live alone in a studio\u0026nbsp;a better experience than the typical roommate share (whether sharing with friends or sharing with strangers via Craigslist). The co-living model provides residents with a private bedroom, a stocked shared kitchen, weekly cleaning services, free laundry, and communal living spaces.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;We\u0026rsquo;ve been working here in Atlanta on market-rate affordable housing\u0026nbsp;for the last 10 years or so,\u0026rdquo; said Derrick Barker of the developer Civitas. \u0026ldquo;We are doing anything we can to harness market forces to build more affordable units.\u0026rdquo;\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Eastside\n\u003c/span\u003e\n"},{"id":270,"title":"345-Unit Ascent Peachtree to Rise Up Above Parking Garage ","promo_title":"345-Unit Ascent Peachtree to Rise Up Above Parking Garage ","published_date":"2019-05-15","featured_image":{"id":903,"parent_id":5,"resource_file_name":"ascent_insight_mc.png","resource_content_type":"image/png","resource_file_size":1257266,"resource_updated_at":"2019-05-20T08:55:39.561-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":2,"created_at":"2019-05-20T08:55:39.816-04:00","updated_at":"2019-07-11T15:01:08.833-04:00","filename_hash":"ascent_insight_mc_XJmRBm5.png","width":1200,"height":537},"filename":"345-unit-ascent-peachtree-to-rise-up-above-parking-garage","meta_data_id":null,"published":true,"token":"8sfCvg","created_at":"2019-05-20T08:55:57.842-04:00","updated_at":"2019-05-21T11:55:17.066-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n Invest Atlanta, the City of Atlanta,\u0026nbsp;Banyan Street Capital, and Greystar gathered to break ground on\u0026nbsp;Ascent Peachtree, a multifamily project in Downtown Atlanta atop an existing parking garage. The $125 million project will bring 345 residential units, including 70 workforce units, to the city\u0026rsquo;s business core.\u0026nbsp;\n\u003c/div\u003e\n","project_year":"2019","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eInvest Atlanta, the City of Atlanta, Banyan Street Capital and Greystar gathered to break ground on\u0026nbsp;Ascent Peachtree, a multifamily project in Downtown Atlanta atop an existing parking garage. The $125 million project will bring 345 residential units, including 70 workforce units, to the city\u0026rsquo;s business core.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;This project is so exciting because we are able to create affordable housing out of thin air, literally,\u0026rdquo; said Dr. Eloisa Klementich, President and CEO of Invest Atlanta. \u0026ldquo;161 Peachtree Center Avenue\u0026rsquo;s innovative adaptation of an existing parking structure adds density within the city\u0026rsquo;s Downtown core and provides affordable housing near job centers, amenities and transit nodes. This transformative project is expected to create more than 150 new jobs and make a $165 million economic impact on the city.\u003c/p\u003e\r\n\r\n\u003cp\u003eWith more than 154,000 daytime workers in Downtown Atlanta and 13,600 housing units, the project is focused on filling the residential vacancy the downtown market is experiencing by providing rental properties at a sustainable rate. Twenty percent of the units within the project will be set aside for residents earning 80% of the area median income or less, providing the opportunity for more people to live near major employment centers and transit.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;Ascent Peachtree will be one of the most transit-oriented residential projects in Atlanta, offering easy access to the Peachtree Center MARTA station, a MARTA express bus stop and an Atlanta Streetcar stop, as well as direct frontage on the Peachtree Center Avenue bike lane.\u0026nbsp; Ascent Peachtree will also be one of the most amenity-rich projects in Atlanta, with walkability to over 50 restaurant options at Peachtree Center\u0026rsquo;s The Hub, as well as a variety of retail and restaurant amenities along the Peachtree Street corridor,\u0026rdquo; said John Roberson, Managing Director of Development for Greystar.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe 29-story, high-rise project will be located at Downtown Atlanta\u0026rsquo;s epicenter for commerce. Ascent Peachtree will feature unrivaled views with lowest level units starting on Level 11. The mix of floor plans will include studios, one, two and three-bedrooms apartment homes ranging in size from 680 square feet to 2,380 square feet. Featured amenities will include a resort-style swimming pool, outdoor entertainment space and rooftop lounge.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eFocused on the continued investment in Downtown Atlanta, Invest Atlanta has partnered with Banyan Street Capital and Greystar, providing a $9 million loan from Atlanta\u0026rsquo;s Eastside Tax Allocation District to ensure that 70 units within the project will be allocated for workforce housing, as well as providing a lease-purchase bond financing for the project.\u0026nbsp;\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Downtown\n\u003c/span\u003e\n"},{"id":268,"title":"Heritage Owner-Occupied Rehab Program Helps Seniors Stay in Their Homes","promo_title":"Heritage Owner-Occupied Rehab Program Helps Seniors Stay in Their Homes","published_date":"2019-05-15","featured_image":{"id":901,"parent_id":5,"resource_file_name":"oor_house.png","resource_content_type":"image/png","resource_file_size":1853343,"resource_updated_at":"2019-05-15T15:10:45.942-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":2,"created_at":"2019-05-15T15:10:46.011-04:00","updated_at":"2019-05-21T11:56:02.101-04:00","filename_hash":"oor_house_6aLyOje.png","width":1200,"height":651},"filename":"heritage-owner-occupied-rehab-program-helps-seniors-stay-in-their-homes","meta_data_id":null,"published":true,"token":"KDHfDg","created_at":"2019-05-15T11:27:37.222-04:00","updated_at":"2019-05-16T10:00:40.265-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n The Heritage Owner-Occupied Rehab (OOR) program has helped Mr. Robert Fisher, and dozens of seniors throughout the City of Atlanta, stay in their homes and avoid displacement.\u003cbr /\u003e\r\n\u0026nbsp;\n\u003c/div\u003e\n","project_year":"2019","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eThe Heritage Owner-Occupied Rehab (OOR) program has helped Mr. Robert Fisher, along with many\u0026nbsp;seniors throughout the City of Atlanta, stay in their homes and avoid displacement.\u003c/p\u003e\r\n\r\n\u003cp\u003eMr. Fisher has lived in his house in East Atlanta for more than 45 years. His daughter Jacqueline told him about Heritage OOR, and with the funds he received, program managers from the National Property Institute made\u0026nbsp;important repairs to his home. These included upgrades to his heating and air conditioning systems, a new coat of paint on the house, and the trimming of trees on his property.\u003c/p\u003e\r\n\r\n\u003cp\u003eAsked if he\u0026rsquo;d recommend the program to his friends and neighbors, Mr. Fisher said, \u0026ldquo;Of course I would.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;I think it\u0026rsquo;s a good idea,\u0026rdquo; he said. \u0026ldquo;And I appreciate it.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eThrough Heritage OOR, residents receive forgivable loans to make critical health and safety repairs on their homes. Senior households aged 55+, military veterans, disabled head of households, and those that have been in their homes for 15+ years have priority in the program.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;I think it\u0026rsquo;s a beneficial program for people that plan to stay in their homes,\u0026rdquo; his daughter said. \u0026ldquo;It\u0026rsquo;s worthwhile, especially if you\u0026rsquo;ve got many things you want to have repaired and you\u0026rsquo;re on a fixed income, you can\u0026rsquo;t afford to get it done yourself. So it\u0026rsquo;s beneficial, very beneficial.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eFor additional information, visit the full Heritage Owner-Occupied Rehab program\u0026nbsp;\u003ca href=\"/homebuyers/owner-occupied-rehab\"\u003esite\u003c/a\u003e.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003ciframe height=\"480\" src=\"https://www.google.com/maps/d/embed?mid=1UgQr3oseXHBglq6i0XnM-pFNQGMUOzcz\" width=\"640\"\u003e\u003c/iframe\u003e\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cspan style=\"font-family: futura-pt-bold, Helvetica, Arial, sans-serif; font-size: inherit; font-style: inherit; font-variant-ligatures: inherit; font-variant-caps: inherit; font-weight: inherit; color: rgb(0, 45, 86);\"\u003eAtlanta Heritage (As of 1Q19)\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\r\n\r\n\u003ctable align=\"center\" border=\"1\" cellpadding=\"1\" cellspacing=\"1\" style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px 0px 20px; padding: 0px; border: 1px solid rgb(0, 112, 175); font-variant-numeric: inherit; font-variant-east-asian: inherit; font-stretch: inherit; font-size: 14px; line-height: inherit; font-family: futura-pt, Helvetica, Arial, sans-serif; vertical-align: baseline; border-collapse: collapse; border-spacing: 0px; width: 500px; color: rgb(0, 45, 86);\"\u003e\r\n\t\u003cthead style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 0px; border: 0px; font: inherit; vertical-align: baseline;\"\u003e\r\n\t\t\u003ctr style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 0px; border: 1px solid rgb(0, 112, 175); font: inherit; vertical-align: baseline;\"\u003e\r\n\t\t\t\u003cth scope=\"col\" style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 10px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: 500; font-stretch: inherit; font-size: 16px; line-height: inherit; vertical-align: baseline; background-color: rgb(0, 157, 220); text-align: center; color: rgb(255, 255, 255);\"\u003e\u003cspan style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: inherit; font-family: futura-pt-bold, Helvetica, Arial, sans-serif; vertical-align: baseline;\"\u003eCouncil District\u003c/span\u003e\u003c/th\u003e\r\n\t\t\t\u003cth scope=\"col\" style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 10px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: 500; font-stretch: inherit; font-size: 16px; line-height: inherit; vertical-align: baseline; background-color: rgb(0, 157, 220); text-align: center; color: rgb(255, 255, 255);\"\u003e\u003cspan style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: inherit; font-family: futura-pt-bold, Helvetica, Arial, sans-serif; vertical-align: baseline;\"\u003eHomes in Progress\u003c/span\u003e\u003c/th\u003e\r\n\t\t\t\u003cth scope=\"col\" style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 10px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: 500; font-stretch: inherit; font-size: 16px; line-height: inherit; vertical-align: baseline; background-color: rgb(0, 157, 220); text-align: center; color: rgb(255, 255, 255);\"\u003e\u003cspan style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: inherit; font-family: futura-pt-bold, Helvetica, Arial, sans-serif; vertical-align: baseline;\"\u003eHomes Complete\u003c/span\u003e\u003c/th\u003e\r\n\t\t\u003c/tr\u003e\r\n\t\u003c/thead\u003e\r\n\t\u003ctbody style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 0px; border: 0px; font: inherit; vertical-align: baseline;\"\u003e\r\n\t\t\u003ctr style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 0px; border: 1px solid rgb(0, 112, 175); font: inherit; vertical-align: baseline;\"\u003e\r\n\t\t\t\u003ctd style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 10px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: bree-serif, Helvetica, Arial, sans-serif; vertical-align: baseline;\"\u003eDistrict 1\u003c/td\u003e\r\n\t\t\t\u003ctd style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 10px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: bree-serif, Helvetica, Arial, sans-serif; vertical-align: baseline; text-align: center;\"\u003e5\u003c/td\u003e\r\n\t\t\t\u003ctd style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 10px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: bree-serif, Helvetica, Arial, sans-serif; vertical-align: baseline; text-align: center;\"\u003e1\u003c/td\u003e\r\n\t\t\u003c/tr\u003e\r\n\t\t\u003ctr style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 0px; border: 1px solid rgb(0, 112, 175); font: inherit; vertical-align: baseline;\"\u003e\r\n\t\t\t\u003ctd style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 10px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: bree-serif, Helvetica, Arial, sans-serif; vertical-align: baseline; background-color: rgb(191, 230, 246);\"\u003eDistrict 2\u003c/td\u003e\r\n\t\t\t\u003ctd style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 10px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: bree-serif, Helvetica, Arial, sans-serif; vertical-align: baseline; text-align: center; background-color: rgb(191, 230, 246);\"\u003e3\u003c/td\u003e\r\n\t\t\t\u003ctd style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 10px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: bree-serif, Helvetica, Arial, sans-serif; vertical-align: baseline; text-align: center; background-color: rgb(191, 230, 246);\"\u003e1\u003c/td\u003e\r\n\t\t\u003c/tr\u003e\r\n\t\t\u003ctr style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 0px; border: 1px solid rgb(0, 112, 175); font: inherit; vertical-align: baseline;\"\u003e\r\n\t\t\t\u003ctd style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 10px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: bree-serif, Helvetica, Arial, sans-serif; vertical-align: baseline;\"\u003eDistrict 3\u003c/td\u003e\r\n\t\t\t\u003ctd style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 10px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: bree-serif, Helvetica, Arial, sans-serif; vertical-align: baseline; text-align: center;\"\u003e3\u003c/td\u003e\r\n\t\t\t\u003ctd style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 10px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: bree-serif, Helvetica, Arial, sans-serif; vertical-align: baseline; text-align: center;\"\u003e1\u003c/td\u003e\r\n\t\t\u003c/tr\u003e\r\n\t\t\u003ctr style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 0px; border: 1px solid rgb(0, 112, 175); font: inherit; vertical-align: baseline;\"\u003e\r\n\t\t\t\u003ctd style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 10px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: bree-serif, Helvetica, Arial, sans-serif; vertical-align: baseline; background-color: rgb(191, 230, 246);\"\u003eDistrict 4\u003c/td\u003e\r\n\t\t\t\u003ctd style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 10px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: bree-serif, Helvetica, Arial, sans-serif; vertical-align: baseline; text-align: center; background-color: rgb(191, 230, 246);\"\u003e10\u003c/td\u003e\r\n\t\t\t\u003ctd style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 10px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: bree-serif, Helvetica, Arial, sans-serif; vertical-align: baseline; text-align: center; background-color: rgb(191, 230, 246);\"\u003e2\u003c/td\u003e\r\n\t\t\u003c/tr\u003e\r\n\t\t\u003ctr style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 0px; border: 1px solid rgb(0, 112, 175); font: inherit; vertical-align: baseline;\"\u003e\r\n\t\t\t\u003ctd style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 10px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: bree-serif, Helvetica, Arial, sans-serif; vertical-align: baseline;\"\u003eDistrict 5\u003c/td\u003e\r\n\t\t\t\u003ctd style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 10px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: bree-serif, Helvetica, Arial, sans-serif; vertical-align: baseline; text-align: center;\"\u003e8\u003c/td\u003e\r\n\t\t\t\u003ctd style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 10px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: bree-serif, Helvetica, Arial, sans-serif; vertical-align: baseline; text-align: center;\"\u003e5\u003c/td\u003e\r\n\t\t\u003c/tr\u003e\r\n\t\t\u003ctr style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 0px; border: 1px solid rgb(0, 112, 175); font: inherit; vertical-align: baseline;\"\u003e\r\n\t\t\t\u003ctd style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 10px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: bree-serif, Helvetica, Arial, sans-serif; vertical-align: baseline; background-color: rgb(191, 230, 246);\"\u003eDistrict 9\u003c/td\u003e\r\n\t\t\t\u003ctd style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 10px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: bree-serif, Helvetica, Arial, sans-serif; vertical-align: baseline; text-align: center; background-color: rgb(191, 230, 246);\"\u003e20\u003c/td\u003e\r\n\t\t\t\u003ctd style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 10px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: bree-serif, Helvetica, Arial, sans-serif; vertical-align: baseline; text-align: center; background-color: rgb(191, 230, 246);\"\u003e7\u003c/td\u003e\r\n\t\t\u003c/tr\u003e\r\n\t\t\u003ctr style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 0px; border: 1px solid rgb(0, 112, 175); font: inherit; vertical-align: baseline;\"\u003e\r\n\t\t\t\u003ctd style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 10px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: bree-serif, Helvetica, Arial, sans-serif; vertical-align: baseline;\"\u003eDistrict 10\u003c/td\u003e\r\n\t\t\t\u003ctd style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 10px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: bree-serif, Helvetica, Arial, sans-serif; vertical-align: baseline; text-align: center;\"\u003e4\u003c/td\u003e\r\n\t\t\t\u003ctd style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 10px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: bree-serif, Helvetica, Arial, sans-serif; vertical-align: baseline; text-align: center;\"\u003e0\u003c/td\u003e\r\n\t\t\u003c/tr\u003e\r\n\t\t\u003ctr style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 0px; border: 1px solid rgb(0, 112, 175); font: inherit; vertical-align: baseline;\"\u003e\r\n\t\t\t\u003ctd style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 10px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: bree-serif, Helvetica, Arial, sans-serif; vertical-align: baseline; background-color: rgb(191, 230, 246);\"\u003eDistrict 11\u003c/td\u003e\r\n\t\t\t\u003ctd style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 10px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: bree-serif, Helvetica, Arial, sans-serif; vertical-align: baseline; text-align: center; background-color: rgb(191, 230, 246);\"\u003e12\u003c/td\u003e\r\n\t\t\t\u003ctd style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 10px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: bree-serif, Helvetica, Arial, sans-serif; vertical-align: baseline; text-align: center; background-color: rgb(191, 230, 246);\"\u003e2\u003c/td\u003e\r\n\t\t\u003c/tr\u003e\r\n\t\t\u003ctr style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 0px; border: 1px solid rgb(0, 112, 175); font: inherit; vertical-align: baseline;\"\u003e\r\n\t\t\t\u003ctd style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 10px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: bree-serif, Helvetica, Arial, sans-serif; vertical-align: baseline;\"\u003eDistrict 12\u003c/td\u003e\r\n\t\t\t\u003ctd style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 10px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: bree-serif, Helvetica, Arial, sans-serif; vertical-align: baseline; text-align: center;\"\u003e7\u003c/td\u003e\r\n\t\t\t\u003ctd style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 10px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: bree-serif, Helvetica, Arial, sans-serif; vertical-align: baseline; text-align: center;\"\u003e3\u003c/td\u003e\r\n\t\t\u003c/tr\u003e\r\n\t\u003c/tbody\u003e\r\n\u003c/table\u003e\r\n\r\n\u003cp style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px 0px 20px; padding: 0px; border: 0px; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-stretch: inherit; font-size: 18px; line-height: 24px; font-family: bree-serif; vertical-align: baseline; color: rgb(0, 45, 86);\"\u003e\u003cfont face=\"futura-pt-bold, Helvetica, Arial, sans-serif\" style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%;\"\u003eChoice\u0026nbsp;Neighborhoods Heritage\u0026nbsp;\u003c/font\u003e\u003cspan style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 0px; border: 0px; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: futura-pt-bold, Helvetica, Arial, sans-serif; vertical-align: baseline;\"\u003e\u0026nbsp;(As of 1Q19)\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\r\n\r\n\u003ctable align=\"center\" border=\"1\" cellpadding=\"1\" cellspacing=\"1\" style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px 0px 20px; padding: 0px; border: 1px solid rgb(0, 112, 175); font-variant-numeric: inherit; font-variant-east-asian: inherit; font-stretch: inherit; font-size: 14px; line-height: inherit; font-family: futura-pt, Helvetica, Arial, sans-serif; vertical-align: baseline; border-collapse: collapse; border-spacing: 0px; width: 500px; color: rgb(0, 45, 86);\"\u003e\r\n\t\u003cthead style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 0px; border: 0px; font: inherit; vertical-align: baseline;\"\u003e\r\n\t\t\u003ctr style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 0px; border: 1px solid rgb(0, 112, 175); font: inherit; vertical-align: baseline;\"\u003e\r\n\t\t\t\u003cth scope=\"col\" style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 10px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: 500; font-stretch: inherit; font-size: 16px; line-height: inherit; vertical-align: baseline; background-color: rgb(0, 157, 220); text-align: center; color: rgb(255, 255, 255);\"\u003e\u003cspan style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: inherit; font-family: futura-pt-bold, Helvetica, Arial, sans-serif; vertical-align: baseline;\"\u003eCouncil District\u003c/span\u003e\u003c/th\u003e\r\n\t\t\t\u003cth scope=\"col\" style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 10px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: 500; font-stretch: inherit; font-size: 16px; line-height: inherit; vertical-align: baseline; background-color: rgb(0, 157, 220); text-align: center; color: rgb(255, 255, 255);\"\u003e\u003cspan style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: inherit; font-family: futura-pt-bold, Helvetica, Arial, sans-serif; vertical-align: baseline;\"\u003eHomes in Progress\u003c/span\u003e\u003c/th\u003e\r\n\t\t\t\u003cth scope=\"col\" style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 10px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: 500; font-stretch: inherit; font-size: 16px; line-height: inherit; vertical-align: baseline; background-color: rgb(0, 157, 220); text-align: center; color: rgb(255, 255, 255);\"\u003e\u003cspan style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: inherit; font-family: futura-pt-bold, Helvetica, Arial, sans-serif; vertical-align: baseline;\"\u003eHomes Complete\u003c/span\u003e\u003c/th\u003e\r\n\t\t\u003c/tr\u003e\r\n\t\u003c/thead\u003e\r\n\t\u003ctbody style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 0px; border: 0px; font: inherit; vertical-align: baseline;\"\u003e\r\n\t\t\u003ctr style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 0px; border: 1px solid rgb(0, 112, 175); font: inherit; vertical-align: baseline;\"\u003e\r\n\t\t\t\u003ctd style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 10px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: bree-serif, Helvetica, Arial, sans-serif; vertical-align: baseline;\"\u003eDistrict 4\u003c/td\u003e\r\n\t\t\t\u003ctd style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 10px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: bree-serif, Helvetica, Arial, sans-serif; vertical-align: baseline; text-align: center;\"\u003e7\u003c/td\u003e\r\n\t\t\t\u003ctd style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 10px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: bree-serif, Helvetica, Arial, sans-serif; vertical-align: baseline; text-align: center;\"\u003e0\u003c/td\u003e\r\n\t\t\u003c/tr\u003e\r\n\t\u003c/tbody\u003e\r\n\u003c/table\u003e\r\n\r\n\u003cp style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px 0px 20px; padding: 0px; border: 0px; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-stretch: inherit; font-size: 18px; line-height: 24px; font-family: bree-serif; vertical-align: baseline; color: rgb(0, 45, 86);\"\u003e\u003cfont face=\"futura-pt-bold, Helvetica, Arial, sans-serif\" style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%;\"\u003eWestside Heritage\u0026nbsp;\u003c/font\u003e\u003cspan style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 0px; border: 0px; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: futura-pt-bold, Helvetica, Arial, sans-serif; vertical-align: baseline;\"\u003e\u0026nbsp;(As of 1Q19)\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\r\n\r\n\u003ctable align=\"center\" border=\"1\" cellpadding=\"1\" cellspacing=\"1\" style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px 0px 20px; padding: 0px; border: 1px solid rgb(0, 112, 175); font-variant-numeric: inherit; font-variant-east-asian: inherit; font-stretch: inherit; font-size: 14px; line-height: inherit; font-family: futura-pt, Helvetica, Arial, sans-serif; vertical-align: baseline; border-collapse: collapse; border-spacing: 0px; width: 500px; color: rgb(0, 45, 86);\"\u003e\r\n\t\u003cthead style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 0px; border: 0px; font: inherit; vertical-align: baseline;\"\u003e\r\n\t\t\u003ctr style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 0px; border: 1px solid rgb(0, 112, 175); font: inherit; vertical-align: baseline;\"\u003e\r\n\t\t\t\u003cth scope=\"col\" style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 10px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: 500; font-stretch: inherit; font-size: 16px; line-height: inherit; vertical-align: baseline; background-color: rgb(0, 157, 220); text-align: center; color: rgb(255, 255, 255);\"\u003e\u003cspan style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: inherit; font-family: futura-pt-bold, Helvetica, Arial, sans-serif; vertical-align: baseline;\"\u003eCouncil District\u003c/span\u003e\u003c/th\u003e\r\n\t\t\t\u003cth scope=\"col\" style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 10px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: 500; font-stretch: inherit; font-size: 16px; line-height: inherit; vertical-align: baseline; background-color: rgb(0, 157, 220); text-align: center; color: rgb(255, 255, 255);\"\u003e\u003cspan style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: inherit; font-family: futura-pt-bold, Helvetica, Arial, sans-serif; vertical-align: baseline;\"\u003eHomes in Progress\u003c/span\u003e\u003c/th\u003e\r\n\t\t\t\u003cth scope=\"col\" style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 10px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: 500; font-stretch: inherit; font-size: 16px; line-height: inherit; vertical-align: baseline; background-color: rgb(0, 157, 220); text-align: center; color: rgb(255, 255, 255);\"\u003e\u003cspan style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: inherit; font-family: futura-pt-bold, Helvetica, Arial, sans-serif; vertical-align: baseline;\"\u003eHomes Complete\u003c/span\u003e\u003c/th\u003e\r\n\t\t\u003c/tr\u003e\r\n\t\u003c/thead\u003e\r\n\t\u003ctbody style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 0px; border: 0px; font: inherit; vertical-align: baseline;\"\u003e\r\n\t\t\u003ctr style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 0px; border: 1px solid rgb(0, 112, 175); font: inherit; vertical-align: baseline;\"\u003e\r\n\t\t\t\u003ctd style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 10px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: bree-serif, Helvetica, Arial, sans-serif; vertical-align: baseline;\"\u003eDistrict 3\u003c/td\u003e\r\n\t\t\t\u003ctd style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 10px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: bree-serif, Helvetica, Arial, sans-serif; vertical-align: baseline; text-align: center;\"\u003e16\u003c/td\u003e\r\n\t\t\t\u003ctd style=\"box-sizing: border-box; -webkit-font-smoothing: antialiased; text-size-adjust: 100%; margin: 0px; padding: 10px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: bree-serif, Helvetica, Arial, sans-serif; vertical-align: baseline; text-align: center;\"\u003e7\u003c/td\u003e\r\n\t\t\u003c/tr\u003e\r\n\t\u003c/tbody\u003e\r\n\u003c/table\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Homebuying/ Homeownership\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n \n\u003c/span\u003e\n"},{"id":264,"title":"Mayor Bottoms Announces $60 Million in Funding for Affordable Housing","promo_title":"Mayor Bottoms Announces $60 Million in Funding for Affordable Housing","published_date":"2019-04-26","featured_image":{"id":879,"parent_id":5,"resource_file_name":"mayor_final.png","resource_content_type":"image/png","resource_file_size":1105645,"resource_updated_at":"2019-05-02T10:33:43.455-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":2,"created_at":"2019-05-02T10:33:43.592-04:00","updated_at":"2021-03-24T16:17:21.066-04:00","filename_hash":"mayor_final_YBmnyNm.png","width":1200,"height":535},"filename":"mayor-bottoms-announces-60-million-in-funding-for-affordable-housing","meta_data_id":null,"published":true,"token":"PQ5-Iw","created_at":"2019-04-26T09:02:10.745-04:00","updated_at":"2019-07-11T15:02:30.461-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n Mayor Keisha Lance Bottoms, in partnership with Atlanta Housing and Invest Atlanta,\u0026nbsp;announced $60 million in new spending for affordable housing projects.\u0026nbsp;\n\u003c/div\u003e\n","project_year":"2019","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp style=\"color: rgb(38, 38, 38); font-family: Arial; font-size: 16px; text-align: justify;\"\u003eMayor Keisha Lance Bottoms, in partnership with Atlanta Housing and Invest Atlanta, announced $60 million in new spending for affordable housing projects. The new funds were approved by Atlanta Housing Board of Commissioners at a meeting on Wednesday, April 24. The funds are projected to create and preserve more than 2,000 new affordable housing units in the city of Atlanta.\u003c/p\u003e\r\n\r\n\u003cp style=\"color: rgb(38, 38, 38); font-family: Arial; font-size: 16px; text-align: justify;\"\u003eMayor Bottoms has pledged to leverage $1 billion towards housing affordability to produce and preserve 20,000 units of affordable housing within the city of Atlanta by 2026. With this new funding, the Bottoms Administration has reached 20 percent of this goal to deliver a range of new affordable housing units and programing.\u003c/p\u003e\r\n\r\n\u003cp style=\"color: rgb(38, 38, 38); font-family: Arial; font-size: 16px; text-align: justify;\"\u003eThe new funds will be used to build units, preserve existing affordable units and spur community revitalization through investment in new or existing multifamily developments and rehabilitation of owner-occupied single-family homes. These funds will be used to develop quality affordable housing in the City of Atlanta through co-investment funds with Invest Atlanta.\u003c/p\u003e\r\n\r\n\u003cp style=\"color: rgb(38, 38, 38); font-family: Arial; font-size: 16px; text-align: justify;\"\u003e\u0026quot;This is a prime example of what can happen when government, the private sector, and our nonprofit partners join together for the common good,\u0026quot;\u0026nbsp;said Mayor Bottoms. \u0026quot;Today represents the new era of cooperation among our public and private partners that will help Atlanta remain a place where working families, and residents at all income levels, can afford to live and build their dreams as we become One Atlanta.\u0026quot;\u003c/p\u003e\r\n\r\n\u003cp style=\"color: rgb(38, 38, 38); font-family: Arial; font-size: 16px; text-align: justify;\"\u003e\u0026quot;This historic collaboration between the City of Atlanta, Invest Atlanta and Atlanta Housing shows that by working together, we can accomplish the mayor\u0026#39;s goal of creating $1 billion in affordable housing,\u0026quot; said Dr. Christopher Edwards, chairman of the AH Board of Commissioners.\u003c/p\u003e\r\n\r\n\u003cp style=\"color: rgb(38, 38, 38); font-family: Arial; font-size: 16px; text-align: justify;\"\u003e\u0026quot;This new funding is the result of true inter-agency collaboration,\u0026quot; said Terri Lee, City of Atlanta Chief Housing Officer. \u0026quot;By creating new affordable housing mechanisms, and having a laser-like focus in identifying funding opportunities, we can continue to help make Atlanta a city that everyone can call home.\u0026quot;\u003c/p\u003e\r\n\r\n\u003cp style=\"color: rgb(38, 38, 38); font-family: Arial; font-size: 16px; text-align: justify;\"\u003e\u0026quot;We, along with our partners, are focused on providing more affordable housing units throughout the city,\u0026quot; said Dr. Eloisa Klementich, President and CEO of Invest Atlanta. \u0026quot;Funding injections like this one will add to our already expansive and robust affordable housing toolkit to ensure greater equity and economic mobility in the City of Atlanta.\u0026quot;\u003c/p\u003e\r\n\r\n\u003cp style=\"color: rgb(38, 38, 38); font-family: Arial; font-size: 16px; text-align: justify;\"\u003eThe funding will be used towards several new and ongoing affordable housing programs, such as:\u003c/p\u003e\r\n\r\n\u003cul\u003e\r\n\t\u003cli style=\"color: rgb(38, 38, 38); font-family: Arial; font-size: 16px; text-align: justify;\"\u003e\u003cstrong\u003eMultifamily Gap Financing\u003c/strong\u003e\u0026nbsp;to support for new construction and acquisition or rehabilitation of multifamily properties within the City of Atlanta for long-term affordability.\u003c/li\u003e\r\n\t\u003cli style=\"color: rgb(38, 38, 38); font-family: Arial; font-size: 16px; text-align: justify;\"\u003e\u003cstrong\u003eSmall Urban Infill Financing\u003c/strong\u003e\u0026nbsp;to provide funding for small multifamily properties less than 100 units and single-family infill development with mixed-income affordability.\u003c/li\u003e\r\n\t\u003cli style=\"color: rgb(38, 38, 38); font-family: Arial; font-size: 16px; text-align: justify;\"\u003e\u003cstrong\u003eHeritage Owner-Occupied Rehab Program\u003c/strong\u003e\u0026nbsp;$10 million allocation to the Heritage ORR Program, a joint effort from partners including Invest Atlanta, City of Atlanta, the Atlanta Housing Authority, Choice Atlanta, Synergy Real Estate, and several other organizations to help lower-income residents remain in their homes and avoid displacement.\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\r\n\u003cp style=\"color: rgb(38, 38, 38); font-family: Arial; font-size: 16px; text-align: justify;\"\u003eThe City of Atlanta has worked closely with Invest Atlanta, Atlanta Housing, and the Atlanta Beltline on several recent affordable housing developments. These include the affordable senior housing developments The Remington, Gateway Capitol View, Legacy at Vine City, and the Madison Reynoldstown.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n \n\u003c/span\u003e\n"},{"id":262,"title":"Invest Atlanta Hosts Financial Literacy Event For Young Adults","promo_title":"Invest Atlanta Hosts Financial Literacy Event For Young Adults","published_date":"2019-04-22","featured_image":{"id":867,"parent_id":5,"resource_file_name":"financial_literacy_event_mc.png","resource_content_type":"image/png","resource_file_size":1179579,"resource_updated_at":"2019-04-23T09:03:07.783-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2019-04-23T09:03:07.869-04:00","updated_at":"2019-04-23T09:03:20.462-04:00","filename_hash":"financial_literacy_event_mc_7J7elM6.png","width":1200,"height":536},"filename":"invest-atlanta-hosts-financial-literacy-event-for-young-adults","meta_data_id":null,"published":true,"token":"e9N3uA","created_at":"2019-04-22T11:02:30.061-04:00","updated_at":"2019-04-23T09:03:20.442-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n The sold-out event\u0026nbsp;provided tips, tools, and tricks for making wise financial decisions both now and in the future.\n\u003c/div\u003e\n","project_year":"2019","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eTo celebrate Financial Literacy Month, Invest Atlanta hosted a financial literacy event and panel on April 11 to highlight the importance of financial literacy in millennials and young adults. The sold-out event provided tips, tools, and tricks for making wise financial decisions both now and in the future.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;Many people do not understand the importance of savings, credit, and the possibility of homeownership at a young age,\u0026rdquo; said Heide Billings, Homeownership Mortgage Loan Coordinator at Invest Atlanta. \u0026ldquo;We want to help guide and bridge the gap between young people and financial literacy.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eThe event began with networking followed by a panel of financial experts. Panelists included Robbie Pemberton and Kimberly Guiders of Regions Bank, Mitch Brown of Resources for Residents \u0026amp; Communities, Mendi C. Morrow of the Georgia Student Finance Commission, Kwame Tyler of State Farm, and Anita Allgood of Invest Atlanta. The panel was moderated by Edwin McDonald of Resources for Residents \u0026amp; Communities and Heide Billings of Invest Atlanta.\u003c/p\u003e\r\n\r\n\u003cp\u003ePanelists discussed a wide range of topics including how and why to build credit, affordable housing, auto insurance quotes, and more. Attendees were also able to have one-on-one sessions with the panelists to gain more insight and ask in-depth questions. \u0026quot;We are so happy and satisfied that the event turned out to be a success,\u0026quot; said Billings.\u0026nbsp;\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Homebuying/ Homeownership\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n \n\u003c/span\u003e\n"},{"id":261,"title":"Board Approves Support for Affordable Housing Developments Near Atlanta BeltLine and MARTA Transit","promo_title":"Board Approves Support for Affordable Housing Developments Near Atlanta BeltLine and MARTA Transit","published_date":"2019-04-18","featured_image":{"id":862,"parent_id":5,"resource_file_name":"ormewood_mc.png","resource_content_type":"image/png","resource_file_size":965124,"resource_updated_at":"2019-04-18T12:02:00.727-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":2,"created_at":"2019-04-18T12:02:00.796-04:00","updated_at":"2019-04-18T12:02:52.177-04:00","filename_hash":"ormewood_mc_1OLZjw6.png","width":1200,"height":536},"filename":"board-approves-support-for-affordable-housing-developments-near-atlanta-beltline-and-marta-transit","meta_data_id":null,"published":true,"token":"rWy-aw","created_at":"2019-04-18T12:02:52.142-04:00","updated_at":"2019-04-18T12:02:52.142-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n The Invest Atlanta Board of Directors approved resolutions to support the financing of two major multifamily housing developments at their monthly meeting.\u0026nbsp;\n\u003c/div\u003e\n","project_year":"2019","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eThe Invest Atlanta Board of Directors approved resolutions to support the financing of two major multifamily housing developments at their monthly meeting. The Abbington at Ormewood Park will bring 42 affordable rental units to the Atlanta BeltLine Overlay District, while the third phase the Edgewood-Candler Park MARTA Transit-Oriented Development will include 53 units.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eThe Abbington at Ormewood Park\u003c/strong\u003e\u003c/p\u003e\r\n\r\n\u003cp\u003eThe Board approved a loan of up to $300,000 in 2017 Housing Opportunity Bonds to support the new construction of 42 multifamily rental units along Moreland Avenue. The development will be located near the Atlanta BeltLine trail and East Atlanta Village. The loan is contingent on the developer, Rea Ventures Group, receiving a 9% Low Income Housing Tax Credit allocation through the State of Georgia\u0026rsquo;s Department of Community Affairs. Applications for this allocation are due in May and will be awarded Fall 2019.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe development will include a mix of units set aside for those earning 30%, 60%, and 80% of Area Median Income (AMI), and these units will remain affordable for at least 30 years.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;This is great for us because we also get to target some of the lower income families in that community,\u0026rdquo; Vickey Roberts, Underwriting \u0026amp; Transaction Services Manager at Invest Atlanta, said about the development.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eEdgewood-Candler Park MARTA TOD Phase III\u003c/strong\u003e\u003c/p\u003e\r\n\r\n\u003cp\u003eThe Board also approved lease purchase bond financing to support Phase III of the Transit-Oriented Development (TOD) at MARTA\u0026rsquo;s Edgewood-Candler Park Station. This phase, called Link, will include the construction of 208 units of multifamily rental housing, 53 units of which will be set aside for those earning 80% AMI or below.\u003c/p\u003e\r\n\r\n\u003cp\u003eInvest Atlanta \u003ca href=\"https://www.investatlanta.com/impact-insights/workforce-housing-edgewood-tod\"\u003esupported Spoke, the first phase\u003c/a\u003e of the development, through lease purchase bond financing, while Atlanta Emerging Markets, Inc. (AEMI) provided an $8.4 million New Markets Tax Credit allocation for Phase II.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Eastside\n\u003c/span\u003e\n"},{"id":257,"title":"New Affordable Housing Developments Demonstrate Power of Partnerships","promo_title":"New Affordable Housing Developments Demonstrate Power of Partnerships","published_date":"2019-03-26","featured_image":{"id":846,"parent_id":5,"resource_file_name":"milton_mc.png","resource_content_type":"image/png","resource_file_size":914872,"resource_updated_at":"2019-03-26T16:19:06.807-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":2,"created_at":"2019-03-26T16:19:06.939-04:00","updated_at":"2019-07-11T15:04:43.713-04:00","filename_hash":"milton_mc_6abenrq.png","width":1200,"height":536},"filename":"new-affordable-housing-developments-demonstrate-power-of-partnerships","meta_data_id":null,"published":true,"token":"bbrsHA","created_at":"2019-03-26T16:19:57.200-04:00","updated_at":"2019-03-27T10:18:17.724-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n Last week at its monthly meeting, the Invest Atlanta Board of Directors supported the preservation or creation of 288 multifamily rental housing units, 232 of which will be available to those earning 60 percent of Area Median Income (AMI) or below.\n\u003c/div\u003e\n","project_year":"2019","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eLast week at its monthly meeting, the Invest Atlanta Board of Directors supported the preservation or creation of 288 multifamily rental housing units, 232 of which will be available to those earning 60 percent of Area Median Income (AMI) or below.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eThe Board approved support from tax-exempt bond financing and the Atlanta BeltLine Affordable Housing Trust Fund for two large multifamily developments\u0026mdash;Madison Reynoldstown and 55 Milton\u0026mdash;both of which sit along the Atlanta BeltLine. Another item receiving approval allowed for the negotiation of a long-term ground lease that will allow the Westside Future Fund to redevelop four properties into 36 units of quality, affordable housing.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;When we work together to tackle key issues like affordable housing, great things can happen,\u0026rdquo; said Mayor Bottoms. \u0026ldquo;Ensuring that more people in the City of Atlanta have access to safe, quality, affordable housing is a major component of our One Atlanta vision. Our actions represent another step in the right direction, and I am looking forward to increasing Atlanta\u0026rsquo;s affordable housing inventory as the year progresses.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;Today\u0026rsquo;s actions to create and preserve affordable housing in the City of Atlanta demonstrate the power of partnerships,\u0026rdquo; said Terri Lee, Chief Housing Officer, City of Atlanta. \u0026ldquo;Under the leadership of Mayor Bottoms, we are working alongside Invest Atlanta, the Atlanta BeltLine, Atlanta Housing, Westside Future Fund and others to achieve long-term affordability for more of our residents. It\u0026rsquo;s particularly important for us to support developments with this kind of income mix in areas where a lot of development is happening, such as Memorial Drive and the Atlanta BeltLine.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eWestside Neighborhoods\u003c/strong\u003e\u003cbr /\u003e\r\n\u003cbr /\u003e\r\nOver the last four years, Invest Atlanta has acquired vacant properties in Westside with the intent to preserve and create affordable housing in these neighborhoods. The Invest Atlanta Board authorized the negotiation of a long-term ground lease with Westside Future Fund on four properties to allow for the complete renovation of 20 units and new construction of up to 16 units of affordable rental housing.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eThe long-term lease partnership structure between Invest Atlanta and the Westside Future Fund will ensure a greater level of affordability for a longer duration on these properties. Once complete, 36 units will be available to households with incomes from 30 percent to 60 percent AMI, in perpetuity.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;Rapidly accelerating affordable housing development across income levels requires a coordinated approach from the City, agencies and our partners,\u0026rdquo; said Dr. Eloisa Klementich, President and CEO of Invest Atlanta. \u0026ldquo;We need to continually challenge ourselves and our partners to find new approaches to addressing this issue and fully leverage our available resources. With these board items, Invest Atlanta has facilitated the creation of more than 1,200 affordable housing units since 2018 as part Mayor Bottoms\u0026#39; affordable housing strategy.\u0026rdquo;\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eMadison Reynoldstown\u003c/strong\u003e\u003cbr /\u003e\r\n\u003cbr /\u003e\r\nThe Invest Atlanta Board approved $17 million in tax-exempt bond financing and a $2 million grant from the BeltLine Affordable Housing Trust Fund to finance the construction of Madison Reynoldstown, which will sit along Memorial Drive with direct frontage to the Atlanta BeltLine Eastside Trail. The 116-unit multifamily development will have 78 units set aside for those earning 60 percent AMI or below with remaining units available up to 80 percent of AMI.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe partnership on this property is a unique one with Atlanta Housing, who will acquire the site from Atlanta BeltLine and ground lease it to Rea Ventures Group to develop. AHA is also providing $8.5 million in financing and the property will have 46 HomeFlex units that allow tenants to pay no more than 30 percent of their income on rent.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eThis development represents an important opportunity to preserve affordability along Memorial Drive and shows a path forward in the collective approach to achieving affordability on the Atlanta BeltLine, with private and public partners all playing different roles.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;We are glad to support the City\u0026rsquo;s vision in making strides toward a more equitable and inclusive Atlanta,\u0026rdquo; said Clyde Higgs, President and CEO of Atlanta BeltLine, Inc. \u0026ldquo;ABI and its partners are proactively securing affordability around future segments of the Atlanta BeltLine such as the Southside Trail, to ensure legacy residents can continue to thrive in their communities and benefit from the opportunities the Atlanta BeltLine brings.\u0026rdquo;\u003cbr /\u003e\r\n\u0026nbsp;\u003cbr /\u003e\r\n\u003cstrong\u003e55 Milton\u003c/strong\u003e\u003cbr /\u003e\r\n\u003cbr /\u003e\r\nThe Invest Atlanta Board approved $17.5 million in tax-exempt bond financing and $2 million in funding from the BeltLine Affordable Housing Trust Fund for 55 Milton, a 136-unit multifamily rental housing development that will have 118 units set aside for households earning 60 percent AMI or below. The affordable units will consist of a healthy mix of units for those restricted to the 40 percent, 60 percent and 80 percent AMI levels.\u003c/p\u003e\r\n\r\n\u003cp\u003e55 Milton will be located along the Atlanta BeltLine Southside Trail in the Peoplestown neighborhood.\u0026nbsp; The Prestwick Companies previously worked with Invest Atlanta on Gateway Capitol View, a 162-unit affordable senior housing rental development that opened last year in Southwest Atlanta.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n \n\u003c/span\u003e\n"},{"id":251,"title":"Mayor Bottoms Recognizes Owner-Occupied Rehab Participant at State of the City","promo_title":"Mayor Bottoms Recognizes Owner-Occupied Rehab Participant at State of the City","published_date":"2019-03-14","featured_image":{"id":833,"parent_id":5,"resource_file_name":"jackson_orr_insight.png","resource_content_type":"image/png","resource_file_size":1274319,"resource_updated_at":"2019-03-14T13:57:05.594-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":2,"created_at":"2019-03-14T13:57:05.973-04:00","updated_at":"2019-03-15T08:59:41.488-04:00","filename_hash":"jackson_orr_insight_mpWJnjx.png","width":1200,"height":614},"filename":"mayor-bottoms-recognizes-owner-occupied-rehab-participant-at-state-of-the-city","meta_data_id":null,"published":true,"token":"K8SBtQ","created_at":"2019-03-14T14:01:11.219-04:00","updated_at":"2019-03-15T08:59:41.448-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n In her State of the City speech, Mayor Keisha Lance Bottoms recognized Carolyn Jackson as a great example of how the Heritage Owner-Occupied Rehab program has helped keep longtime residents in their homes.\n\u003c/div\u003e\n","project_year":"2019","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eIn her State of the City speech, Mayor Keisha Lance Bottoms recognized Carolyn Jackson as a great example of how the \u003ca href=\"/homebuyers/owner-occupied-rehab\"\u003eHeritage Owner-Occupied Rehab\u003c/a\u003e program has helped keep longtime residents in their homes.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;Thanks to the Owner-Occupied Rehab Program, Mrs. Jackson will now be able to remain in the house she has called home for more than four decades,\u0026rdquo; said Mayor Bottoms. \u0026ldquo;She has not quit on Atlanta, and the City of Atlanta has not quit on her.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eMrs. Jackson has lived in her southwest Atlanta home for more than four decades. She is the widow of a military veteran and worked at Grady Hospital for thirty as years as a Certified Nursing Assistance specializing in adolescent clinical care.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;I\u0026rsquo;m totally satisfied,\u0026rdquo; said Mrs. Jackson when asked about her experience with the program. \u0026ldquo;I\u0026rsquo;m just thankful I was picked to participate in the program.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eAs a recipient of a forgivable Heritage Owner Occupied Rehab loan, she has been able to afford critical health and safety repairs on her home. She had plenty of necessary work done, including work on her roof, new gutters, and new paint on the exterior of her home.\u003c/p\u003e\r\n\r\n\u003cp\u003eHere is the portion of the \u003ca href=\"https://www.atlantaga.gov/government/mayor-s-office/executive-offices/office-of-communications/2019-state-of-the-city\"\u003eState of the City\u003c/a\u003e remarks about Mrs. Jackson:\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp style=\"margin-left: 40px;\"\u003eGentrification is no justification for pushing people out of neighborhoods who\u0026#39;ve been there for decades \u0026ndash; people like Carolyn Jackson.\u003c/p\u003e\r\n\r\n\u003cp style=\"margin-left: 40px;\"\u003eMrs. Jackson has lived in her home in Southwest Atlanta for 42 years.\u003c/p\u003e\r\n\r\n\u003cp style=\"margin-left: 40px;\"\u003eShe lost her husband when he was just 33 years old.\u003c/p\u003e\r\n\r\n\u003cp style=\"margin-left: 40px;\"\u003eShe raised two children on her own, working at Grady Hospital as a Certified Nursing Assistant for 30\u003cbr /\u003e\r\nyears.\u003c/p\u003e\r\n\r\n\u003cp style=\"margin-left: 40px;\"\u003eShe is currently caring for her 15-year-old grandson.\u003c/p\u003e\r\n\r\n\u003cp style=\"margin-left: 40px;\"\u003eLike many seniors, she\u0026rsquo;s found it challenging to keep up with major home repairs.\u003c/p\u003e\r\n\r\n\u003cp style=\"margin-left: 40px;\"\u003eLast year, Invest Atlanta established the Owner-Occupied Rehab Program to help people like Mrs.\u003cbr /\u003e\r\nJackson.\u003c/p\u003e\r\n\r\n\u003cp style=\"margin-left: 40px;\"\u003eThrough forgivable loans, Mrs. Jackson fixed her roof and repaired leaks throughout her house.\u003c/p\u003e\r\n\r\n\u003cp style=\"margin-left: 40px;\"\u003eThanks to the Owner-Occupied Rehab Program, Mrs. Jackson will now be able to remain in the house she has called home for more than four decades.\u003c/p\u003e\r\n\r\n\u003cp style=\"margin-left: 40px;\"\u003eShe has not quit on Atlanta, and the City of Atlanta has not quit on her.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe Heritage ORR Program is a joint effort from partners including Invest Atlanta, City of Atlanta, the Atlanta Housing Authority, Choice Atlanta, Synergy Real Estate, and several other organizations, implemented the program to help lower-income residents remain in their homes and avoid displacement.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eMayor Bottoms reiterated her pledge to leverage $1 billion dollars towards housing affordability and her goal to produce and preserve 20,000 units of affordable housing within the City of Atlanta by 2026.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Homebuying/ Homeownership\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n \n\u003c/span\u003e\n"},{"id":249,"title":"True Light Haven Development to Offer 124 New Affordable Housing Units for Seniors","promo_title":"True Light Haven Development to Offer 124 New Affordable Housing Units for Seniors","published_date":"2019-02-22","featured_image":{"id":824,"parent_id":5,"resource_file_name":"true_life_haven.png","resource_content_type":"image/png","resource_file_size":1308988,"resource_updated_at":"2019-02-22T10:36:58.040-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":2,"created_at":"2019-02-22T10:36:58.128-05:00","updated_at":"2019-02-26T09:00:08.872-05:00","filename_hash":"true_life_haven_ZOB1eoo.png","width":1200,"height":723},"filename":"true-light-haven-development-to-offer-124-new-affordable-housing-units-for-seniors","meta_data_id":null,"published":true,"token":"JyKkKQ","created_at":"2019-02-22T10:38:53.801-05:00","updated_at":"2019-02-26T09:00:08.839-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n The Invest Atlanta Housing Committee approved $1.2 million in Housing Opportunity Bond financing for the construction of the 124-unit True Light Haven senior affordable housing development.\u0026nbsp;\n\u003c/div\u003e\n","project_year":"2019","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eThe Invest Atlanta Housing Committee approved $1.2 million in Housing Opportunity Bond financing for the construction of the 124-unit True Light Haven senior affordable housing development. The Committee took action at their monthly meeting on Thursday, February 14, 2019.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eOf the units, 119 will be set aside for seniors 55-years-old and above earning 60% or below the Area Median Income (AMI), and 5 units will be rented to those earning 50% AMI or below.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eNational Church Residences, in partnership with True Light Baptist Church, is developing the project and will take a holistic approach to ensuring each resident can remain independent with a high quality of life.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;Penelope Neighbors\u0026nbsp;is full of seniors, the area is about 95%\u0026nbsp;seniors,\u0026rdquo; said Derrick Jordan of National Church Residences. \u0026ldquo;What we\u0026rsquo;re going to do here in Atlanta, we have built a new system in the community. We have a service coordinator that will go up to 3-mile radius outside the community and help and assist seniors in that community.\u0026rdquo;\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eOnce complete, the seniors living at True Life Haven will live near the West Lake MARTA station and have access to amenities including a fitness center, a business center with computer stations, a community garden,\u0026nbsp;and a central laundry facility.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eInvest Atlanta has worked with National Church Residencies before. IA provided $3.5 million in tax-exempt bond financing for the 62-unit Betmar Village senior affordable housing development in southwest Atlanta.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;We thank you for helping the community,\u0026rdquo; said Bill Bozarth, Secretary of the Invest Atlanta Board of Directors. \u0026ldquo;You\u0026rsquo;ve done the right things, you\u0026rsquo;ve been working with the community, and we appreciate that.\u0026rdquo;\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Westside\n\u003c/span\u003e\n"},{"id":241,"title":"Invest Atlanta Board Supports New Affordable Housing for Southwest Atlanta and Westside Neighborhoods","promo_title":"Invest Atlanta Board Supports New Affordable Housing for Southwest Atlanta and Westside Neighborhoods","published_date":"2019-01-17","featured_image":{"id":783,"parent_id":5,"resource_file_name":"hartland_station_insight.png","resource_content_type":"image/png","resource_file_size":1318023,"resource_updated_at":"2019-01-17T09:55:07.134-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":3,"created_at":"2019-01-17T09:55:07.200-05:00","updated_at":"2019-01-22T08:54:39.841-05:00","filename_hash":"hartland_station_insight_jpkKXjV.png","width":1200,"height":609},"filename":"invest-atlanta-board-supports-new-affordable-housing-for-southwest-atlanta-and-westside-neighborhoods","meta_data_id":null,"published":true,"token":"7Th_JA","created_at":"2019-01-17T14:08:54.171-05:00","updated_at":"2019-01-22T08:54:39.807-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n Mayor Bottoms and the Invest Atlanta Board of Directors approved financing for several affordable housing developments at the board\u0026rsquo;s first meetings of 2019.\n\u003c/div\u003e\n","project_year":"2019","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eMayor Bottoms and the Invest Atlanta Board of Directors approved financing for several affordable housing developments at the board\u0026rsquo;s first meetings of 2019. The projects will bring new affordable rental units along one of the City of Atlanta\u0026rsquo;s most important emerging commercial corridors, as well as affordable for-sale properties in the Westside neighborhoods of Vine City and English Avenue.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;We continue to focus on new and different solutions to meet Atlanta\u0026rsquo;s affordable housing needs,\u0026rdquo; said Mayor Keisha Lance Bottoms. \u0026ldquo;Achieving our vision for One Atlanta will require providing support for an array of housing options for our legacy residents. Our actions represent a good first step for us as we look to make significant progress toward that goal in 2019.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;As Atlanta continues to grow, we need to be even more strategic and resourceful in finding ways to achieve affordability throughout the city,\u0026rdquo; said Dr. Eloisa Klementich, President and CEO of Invest Atlanta. \u0026ldquo;These three projects represent the type of thinking needed to make affordable living in the city an option for many more residents. Long-term ground leases, land trust models, and layered financing strategies give us a bigger toolbox to work with and opportunities to address more of the affordability spectrum.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eCityPlace Affordable Housing\u003c/strong\u003e\u003c/p\u003e\r\n\r\n\u003cp\u003eThe Board approved a loan increase of up to $1,000,000 from the Vine City Housing Trust Fund to Place Properties to construct affordable modular single-family homes for sale in the English Avenue and Vine City neighborhoods.\u003c/p\u003e\r\n\r\n\u003cp\u003ePreviously, Place Properties completed an initial home located at 621 James P. Brawley and will use this funding to complete 5 additional residences. At the board\u0026rsquo;s direction, Place Properties and Invest Atlanta staff collaborated to make the homes affordable with lower-cost designs and did so through modular design and varied housing styles and structures, including duplexes, triplexes, and grannie flats.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe next five units for sale will have target price points between $135,000-$160,000, a significant reduction from the original target price point. With down payment assistance programs, the homes could potentially be available to households earning between 60 to 80 percent of the area median income (AMI). These homes will also be Invest Atlanta\u0026rsquo;s first completed properties placed within the Atlanta Land Trust, which will provide permanent homeownership affordability.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eUrban Oasis\u003c/strong\u003e\u003c/p\u003e\r\n\r\n\u003cp\u003eThe Invest Atlanta Board approved a loan of up to $250,000 from the Vine City Housing Trust Fund to finance construction on four single-family, for-sale homes in the English Avenue neighborhood. Sims Real Estate Group will rehab and restore three currently blighted homes and construct one new home. Once work is complete, the three rehabbed homes will be available to families earning 80 percent AMI or below, and the new home will be for sale to families earning 100-120 percent AMI. Down payment assistance will be available through Invest Atlanta for purchasers to ensure greater levels of affordability.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe project fits within the City of Atlanta\u0026rsquo;s overall strategy to make as many homes affordable for legacy residents. It does so by using a novel approach within the City of Atlanta of having a 99-year ground lease at $1 per year to eliminate land costs from the purchase price. The goal is to give these properties over to the Atlanta Land Trust to ensure affordability in perpetuity.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eHartland Station\u003c/strong\u003e\u003c/p\u003e\r\n\r\n\u003cp\u003eThe Invest Atlanta Board approved up to $1.3 million in pay-as-you-go grant funding from the Metropolitan Parkway TAD for the 130-unit Hartland Station multi-family development.\u0026nbsp; Invest Atlanta previously supported Hartland Station with $14 million in tax-exempt bond and gap financing.\u0026nbsp; The development will be a modern garden style, 3-story community aimed at revitalizing a portion of an underserved commercial corridor along Metropolitan Parkway in the Sylvan Hills neighborhood.\u003c/p\u003e\r\n\r\n\u003cp\u003eHartland Station will include 40 units set aside for those earning 50 percent AMI and below and 70 units set aside for those earning 60 percent AMI or below. This residential community will be equipped with several amenities including a business center, a picnic area, tot lots and an exercise room. To ensure this level of affordability, Invest Atlanta is providing additional layers of financing, including tax-exempt bonds and a Housing Opportunity Bond loan. This level of affordability will be in place for 30 years.\u003c/p\u003e\r\n\r\n\u003cp\u003eThrough its various affordable housing strategies, Invest Atlanta continues to play a key role in helping the Mayor Bottoms and City of Atlanta bring more affordability to the city. In 2018, Invest Atlanta supported the creation of 926 units of affordable housing intended for residents earning 30 to 80 percent AMI.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Southside\n\u003c/span\u003e\n"},{"id":238,"title":"Heritage Owner-Occupied Rehab Is Helping Lifelong Residents Make Critical Repairs","promo_title":"Heritage Owner-Occupied Rehab Is Helping Lifelong Residents Make Critical Repairs","published_date":"2019-01-09","featured_image":{"id":781,"parent_id":1,"resource_file_name":"oor_roof.jpg","resource_content_type":"image/jpeg","resource_file_size":539996,"resource_updated_at":"2019-01-09T10:57:35.384-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":2,"created_at":"2019-01-09T10:57:35.450-05:00","updated_at":"2019-03-08T13:42:41.143-05:00","filename_hash":"oor_roof_kb4Bg7y.jpg","width":2500,"height":1194},"filename":"owner-occupied-rehab-is-helping-life-long-residents-make-critical-repairs","meta_data_id":null,"published":true,"token":"kDJWNQ","created_at":"2019-01-09T10:58:29.631-05:00","updated_at":"2019-03-08T13:42:41.105-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n Jeanette Henderson is Atlanta native and has been a homeowner in the City of Atlanta for 55 years. As a recipient of a forgivable\u0026nbsp;Heritage Owner Occupied Rehab\u0026nbsp;loan, Henderson is able to afford critical health and safety repairs on her home.\n\u003c/div\u003e\n","project_year":"2019","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eJeanette Henderson is Atlanta native and has been a homeowner in the City of Atlanta for 65 years. As a recipient of a forgivable\u0026nbsp;\u003ca href=\"/homebuyers/owner-occupied-rehab\"\u003eHeritage Owner Occupied Rehab\u003c/a\u003e\u0026nbsp;loan, Henderson is able to afford critical health and safety repairs on her home.\u003cbr /\u003e\r\n\u0026nbsp;\u003cbr /\u003e\r\nInvest Atlanta, with support from the City of Atlanta, the Atlanta Housing Authority, Choice Atlanta, Executive Realty Solutions, and several other organizations, implemented the program to help lower-income residents remain in their homes and avoid displacement. After a successful pilot program in the Vince City and English Avenue neighborhoods, the program was able to expand.\u003cbr /\u003e\r\n\u0026nbsp;\u003cbr /\u003e\r\nThe program serves senior households aged 55 and older, military veterans, disabled head of households, and those that have been in their homes for 15 or more years. \u0026ldquo;A lot of people don\u0026rsquo;t think about the seniors,\u0026rdquo; said Henderson. \u0026ldquo;I think the program is a nice thing for senior citizens because seniors don\u0026rsquo;t really have a lot of money to get these things done.\u0026rdquo;\u003cbr /\u003e\r\n\u0026nbsp;\u003cbr /\u003e\r\nHenderson bought her home because she was interested in being a homeowner instead of renting an apartment in Atlanta. With her loan, she is able to remove mold, install new planks, treat and repair termite damage, repair her hot water tank, upgrade pipes, and replace her stairs.\u003cbr /\u003e\r\n\u0026nbsp;\u003cbr /\u003e\r\n\u0026ldquo;Some seniors can afford to get some things done but they can\u0026rsquo;t afford to get\u0026nbsp;\u003cem\u003eeverything\u003c/em\u003e\u0026nbsp;done,\u0026rdquo; said Henderson. \u0026ldquo;This program was a great idea!\u0026rdquo;\u003cbr /\u003e\r\n\u0026nbsp;\u003cbr /\u003e\r\nThe Heritage Owner Occupied Rehab programs are part of Mayor Bottoms\u0026rsquo; larger goal of investing $1 billion from public and private sources to support affordable housing in Atlanta, the largest such investment in our city\u0026rsquo;s history.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Homebuying/ Homeownership\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n \n\u003c/span\u003e\n"},{"id":229,"title":"Invest Atlanta and Partners Cut the Ribbon on Innovative Springview-Summerhill Affordable Housing Community","promo_title":"Invest Atlanta and Partners Cut the Ribbon on Innovative Springview-Summerhill Affordable Housing Community","published_date":"2018-11-08","featured_image":{"id":744,"parent_id":5,"resource_file_name":"springview_insight.png","resource_content_type":"image/png","resource_file_size":840670,"resource_updated_at":"2018-11-09T09:42:09.197-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":2,"created_at":"2018-11-09T09:42:09.260-05:00","updated_at":"2018-11-09T09:43:28.019-05:00","filename_hash":"springview_insight_bzVVV5z.png","width":1000,"height":488},"filename":"invest-atlanta-and-partners-cut-the-ribbon-on-innovative-springview-summerhill-affordable-housing-community","meta_data_id":null,"published":true,"token":"lHicNQ","created_at":"2018-11-09T09:43:27.976-05:00","updated_at":"2018-11-09T09:43:27.976-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n Springview, an affordable housing community located off the Cleveland Avenue corridor, is undergoing extensive improvements, including the implementation of education and community programs.\n\u003c/div\u003e\n","project_year":"2018","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eLed by Invest Atlanta President and CEO Eloisa Klementich, housing and education leaders cut the ribbon at Springview Apartments Wed., Nov. 7. The paper-chain \u0026ldquo;ribbon\u0026rdquo; was made by students at nearby Cleveland Avenue ElementarySchool. Springview, an affordable housing community located off the Cleveland Avenue corridor, is undergoing extensive improvements, including the implementation of education and community programs.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;The Springview-Summerdale community represents a unique collaboration between the public, private and philanthropic sectors,\u0026rdquo; said Dr. Eloisa Klementich, President and CEO of Invest Atlanta. \u0026ldquo;This holistic approach will provide residents with high-quality housing, as well as critically important wrap-around services including after-school, summer camp and wellness programs. We are proud to be part of this partnership that will lift up the individuals and families who reside here, as well as help build stronger communities that provide greater opportunities for all Atlantans.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eSpringview (and the neighboring Summerdale Apartments) were purchased this summer by TriStar, through its TriStar Community Impact Fund, with the support of Invest Atlanta and Atlanta Housing. The property received $1.5 million in funding from Invest Atlanta\u0026rsquo;s Housing Opportunity Bond program to renovate blighted units. The Atlanta Housing component is its HomeFlex Program, which is a project-based voucher program designed to provide affordable housing assistance to those living close to the poverty line. Its partnership will ensure long-term affordability at Summerdale and Springview.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe Springview/Summerdale Apartments endeavor is part of Mayor Bottoms\u0026rsquo; larger goal of investing $1 billion from public and private sources to support affordable housing in Atlanta.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe 244-unit adjacent properties are situated off Cleveland Avenue in the City of Atlanta. The TriStar Community Impact Fund\u0026rsquo;s mission is to improve educational performance by reducing student transiency. It purchases apartments near high-need schools, stabilizing affordable housing communities by its mandate to keep rents affordable. The partner school in this effort is nearby Cleveland Avenue Elementary.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;Cleveland Avenue Elementary School provides a supportive learning environment which fosters intellectual, social-emotional, and creative growth in order to prepare every student for college and career,\u0026rdquo; says Dr. Anye\u0026eacute; D. Payne, the school\u0026rsquo;s principal. \u0026ldquo;After-school and other services provided by non-profits like Star-C can help our students have an even greater chance for success.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eSpringview/Summerdale owner TriStar partners with Star-C, a non-profit education model with an affordable housing solution. Star-C programs assist economically disadvantaged families living in affordable housing communities by providing wraparound services ranging from after-school programs to healthcare. The apartment community\u0026rsquo;s owner contributes approximately 50 percent of the cost to operate Star-C programs; the remaining funds are sourced from foundations, donations and grants.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;We know that wrap-around supports and family stability are critical factors that impact student learning and life outcomes,\u0026rdquo; says Atlanta Public Schools Superintendent Dr. Maria Carstarphen. \u0026ldquo;Organizations such as Star-C can have a positive impact for students and the community, and I am appreciative of the efforts to support our APS families.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eIn addition to Klementich, those on hand included Brandon Riddick-Seals, Interim CEO, Atlanta Housing; Tammie Workman, Assistant Superintendent, Student Services, Atlanta Public Schools; Duncan Gibbs and Marjy Stagmeier, Partners, TriStar Real Estate Investment; and a host of other community, housing and education leaders.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;Sometimes overlooked is the important connection between education and housing, and the critical impact that housing has on the educational achievement of our children,\u0026rdquo; says Audrea Rease, Executive Director, Star-C. \u0026ldquo;With quality, affordable housing, student transiency can be reduced, and students can have improved educational outcomes. We\u0026rsquo;re ready to continue building partnerships to deploy this solution to more communities and schools across Metro Atlanta and beyond in order to promote this synergy.\u0026rdquo;\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Southside\n\u003c/span\u003e\n"},{"id":224,"title":"Invest Atlanta Announces Atlanta’s First Transit-Oriented Development Fund","promo_title":"Invest Atlanta Announces Atlanta’s First Transit-Oriented Development Fund","published_date":"2018-10-17","featured_image":{"id":730,"parent_id":5,"resource_file_name":"king_memorial_tod_insight.png","resource_content_type":"image/png","resource_file_size":870278,"resource_updated_at":"2018-10-17T11:37:40.346-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":2,"created_at":"2018-10-17T11:37:40.393-04:00","updated_at":"2018-10-17T11:39:48.592-04:00","filename_hash":"king_memorial_tod_insight_npXLK1E.png","width":1000,"height":477},"filename":"invest-atlanta-announces-atlantas-first-transit-oriented-development-fund","meta_data_id":null,"published":true,"token":"JVAuWQ","created_at":"2018-10-17T11:39:48.562-04:00","updated_at":"2018-10-17T11:39:48.562-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n Invest Atlanta recently announced the creation of a $15 million transit-oriented development (TOD) fund. This $15 million pilot fund will provide below-market, patient capital to support the acquisition and pre-development of workforce housing near MARTA stations, the Atlanta Streetcar, the Atlanta BeltLine and other modes of transit.\n\u003c/div\u003e\n","project_year":"2018","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eInvest Atlanta recently announced the creation of a $15 million transit-oriented development (TOD) fund. This $15 million pilot fund will provide below-market, patient capital to support the acquisition and pre-development of workforce housing near MARTA stations, the Atlanta Streetcar, the Atlanta BeltLine and other modes of transit. The fund will include $4.5 million of City of Atlanta Housing Opportunity Bond financing with an additional $10.5 million from Enterprise Community Loan Fund and Low Income Investment Fund.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;Every day, about 70 percent of our region commutes to a different county for work, which affects the productivity and economic output of our workforce,\u0026rdquo; said Dr. Eloisa Klementich, President and CEO of Invest Atlanta. \u0026ldquo;Lowering a worker\u0026rsquo;s commute time by just one hour per week can effectively increase that worker\u0026rsquo;s wages by almost $1,000 annually. If we can achieve this with just 20 percent of our workforce through investments like the transition-oriented development fund, we can inject an extra $460 million into our local economy.\u0026rdquo;\u003cbr /\u003e\r\n\u0026nbsp;\u003cbr /\u003e\r\nThe $15 million in revolving funds will be used to provide low-interest loans to non-profit and for-profit affordable housing real estate developers. This financing structure will enable developers to access capital for TOD projects at a lower cost than traditional financing options. The projects supported through the pilot program will serve as case studies to attract additional sources of capital to the fund in the future. Enterprise Community Loan Fund and Low Income Investment Fund have implemented similar funding mechanisms in other areas, including the San Francisco Bay Area, Seattle/Puget Sound and Denver.\u003cbr /\u003e\r\n\u0026nbsp;\u003cbr /\u003e\r\nThe recent approval of the final More MARTA plan will make Atlanta a more transit-oriented city. By creating more affordable living options near transit with direct accessibility to major employment centers, the TOD Fund will provide greater economic opportunity for more residents across the city.\u0026nbsp;\u003cbr /\u003e\r\n\u0026nbsp;\u003cbr /\u003e\r\nSome recent transit-oriented developments supported by the City of Atlanta through Invest Atlanta include:\u003c/p\u003e\r\n\r\n\u003cul\u003e\r\n\t\u003cli\u003e\u003cstrong\u003eKing Memorial MARTA TOD: \u003c/strong\u003eA 385-unit modular multifamily community at the King Memorial MARTA station with 93 units income-restricted to households earning 80 percent of the area median income (AMI). The project included a $6 million Eastside Tax Allocation District (TAD) grant through Invest Atlanta to Place Properties to support the $64.5 million development.\u003c/li\u003e\r\n\t\u003cli\u003e\u003cstrong\u003eEdgewood-Candler Park MARTA TOD: \u003c/strong\u003eA mixed-use development near the Edgewood-Candler Park MARTA Station with retail and 224 apartments, 34 of which are designated as workforce housing. Financing for the project included a $42.9 million lease-purchase bond transaction approved by the Invest Atlanta board.\u003c/li\u003e\r\n\t\u003cli\u003e\u003cstrong\u003e161 Peachtree: \u003c/strong\u003eA 14-story, 345-unit residential tower at 161 Peachtree Center Avenue in Downtown Atlanta. Seventy units will be set aside for affordable workforce housing. The project included a $9 million Eastside TAD grant.\u003c/li\u003e\r\n\t\u003cli\u003e\u003cstrong\u003eThe Avery at Underground: \u003c/strong\u003eA 4-story, 180-unit multifamily workforce housing development to be developed at Underground with access to MARTA\u0026rsquo;s Five Points station.\u0026nbsp; The project received a $3.6 million Eastside TAD grant.\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n \n\u003c/span\u003e\n"},{"id":219,"title":"Board Takes Action to Support Affordable Housing at 3 Key Atlanta Developments","promo_title":"Board Takes Action on Supporting Affordable Housing at 3 Key Atlanta Developments","published_date":"2018-09-20","featured_image":{"id":721,"parent_id":5,"resource_file_name":"pakrside_qy_insight.png","resource_content_type":"image/png","resource_file_size":1165049,"resource_updated_at":"2018-09-20T13:51:58.758-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":4,"created_at":"2018-09-20T13:51:58.822-04:00","updated_at":"2019-09-19T13:30:11.795-04:00","filename_hash":"pakrside_qy_insight_ZOXw1vW.png","width":1299,"height":585},"filename":"board-takes-action-on-supporting-affordable-housing-at-3-key-atlanta-developments","meta_data_id":null,"published":true,"token":"BYz_Kw","created_at":"2018-09-20T13:53:11.655-04:00","updated_at":"2018-09-20T14:05:22.383-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n The Invest Atlanta Board of Directors approved several resolutions that will provide support for the development of new affordable housing in the City of Atlanta.\u0026nbsp;\n\u003c/div\u003e\n","project_year":"2018","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eThe Invest Atlanta Board of Directors took several actions that will support the development of new affordable housing in the City of Atlanta.\u0026nbsp; At their monthly meeting on Thursday, September 20, the Board approved support for three key developments: City Lights IIA in the Old Fourth Ward, Parkside at Quarry Yards in Bankhead, and 161 Peachtree in Downtown Atlanta.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eCity Lights IIA:\u003c/strong\u003e The Invest Atlanta Board approved up to $52 million in lease purchase bond financing, as well as an inducement resolution to provide $20 million in tax-exempt bond financing, for this new five-story affordable housing development.\u0026nbsp; City Lights IIA will have 124 housing units available to families earning 60% of the Area Median Income (AMI) or below. Residents will pay no more than 30% of their income on rent. The complex will be located in the Old Fourth Ward community and\u0026nbsp;conveniently located near several MARTA bus stops, restaurants,\u0026nbsp;and\u0026nbsp;the award-winning Historic Fourth Ward Park.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eParkside at Quarry Yards:\u003c/strong\u003e This development along the Atlanta BeltLine in the Bankhead neighborhood will include 177 units of multifamily housing, of which 71 units (40%) will be set aside for households earning 60% AMI or below. The Board approved resolutions supporting a total of up to $22 million in tax-exempt bond financing and a $2 million loan through the BeltLine Affordable Housing Trust Fund.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003e161 Peachtree: \u003c/strong\u003eThe Board approved up to $120 million in lease purchase bond financing to support the development of a 22-story, 345-unit Downtown residential tower. The tower will be built above an existing parking garage adjacent to Peachtree Center, and 70 units (20%) will be set aside for households earning 80% AMI or below. In addition to creating new affordable housing units, the development will bring a parking deck to its higher and better use and have an estimated total economic impact of $165 million.\u0026nbsp;\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n \n\u003c/span\u003e\n"},{"id":217,"title":"Gateway Capitol View Affordable Senior Living Complex Opens","promo_title":"Gateway Capitol View Affordable Senior Living Complex Opens","published_date":"2018-09-13","featured_image":{"id":715,"parent_id":5,"resource_file_name":"gateway_capitol_view_insight.jpg","resource_content_type":"image/jpeg","resource_file_size":132235,"resource_updated_at":"2018-09-13T16:12:01.478-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":2,"created_at":"2018-09-13T16:12:01.516-04:00","updated_at":"2018-09-14T10:23:40.573-04:00","filename_hash":"gateway_capitol_view_insight_oMXrBkB.jpg","width":1000,"height":628},"filename":"gateway-capitol-view-affordable-senior-living-complex-opens","meta_data_id":null,"published":true,"token":"rqTlIg","created_at":"2018-09-13T16:12:36.796-04:00","updated_at":"2018-09-14T10:23:40.531-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n The new 162-unit development offers easy access to MARTA transit and the Atlanta BeltLine.\u0026nbsp;\n\u003c/div\u003e\n","project_year":"2018","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eThe City of Atlanta, Invest Atlanta, and The Prestwick Companies officially announced on Monday, September 10 the opening of the new Gateway Capitol View senior living development in Atlanta\u0026rsquo;s Capitol View neighborhood. \u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eThe complex is located near the Atlanta BeltLine Westside Trail and the Oakland City MARTA station. All units are reserved for seniors over the age of 55 whose income is at or below 60 percent of the Area Median Income (AMI). Project Based Rental Assistance from the Atlanta Housing Authority will ensure all residents pay no more than 30 percent of their income in monthly rent.\u003c/p\u003e\r\n\r\n\u003cp\u003eAt the opening, Chief of Staff Marva Lewis represented Mayor Bottoms and joined Atlanta City Councilmembers Joyce Sheperd and Matt Westmoreland; Dr. Eloisa Klementich, President and CEO at Invest Atlanta; Clyde Higgs, Interim CEO at Atlanta BeltLine, Inc.; and Jody Tucker and other company representatives from The Prestwick Companies, the developer on the project.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe Prestwick Companies worked in partnership with Invest Atlanta, the Georgia Department of Community Affairs and Housing Atlanta to develop this this market-quality complex that features 137 one-bedroom and 25 two-bedroom units.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;Today is a joyous occasion for all of who have been involved with this housing development near the Atlanta BeltLine,\u0026rdquo; said Jody Tucker, Chief Executive Officer of The Prestwick Companies. \u0026ldquo;The affordable housing need in Atlanta is greater than ever, and we couldn\u0026rsquo;t be prouder of this premier housing community for seniors. Congratulations to everyone who made Gateway Capitol View a reality for 162 senior families.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eIn 2016, the Invest Atlanta Board of Directors approved $14.5 million in tax-exempt bond financing in support of this project. Other sources of financing included federal and state tax credits, a $3 million DCA HOME Loan, as well as private funding sources. Construction began on the development in early 2017.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;I\u0026rsquo;m excited to celebrate this beautiful development,\u0026rdquo; said Councilmember Joyce Sheperd. \u0026ldquo;It is it is absolutely gorgeous and across the street from MARTA, which is the ideal location for those seniors without vehicles. The southside of Atlanta is becoming a place where seniors really want to be. I\u0026rsquo;m proud as a Councilmember to have this kind of affordability in my district, and I look forward to having more partnerships like this as we continue to build out affordability in Atlanta.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;Gateway Capitol View is a great example of how we\u0026rsquo;re building momentum around our comprehensive approach to preserving and creating high-quality affordable housing in Atlanta,\u0026rdquo; said Dr. Eloisa Klementich. \u0026ldquo;It takes a lot of hard work behind the scenes to create and preserve affordable housing in Atlanta, but days like today make it all so rewarding. This development alone will create 162 new affordable units and have an estimated economic impact of $35 million.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eGateway Capitol View is a four-story \u0026ldquo;U\u0026rdquo;-shaped building with amenities including a community room with a fully equipped kitchen, fitness center, business center with computer stations, furnished library, gazebo, picnic area, and central laundry facility.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe key amenity, however, is the access to transportation it provides to seniors. The need for additional transit options for Atlanta seniors has been identified by the Atlanta Regional Commission. The Gateway Capitol View project is located less than a mile from the Atlanta BeltLine Westside Trail and the future Murphy Crossing development. It is also across the street from the Oakland City MARTA station, making it a prime example of transit-oriented development (TOD) in Atlanta.\u003c/p\u003e\r\n\r\n\u003cp\u003eGateway Capitol View is one of many developments the City of Atlanta is supporting as part of its comprehensive approach to creating and retaining affordable housing in the city. In 2018, the city has celebrated grand openings and groundbreaking events for \u003ca href=\"https://www.investatlanta.com/impact-insights/mayor-bottoms-leads-groundbreaking-for-adair-court-senior-affordable-housing-development\"\u003eAdair Court\u003c/a\u003e, \u003ca href=\"https://www.investatlanta.com/impact-insights/the-remington-to-offer-quality-safe-affordable-housing-to-northwest-atlanta-seniors\"\u003eThe Remington\u003c/a\u003e, and \u003ca href=\"https://www.investatlanta.com/impact-insights/legacy-at-vine-city-breaks-ground-will-offer-105-affordable-senior-units\"\u003eLegacy at Vine City\u003c/a\u003e, projects that have created and preserved 356 affordable housing units for senior age residents.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Southside\n\u003c/span\u003e\n"},{"id":214,"title":"Invest Atlanta Closes on Three Affordable Housing Developments Totaling 454 Units","promo_title":"Invest Atlanta Closes on Three Affordable Housing Developments Totaling 454 Units","published_date":"2018-09-05","featured_image":{"id":710,"parent_id":5,"resource_file_name":"springview_rendering.png","resource_content_type":"image/png","resource_file_size":1120279,"resource_updated_at":"2018-09-05T14:27:30.253-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":2,"created_at":"2018-09-05T14:27:30.303-04:00","updated_at":"2018-09-06T10:56:37.260-04:00","filename_hash":"springview_rendering_lpkR4kv.png","width":980,"height":621},"filename":"invest-atlanta-closes-on-three-affordable-housing-developments-totaling-454-units","meta_data_id":null,"published":true,"token":"C0QxUQ","created_at":"2018-09-05T14:28:51.317-04:00","updated_at":"2018-09-06T10:56:37.228-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n The month of August was a big one for affordable housing in the City of Atlanta. Within a 15-day span, the Invest Atlanta team closed three key transactions that will support the preservation of 454 affordable multifamily housing units.\u0026nbsp;\u003cbr /\u003e\r\n\u0026nbsp;\n\u003c/div\u003e\n","project_year":"2018","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eThe month of August was a big one for affordable housing in the City of Atlanta. Within a 15-day span, the Invest Atlanta team closed three key transactions that will support the preservation of 454 affordable multifamily housing units.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eRead on to learn more about these critically important developments:\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eRolling Bends II\u003c/strong\u003e\u003c/p\u003e\r\n\r\n\u003cp\u003eInvest Atlanta is issuing $21 million in tax-exempt bonds to finance the acquisition and rehab of Rolling Bends II, a 190-unit multifamily project located at 2500 Center Street, NW in the Carey Park Neighborhood.\u0026nbsp; This project will provide affordable housing targeting families at or below 60% Area Media Income (AMI).\u0026nbsp; There is an existing Housing Assistance Payment Contract at the development, allowing residents to pay no more than 30% of their income towards housing costs.\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eThe developer is Preservation Partners who specializes in acquiring and preserving affordable housing assets.\u0026nbsp; They provide residents with well-maintained apartment homes in a secure and supportive environment, and partner with affiliated nonprofit organizations to provide ongoing, age and need specific social service programs to enhance the lives of their residents.\u003cbr /\u003e\r\n\u0026nbsp;\u003cbr /\u003e\r\n\u003cstrong\u003eSpringview Apartments\u003c/strong\u003e\u003c/p\u003e\r\n\r\n\u003cp\u003eA total of $1.5 million in Housing Opportunity Bonds financing will support the acquisition and rehab of Springview Apartments, a 144-unit multifamily project located at 2786 Old Hapeville Road, NW in the Glenrose Heights Neighborhood.\u0026nbsp; This complex will provide affordable housing targeting families at or below 60% AMI.\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eThe developer\u0026mdash;TriStar, LLC\u0026mdash;will partner with Star-C Communities to offer free wrap around community services including free after-school, summer camp, wellness and gardening programs. The property will operate under AHA\u0026rsquo;s Homeflex subsidy for 24 of the units, limiting the tenants\u0026rsquo; out of pocket expense to the greater of 30% of their adjusted family income.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eCapitol View Apartments\u003c/strong\u003e\u003c/p\u003e\r\n\r\n\u003cp\u003eThe preservation of 120 affordable units at Capitol View Apartments is being supported by Invest Atlanta through $1.5 million in Housing Opportunity Bonds financing. This multifamily complex is located at 1191 Metropolitan Parkway, NW in the Adair Park neighborhood and will provide affordable housing targeting families at or below 60% AMI.\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eThe developer is New Columbia Residential, LLC.\u0026nbsp; The 7.91-acre site will have direct access to the Atlanta Beltline Westside Trail along the western edge of the property.\u0026nbsp; There are 20 2-story buildings built in 1951 in the Art Deco style, and the goal is to preserve and renovate these existing buildings.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n \n\u003c/span\u003e\n"},{"id":215,"title":"IA Board Passes Sweeping New Projects for Affordable Housing, Job Creation and Neighborhood Revitalization","promo_title":"IA Board Passes Sweeping New Projects for Atlanta","published_date":"2018-09-01","featured_image":{"id":711,"parent_id":5,"resource_file_name":"healey_building.png","resource_content_type":"image/png","resource_file_size":964130,"resource_updated_at":"2018-09-11T13:39:02.069-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":2,"created_at":"2018-09-11T13:39:02.201-04:00","updated_at":"2018-09-11T13:40:54.576-04:00","filename_hash":"healey_building_eX2VvN6.png","width":1000,"height":598},"filename":"ia-board-passes-sweeping-new-projects-for-affordable-housing-job-creation-and-neighborhood-revitalization","meta_data_id":null,"published":true,"token":"WjP-Og","created_at":"2018-09-11T13:40:13.521-04:00","updated_at":"2018-09-11T13:40:54.544-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n At Invest Atlanta\u0026rsquo;s August 2018 board meeting, Mayor Keisha Lance Bottoms and members of the Invest Atlanta board approved 15 resolutions to provide more affordable housing, as well as create new jobs and bring additional investment to Atlanta\u0026rsquo;s communities.\n\u003c/div\u003e\n","project_year":"2018","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eAt Invest Atlanta\u0026rsquo;s August 2018 board meeting, Mayor Keisha Lance Bottoms and members of the Invest Atlanta board approved 15 resolutions to provide more affordable housing, as well as create new jobs and bring additional investment to Atlanta\u0026rsquo;s communities.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eThe actions taken by the board will result in 502 affordable housing units, 522 new full-time jobs, and $277 million worth of economic investment to our City.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;The actions of the Invest Atlanta Board demonstrates our strong commitment to achieving the goals of our One Atlanta vision: affordable housing; equitable job growth; and protecting our legacy residents and the neighborhoods they helped to build,\u0026rdquo; said Mayor Bottoms.\u003c/p\u003e\r\n\r\n\u003cp\u003eMajor projects the board approved include:\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003e272 Affordable Multi-Family Units at The Villages of East Lake:\u0026nbsp;\u003c/strong\u003eThe Urban Residential Finance Authority (URFA) board approved the preservation and renovation of 272 affordable housing units at the Villages of East Lake. The passage of an inducement resolution will provide $43 million in tax-exempt bond financing and extend affordability at the development for 30 years. 272 of the development\u0026rsquo;s 542 units will be reserved for those earning 60 percent of the Area Median Income (AMI) or below.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003e196 Affordable Senior Housing Units at Peachtree Road Senior Tower:\u0026nbsp;\u003c/strong\u003eThe URFA board approved an inducement resolution to support $16 million in tax-exempt bond financing for the acquisition and rehabilitation of Peachtree Senior Tower, an existing public housing tower serving seniors and young disabled individuals. The 196 units will be available to those earning an AMI of 60 percent or less, and RAD project-based vouchers will enable tenants to pay no more than 30 percent of their income on rent.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003e34 Affordable Multi-Family Units at 143 Alabama:\u0026nbsp;\u003c/strong\u003eA $2 million Westside TAD grant approved by the Atlanta Development Authority (ADA) board will support the renovation of the historic Atlanta Constitution building at 143 Alabama Steet. The developer, Pope \u0026amp; Land, is renovating this historic building into office space and ground-floor retail. Working with Place Properties, the developer will also build 112 new residential units, 34 of which will be income-restricted to households earning 80 percent of AMI.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eChattahoochee Land Swap:\u0026nbsp;\u003c/strong\u003eThe ADA board approved a fair market exchange of land with Chattahoochee Trails, LLC for the assemblage of the Chattahoochee River Greenway and a proposed mixed-income housing and retail development. The development team has agreed to a minimum of 20 percent workforce housing targeting residents earning between 60 to 120 percent of AMI. Housing will range from apartments for rent to townhomes for sale.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003e500 Jobs at New Starbucks Office:\u0026nbsp;\u003c/strong\u003eThe ADA board approved an Economic Opportunity Fund grant of up to $250,000 to support the creation of a satellite office for Starbucks Corporation in the City of Atlanta. This was a competitive project that Invest Atlanta, the Georgia Department of Economic Development, Metro Atlanta Chamber, and Georgia Power worked on in partnership. The company will create an estimated 500 fulltime jobs, with a total expected investment of around $16 million and an economic impact of $190 million.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eGeorgia Aquarium Expansion:\u003c/strong\u003e\u0026nbsp;The ADA board approved a $7.5 million Westside TAD grant that will support The Georgia Aquarium as they seek to develop a 68,000 square-foot, state-of-the-art facility to house a one-of-a-kind predator exhibit, which will display aquatic life not presently available to visitors. The $108 million total capital investment will add a dynamic new architectural element to Downtown Atlanta, while adding 22 fulltime employees and 20 part-time employees. Currently, the Georgia Aquarium generates $5.5 million in sales tax, and the expansion will generate an additional $1.3 million.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eUpdating the Fa\u0026ccedil;ade of Historic Healey Building:\u0026nbsp;\u003c/strong\u003eThe ADA board approved a Westside TAD Downtown Fa\u0026ccedil;ade Improvement grant of up to $199,820 to support the renovation and improvement of the exterior of the historic mixed-use Healey Building in Downtown Atlanta. The Healey, completed in 1913, was the last major skyscraper built in Atlanta preceding World War I. The internal and external improvements will significantly enhance the appearance of the building to prospective tenants, keep rents competitive and attractive by subsidizing exterior improvements, and bring the commercial space to current market standards.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cstrong\u003eProperty Assessed Clean Energy (PACE) to Support Energy Efficiency and Green Jobs:\u0026nbsp;\u003c/strong\u003eThe Downtown Development Authority (DDA) board approved the issuance of $500 million in bonds to support the PACE financing program to provide property owners with access to private capital to finance improvements that reduce energy and water consumption. The PACE program will ease access to private capital for green building projects, reduce energy bills and increases property values, create local green jobs, and sustain Atlanta\u0026rsquo;s role as a leader in sustainability.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;It\u0026rsquo;s days like today that make me most proud to lead this great organization,\u0026rdquo; said Dr. Eloisa Klementich, President and CEO of Invest Atlanta. \u0026ldquo;By supporting 502 affordable housing units and creating 522 jobs and many other investments, we\u0026rsquo;re making an impact the lives of so many businesses and residents throughout the city. The actions taken today under the guidance of Mayor Bottoms are helping to create a more dynamic and equitable Atlanta.\u0026rdquo;\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Site Selection\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n \n\u003c/span\u003e\n"},{"id":213,"title":"Board Takes Key Step to Support Retention of Affordable Housing at Villages of East Lake ","promo_title":"Board Takes Key Step to Support Retention of Affordable Housing at Villages of East Lake ","published_date":"2018-08-29","featured_image":{"id":703,"parent_id":5,"resource_file_name":"east_lake_insight.png","resource_content_type":"image/png","resource_file_size":526195,"resource_updated_at":"2018-08-28T15:02:07.995-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":2,"created_at":"2018-08-28T15:02:08.059-04:00","updated_at":"2018-08-29T15:05:11.261-04:00","filename_hash":"east_lake_insight_E69Zzrn.png","width":892,"height":417},"filename":"board-takes-key-step-to-support-retention-of-affordable-housing-at-villages-of-east-lake","meta_data_id":null,"published":true,"token":"H_eyRA","created_at":"2018-08-28T15:02:21.211-04:00","updated_at":"2018-08-29T15:05:11.226-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n Mayor Keisha Lance Bottoms and the Invest Atlanta Board of Directors voted to support the preservation and renovation of 272 units of affordability at the Villages of East Lake at their monthly board meeting on Wednesday, August 29.\u003cbr /\u003e\r\n\u0026nbsp;\n\u003c/div\u003e\n","project_year":"2018","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eMayor Keisha Lance Bottoms and the Invest Atlanta Board of Directors voted\u0026nbsp;to support the preservation and renovation of 272 units of affordability at the Villages of East Lake at their monthly board meeting on Wednesday, August 29.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe board passed the inducement resolution to approve up to $43 million in tax-exempt bond financing that will help extend affordability at the development for 30 years. Of the\u0026nbsp;542 units at the property, 272 will be reserved for those earning 60% of the Area Median Income (AMI) or below, with the rest of the units available at market rate. \u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;I think that\u0026rsquo;s just fantastic,\u0026rdquo; IA board member and Treasurer Randy Hazelton said in support of the resolution. \u0026ldquo;The importance of income diversity for social mobility is huge. And to have this diversity in a neighborhood like that with an anchor school that\u0026rsquo;s really well regarded, I think that\u0026rsquo;s great.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eBuilt in two phases in 1996 and 1998, The Villages of East Lake is a mixed-income community with\u0026nbsp;townhouses, duplexes, and garden apartments. The development was built to replace East Lake Meadows\u0026nbsp;with a community that promotes a \u0026ldquo;\u003ca href=\"http://eastlakeatl.com/east-lake/\"\u003eholistic vision\u003c/a\u003e that unites housing, education, and community wellness in a vibrant, inclusive neighborhood setting.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eAlong with the apartments, residents have access to Charles R. Drew Charter School, a highly regarded educational institution serving more than 1,200 students from pre-K through high school. Other community assets include the East Lake Family YMCA, the East Lake Early Learning Academy, and the Sheltering Arms Early Education and Life Center.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe original 15-year affordability compliance period expired in 2015, but once available, this financing will help extend affordability for decades to come, as well as support additional improvements to the property such as new and updated flooring, fixtures, HVAC systems, and common areas.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;It\u0026rsquo;s really a transformational development,\u0026rdquo; said Alan Ferguson, Invest Atlanta\u0026rsquo;s Senior Vice President of Community Development. \u0026ldquo;Living in this community, especially having access to this quality educational outlet, is very much in high demand.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;We\u0026rsquo;re happy to be part of this preservation effort.\u0026rdquo;\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Eastside\n\u003c/span\u003e\n"},{"id":203,"title":"Hagar Acquires Two Westside Properties for Rehab Into 17 Affordable Housing Units","promo_title":"Hagar Acquires Two Westside Properties for Rehab Into 17 Affordable Housing Units","published_date":"2018-07-06","featured_image":{"id":669,"parent_id":5,"resource_file_name":"415-jpb-insight_v2.png","resource_content_type":"image/png","resource_file_size":1036030,"resource_updated_at":"2018-07-06T10:46:55.608-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":2,"created_at":"2018-07-06T10:46:55.668-04:00","updated_at":"2021-03-24T15:21:29.606-04:00","filename_hash":"415-jpb-insight_v2_zmn7K9z.png","width":900,"height":687},"filename":"hagar-acquires-two-westside-properties-for-rehab-into-17-affordable-housing-units","meta_data_id":null,"published":true,"token":"6RAgjg","created_at":"2018-07-06T10:45:28.727-04:00","updated_at":"2018-07-06T10:47:12.634-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n At their June monthly meeting, the Invest Atlanta board approved the sale of two vacant multifamily properties to Hagar CTM, who will renovate them into 17 units of quality, affordable rental housing for the Westside community.\n\u003c/div\u003e\n","project_year":"2018","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eAt their June monthly meeting, the Invest Atlanta board approved the sale of two vacant multifamily properties to Hagar CTM, who will renovate them into 17 units of quality, affordable rental housing for the Westside community.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe two properties\u0026mdash;located at 712 Fox Street and 415 James P. Brawley Drive\u0026mdash;were acquired by Invest Atlanta as part of the Westside land acquisition initiative.\u003c/p\u003e\r\n\r\n\u003cp\u003eIn response to a Request for Proposals (RFP) issued by Invest Atlanta, Hagar CTM proposed to purchase the improvements on both parcels and negotiate a long-term ground lease with Invest Atlanta to redevelop the two properties. The organization has an equity partner in KP Realty One, who will provide funding assistance for the acquisition and rehabilitation.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;This one rose to the surface as one that we were very excited about and felt like we could take action on it now,\u0026rdquo; said Jennifer Fine, the VP of Planning and Strategic Initiatives at Invest Atlanta. \u0026ldquo;We\u0026rsquo;re really encouraged by the proposed design and architectural detail they want to do on these properties. They\u0026rsquo;re really kind of changing the landscape of what these looked like. For all intents and purposes, they\u0026rsquo;re going to look completely different. Which I think is hugely important to help set a tone. And change the narrative that we\u0026rsquo;re not just talking about painting windows. This is real change.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eThe redevelopment of existing multi-family properties in English Avenue and Vine City is a primary focus of this effort as it provides a significant opportunity to positively impact the availability of quality, affordable rental housing in the community.\u003c/p\u003e\r\n\r\n\u003cp\u003eHagar Civilization Training Missionary (CTM) is a 501(C)3 nonprofit volunteer organization that provides unsubsidized affordable rental housing to low-income senior, disabled, and veteran residents. Hagar CTM\u0026rsquo;s work has significantly improved the quality and mix of housing stock in their target neighborhoods, while also creating new employment opportunities. Hagar also partners with organizations like the Atlanta Community Food Bank to provide wrap-around services to residents.\u003c/p\u003e\r\n\r\n\u003cp\u003eInvest Atlanta has worked with Hagar CTM several times already. Most recently, the Invest Atlanta Board approved an $812,000 grant from the Westside Tax Allocation District (TAD) Community Improvement Fund and an $812,000 loan from the Vine City Housing Trust Fund to support the conversion of 7 vacant properties into 20 affordable housing units.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Westside\n\u003c/span\u003e\n"},{"id":200,"title":"The Remington to Offer Quality, Safe \u0026 Affordable Housing to Northwest Atlanta Seniors","promo_title":"The Remington to Offer Quality, Safe \u0026 Affordable Housing to Northwest Atlanta Seniors","published_date":"2018-06-15","featured_image":{"id":662,"parent_id":5,"resource_file_name":"remington_insight_small.png","resource_content_type":"image/png","resource_file_size":1486539,"resource_updated_at":"2018-06-18T14:26:09.223-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":2,"created_at":"2018-06-18T14:26:09.279-04:00","updated_at":"2018-06-26T09:40:21.173-04:00","filename_hash":"remington_insight_small_mpEPbwP.png","width":1000,"height":667},"filename":"the-remington-to-offer-quality-safe-affordable-housing-to-northwest-atlanta-seniors","meta_data_id":null,"published":true,"token":"9dIXYg","created_at":"2018-06-18T14:23:23.391-04:00","updated_at":"2018-06-25T13:43:46.934-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n The Remington officially opened its doors to senior residents at a celebration held at the development on Thursday, June 14.\n\u003c/div\u003e\n","project_year":"2018","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eThe Remington officially opened its doors to senior residents at a celebration held at the property on Thursday, June 14.\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eThe high-quality, safe, and affordable senior housing development has already begun welcoming tenants\u0026nbsp;and will soon be at capacity. The Remington offers 160 units total, with 18 units set aside for those making 50% Area Median Income (AMI) and 142 units for those earning 60% AMI or less. No resident will pay more than 30% of their income on rent.\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eThe residents all have energy-efficient appliances, including a washer\u0026nbsp;and dryer\u0026nbsp;in each unit, as well as access to a shared computer lab, community room, and fitness center.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;So much goes into creating a vision of something you can only see on paper,\u0026rdquo; Torian Priestly, Executive Vice President at The Benoit Group, said during the ceremony. \u0026ldquo;Projects like this take an enormous amount of effort, focus, and determination. Through that persistence, we were able to build The Remington to help with the neighborhood dream and to provide quality housing for our seniors.\u0026rdquo;\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eOther speakers at the ceremony included: Eddy Benoit, Jr., President \u0026amp; CEO of The Benoit Group; Ola Reynolds, Chairperson of NPU-G; Alan Ferguson, Senior VP of Community Development at Invest Atlanta; Ricardo Anderson of the Atlanta Housing Authority; and Carolyn Whatley from Capital One.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eInvest Atlanta supported this project through $11 million in tax-exempt bond financing, as well as project-generated property tax increment financing through the Hollowell-MLK TAD.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;I\u0026rsquo;m so thankful The Benoit Group took the time to see what was here and have the vision of what could be, and what ended up being, a great residential property serving the surrounding seniors in this area,\u0026rdquo; said Ferguson. \u0026ldquo;It\u0026rsquo;s an absolute joy and privilege to be part of developments like this. This completely fits the vision for what Invest Atlanta sees as quality affordable housing in the City of Atlanta. We appreciate the example that you\u0026rsquo;re setting, and we appreciate the bar that you\u0026rsquo;re setting for other developers.\u0026rdquo;\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eCouncilmember Dustin Hillis was also in attendance. Council President Felicia Moore, who previously represented District 9, worked\u0026nbsp;this project since 2014.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;Thank you all for what you have done,\u0026rdquo; said Ola Reynolds, Chairperson of NPU-G. \u0026ldquo;Isn\u0026rsquo;t it beautiful you all? That\u0026rsquo;s what we want.\u0026rdquo;\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;A project like this can be catalytic for other development in this area,\u0026rdquo; said Eddy Benoit, Jr., President \u0026amp; CEO of The Benoit Group. \u0026ldquo;Invest Atlanta has been a great partner for us throughout this process.\u0026rdquo;\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Northwest\n\u003c/span\u003e\n"},{"id":198,"title":"Invest Atlanta Supports 270 Affordable Housing Units at Bethel Towers and Grove Park Gardens","promo_title":"Invest Atlanta Supports Affordable Housing at Bethel and Grove Park Gardens","published_date":"2018-06-04","featured_image":{"id":653,"parent_id":5,"resource_file_name":"big_bethel_v2.jpg","resource_content_type":"image/jpeg","resource_file_size":181947,"resource_updated_at":"2018-06-06T13:45:14.160-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":2,"created_at":"2018-06-06T13:45:14.198-04:00","updated_at":"2018-07-13T15:45:46.607-04:00","filename_hash":"big_bethel_v2_gva738Q.jpg","width":800,"height":533},"filename":"invest-atlanta-supports-270-affordable-housing-units-at-big-bethel-and-grove-park-gardens","meta_data_id":null,"published":true,"token":"6JUewQ","created_at":"2018-06-06T13:47:29.852-04:00","updated_at":"2018-07-13T15:45:46.575-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n Invest Atlanta is lending a valuable hand to two critically important affordable housing developments: Bethel Towers and Grove Park Gardens.\u0026nbsp;\n\u003c/div\u003e\n","project_year":"2018","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003e\u003cstrong\u003e\u003cem\u003eUPDATE:\u003c/em\u003e\u003c/strong\u003e\u003cem\u003e\u0026nbsp;Invest Atlanta closed on the $16.5 million tax-exempt bond issuance to finance the Bethel Towers project on July 13, 2018.\u0026nbsp;\u003c/em\u003e\u003c/p\u003e\r\n\r\n\u003cp\u003eInvest Atlanta is lending a valuable hand in two critically important affordable housing developments: Bethel Towers and Grove Park Gardens.\u0026nbsp;\u003cbr /\u003e\r\n\u003cbr /\u003e\r\nLocated in the heart of Downtown Atlanta on Auburn Avenue, Bethel Towers has not been substantially renovated since its construction in 1969.\u0026nbsp; With the support of $16.5 million in tax-exempt bond financing from Invest Atlanta, The Benoit Group LLC is partnering with Big Bethel AME Church to preserve and upgrade 180 units set aside for those earning 60% AMI. All units will be covered by an existing Housing Assistance Payment agreement, ensuring residents pay no more than 30% of their income on rent.\u0026nbsp;\u003cbr /\u003e\r\n\u003cbr /\u003e\r\n\u0026ldquo;You\u0026rsquo;ve heard us describe these transactions as less like a sprint and more like a marathon,\u0026rdquo; said Alan Ferguson, Senior VP of Community Development at Invest Atlanta. \u0026ldquo;[The Benoit Group] pays attention to all the complex details and nuances of working with HUD and DCA to make them happen.\u0026rdquo;\u0026nbsp;\u003cbr /\u003e\r\n\u003cbr /\u003e\r\nGrove Park Gardens will contain 110 units of newly constructed multifamily housing, 90 of which will be set aside as affordable at different income levels.\u0026nbsp; Invest Atlanta is supporting the project with $500,000 in Housing Opportunity Bond financing.\u003cbr /\u003e\r\n\u003cbr /\u003e\r\nBig Bethel Towers and Grove Park Gardens have many amenities, including clubhouses, fitness centers, and in-unit washers and dryers. The Invest Atlanta Board of Directors passed the resolutions approving support for these projects at their monthly meeting in May 2018.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Eastside\n\u003c/span\u003e\n"},{"id":194,"title":"Board Approves $2.4 Million for Westside TAD Resident Retention Effort","promo_title":"Board Approves $2.4 Million for Westside TAD Resident Retention Effort","published_date":"2018-05-18","featured_image":{"id":639,"parent_id":5,"resource_file_name":"westside_oor.jpg","resource_content_type":"image/jpeg","resource_file_size":151309,"resource_updated_at":"2018-05-15T12:59:00.112-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":2,"created_at":"2018-05-15T12:59:00.152-04:00","updated_at":"2018-07-17T16:01:04.701-04:00","filename_hash":"westside_oor_Pgx1zMp.jpg","width":900,"height":582},"filename":"board-approves-24-million-for-westside-tad-resident-retention-effort","meta_data_id":null,"published":true,"token":"P4FWqw","created_at":"2018-05-17T10:04:15.595-04:00","updated_at":"2018-05-22T11:08:56.954-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n At their monthly meeting, the Invest Atlanta Board of Directors approved a $2.4 million grant from the Westside TAD Community Improvement Fund to expand the Westside Heritage Owner-Occupied Rehab (OOR) program.\u0026nbsp;\n\u003c/div\u003e\n","project_year":"2018","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eAt their monthly meeting, the Invest Atlanta Board of Directors approved a $2.4 million grant from the Westside TAD Community Improvement Fund to expand the Westside Heritage Owner-Occupied Rehab (OOR) program. This initiative offers residents forgivable loans to make critical health and safety repairs on their homes.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eThe new funding comes as the pilot program in the Westside wraps up this summer after helping eight Westside homeowners fix things on their homes like a leaky roof, plumbing, electrical work, foundation repairs and other necessities. In March, Invest Atlanta opened Westside Heritage OOR program to mare residents and launched programs for residents in Choice Neighborhoods and citywide.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;We feel like we\u0026rsquo;re in a good position to scale up,\u0026rdquo; said Jennifer Fine, Invest Atlanta\u0026rsquo;s Vice President of Planning and Strategic Initiatives, when the item was initially approved by the TAD Committee a week earlier.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eFulton County Commissioner Emma Darnell, a member of the TAD Committee, added at the time: \u0026ldquo;I think it\u0026rsquo;s one of the best projects I\u0026rsquo;ve seen Invest Atlanta do.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eThe $2.4 million in additional funding will allow more residents to receive a forgivable loan of up to $60,000 for home repair work in the Westside neighborhoods of Vine City, English Avenue, and portions of Castleberry Hill. Because there are relatively few existing low-to-moderate income homeowners within the Westside TAD neighborhoods, the program will impact almost 20% of homeowners in the area.\u003c/p\u003e\r\n\r\n\u003cp\u003eInvest Atlanta has received around 500 applications for the citywide, Choice Neighborhoods, and Westside Heritage Owner-Occupied Rehab programs, which are all part of the City of Atlanta\u0026rsquo;s larger community retention effort.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eLinda Graham is one of five homeowners who received repairs as part of the pilot program. She has lived in Vine City for more than 25 years, and had considered moving before joining the Owner-Occupied Rehab program.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;I have such a deep gratitude for Invest Atlanta and am so tickled with all the work that was done,\u0026rdquo; she said. \u0026ldquo;To extend that arm of assistance is very impressive. It shows they really care about homeowners and our community.\u0026quot;\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Homebuying/ Homeownership\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Westside\n\u003c/span\u003e\n"},{"id":196,"title":"Hagar CTM Set to Transform Vacant Westside Properties Into Affordable Housing","promo_title":"Hagar CTM Set to Transform Vacant Westside Properties Into Affordable Housing","published_date":"2018-05-17","featured_image":{"id":650,"parent_id":5,"resource_file_name":"westside_home.jpg","resource_content_type":"image/jpeg","resource_file_size":1790880,"resource_updated_at":"2018-05-22T11:12:10.184-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":2,"created_at":"2018-05-22T11:12:10.397-04:00","updated_at":"2018-07-17T16:01:45.345-04:00","filename_hash":"westside_home_V12PXlL.jpg","width":5160,"height":3108},"filename":"hagar-ctm-set-to-transform-vacant-westside-properties-into-affordable-housing","meta_data_id":null,"published":true,"token":"8EPgXQ","created_at":"2018-05-21T14:16:04.573-04:00","updated_at":"2018-05-29T09:34:34.839-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n With Invest Atlanta support, Hagar Civilization Training Missionary (CTM) will convert 7 vacant Vine City and English Avenue properties into 20 affordable housing units.\u0026nbsp;\n\u003c/div\u003e\n","project_year":"2018","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eWith Invest Atlanta support, Hagar Civilization Training Missionary (CTM) will convert 7 vacant Vine City and English Avenue properties into 20 affordable housing units. At their monthly board meeting in May, the IA Board of Directors approved an $812,000 grant from the Westside Tax Allocation District (TAD) Community Improvement Fund and an $812,000 loan from the Vine City Housing Trust Fund to support the project.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;The work that you all [at Hagar CTM] are doing is really admirable, serving that community,\u0026rdquo; said IA Board Treasurer Randy Hazelton. \u0026ldquo;Unfortunately, organizations like yours don\u0026rsquo;t get the publicity they deserve, but we recognize and appreciate it.\u0026rdquo;\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eThe plans for this project involve taking vacant single-family properties in various stages of disrepair and converting them into multifamily units and a single-family home. Kelly Brown, a recent graduate of Invest Atlanta\u0026#39;s \u003ca href=\"https://www.investatlanta.com/impact-insights/board-approves-pre-development-fund-for-westside-tad-community-builders\"\u003eCommunity Builders\u003c/a\u003e\u0026nbsp;program, is assisting with the project. Rents will be affordable for residents earning below 50% of the Area Median Income (AMI). The Westside TAD Advisory Committee recommended approval of this project, and the Vine City Civic Association and English Avenue Neighborhood Association gave their positive recommendations.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eHagar CTM is a 501(C)3 nonprofit volunteer organization that provides unsubsidized affordable rental housing to low-income senior, disabled, and veteran residents. Hagar CTM\u0026rsquo;s work has significantly improved the quality and mix of housing stock in their target neighborhoods, while also creating new employment opportunities. Hagar also partners with organizations like the Atlanta Community Food Bank to provide wrap-around services to residents.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;Their primary business model is to serve the underserved populations, whether it\u0026#39;s low-income seniors, the disabled, or veterans,\u0026rdquo; said Jennifer Fine, VP of Planning \u0026amp; Strategic Initiatives at Invest Atlanta.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eHagar recently completed\u0026mdash;with matching funds from Invest Atlanta\u0026mdash;a 10-unit senior citizen, veteran and accessible multi-family property that significantly improved the quality and mix of housing stock in the English Avenue community. (\u003ca href=\"investatlanta.com/impact-insights/hagar-celebrates-renovation-of-nine-affordable-units\"\u003eRead more here\u003c/a\u003e.)\u0026nbsp;\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n \n\u003c/span\u003e\n"},{"id":195,"title":"Dawn Luke Named VP of National Association of Local Housing Finance Agencies","promo_title":"Dawn Luke Named VP of National Association of Local Housing Finance Agencies","published_date":"2018-05-16","featured_image":{"id":648,"parent_id":1,"resource_file_name":"dl-site.png","resource_content_type":"image/png","resource_file_size":2139307,"resource_updated_at":"2018-05-22T09:37:47.725-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2018-05-22T09:37:48.011-04:00","updated_at":"2018-07-17T16:03:54.272-04:00","filename_hash":"dl-site_LgnoL8r.png","width":5247,"height":2044},"filename":"dawn-luke-named-vp-of-national-housing-finance-org","meta_data_id":null,"published":true,"token":"MisODA","created_at":"2018-05-21T10:26:39.567-04:00","updated_at":"2018-05-22T09:37:54.897-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n Invest Atlanta Chief Operating Officer Dawn Luke has been named Vice President of the 2018-2019 National Association of Local Housing Finance Agencies (NALHFA) Executive Committee.\n\u003c/div\u003e\n","project_year":"2018","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eInvest Atlanta Chief Operating Officer Dawn Luke has been named Vice President of the 2018-2019 National Association of Local Housing Finance Agencies (NALHFA) Executive Committee. NALHFA\u0026nbsp;officially named Luke to the position at their annual conference in New Orleans.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026quot;Throughout the past year NALHFA has proven its effectiveness in representing the interests of the local housing finance industry and its members,\u0026quot; said newly-elected NALHFA President Richard Froehlich. \u0026quot;Following recent tax legislation and continued uncertainty over HUD funding it is essential that our voice is heard in Washington DC. NALHFA will continue to be a leader in the fight to preserve and enhance federal affordable housing resources.\u0026quot;\u003c/p\u003e\r\n\r\n\u003cp\u003eNALHFA is a 34-year-old national association of professionals who help finance affordable housing at the local level in support of broader community development. The organization advocates before Congress and federal agencies on behalf of legislation and regulations that support affordable housing and provides technical assistance and education to NALHFA members and the public.\u003c/p\u003e\r\n\r\n\u003cp\u003eDawn Luke is Chief Operating Officer at Invest Atlanta and oversees Invest Atlanta\u0026rsquo;s finance, information technology, human resources and investment services departments, and continue to support the organization\u0026rsquo;s community development programs. Prior to her current position, Dawn served as Senior Vice President of Community Development responsible for providing leadership and strategic direction in the successful execution of a shared vision of comprehensive community development, quality affordable housing, and economic growth in the City of Atlanta\u0026rsquo;s ten Tax Allocation Districts.\u0026nbsp; Ms. Luke has also served as the Managing Director of Housing Finance for five years and was responsible for overseeing the successful implementation of $250M in pivotal affordable housing programs which served to provide viable housing solutions for Atlanta\u0026rsquo;s workforce, seniors, disabled and individuals confronted with homelessness. During her tenure with Invest Atlanta, Ms. Luke also managed and operated the Issuer\u0026rsquo;s multifamily and single-family Housing Bond Portfolio of approximately $1.6 billion and more than 20,000 units of housing.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eMs. Luke earned a Bachelor of Arts Degree in Economics from Spelman College and a MBA in International Business from Georgia State University.\u0026nbsp; She currently serves as President Emeritus of the Board of Directors of Georgia Sustainable Committee Alliance, Chairwoman of the Southwest Atlanta Partnership Board of Directors, and the Atlanta Land Trust.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n \n\u003c/span\u003e\n"},{"id":189,"title":"Legacy at Vine City Breaks Ground, Will Offer 105 Affordable Senior Units","promo_title":"Legacy at Vine City Breaks Ground, Will Offer 105 Affordable Senior Units","published_date":"2018-05-05","featured_image":{"id":626,"parent_id":5,"resource_file_name":"legacy_vine_city.jpg","resource_content_type":"image/jpeg","resource_file_size":2275240,"resource_updated_at":"2018-05-02T10:29:38.012-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2018-05-02T10:29:38.274-04:00","updated_at":"2018-05-15T12:52:24.577-04:00","filename_hash":"legacy_vine_city_Bx3YVqV.jpg","width":5407,"height":3605},"filename":"legacy-at-vine-city-breaks-ground-will-offer-105-affordable-senior-units","meta_data_id":null,"published":true,"token":"dunVag","created_at":"2018-05-02T10:30:37.907-04:00","updated_at":"2018-05-15T12:52:24.559-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n Invest Atlanta joined with our partners to celebrate the April 27 groundbreaking of The Legacy at Vine City, a $20 million,\u0026nbsp;105-unit\u0026nbsp;affordable housing development for seniors above the age of 62.\u0026nbsp;\n\u003c/div\u003e\n","project_year":"2018","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eInvest Atlanta joined with our partners to celebrate the April 27 groundbreaking of The Legacy at Vine City, a $20 million, 105-unit affordable housing development for seniors above the age of 62. All residents will pay no more than 30% of their income on rent thanks to assistance from the Atlanta Housing Authority.\u0026nbsp; \u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;With this new project, people like my mother and my family, can now still have a place,\u0026rdquo; said Mayor Keisha Lance Bottoms. \u0026ldquo;As the 60th Mayor of this city and the product of the Vine City and English Avenue community, I say congratulations and the best is yet to come.\u0026rdquo;\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;This project will allow us to have resident retention and it will address the affordable housing needs and concerns that we have in this community,\u0026rdquo; said Bishop Dexter Johnson of the Higher Ground Empowerment Center Church.\u003c/p\u003e\r\n\r\n\u003cp\u003eDuring the ceremony, the audience also heard from city officials and community leaders, including: Councilman Ivory Young, City of Atlanta, District 3; Alan Ferguson of Invest Atlanta; Ms. Catherine Buell, President, Atlanta Housing Authority; Ms. Laurel Hart, Division Director, Georgia Department of Community Affairs; and property developer Mr. Philip Searles, President of the Beverly J. Searles Foundation.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe state-of-the-art Legacy at Vine City community will offer 1- and 2-bedroom affordable apartments for senior living. The Higher Ground Empowerment Center Church (HGECC) is spearheading the development through its community development corporate The Oasis of Vine City, Inc. The Beverly J. Searles Foundation serve as co-developers and will help bring to life the 25-year-old vision of Bishop Johnson.\u003c/p\u003e\r\n\r\n\u003cp\u003eInvest Atlanta supported The Legacy at Vine City through $10 million in tax-exempt bond financing, as well as a $1 million Vine City Trust Fund loan.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eOther key financial supporters included the Atlanta Housing Authority, Cabretta Capital, Community Development Trust, Georgia Department of Community Affairs, and PNC Real Estate.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Westside\n\u003c/span\u003e\n"},{"id":187,"title":"Adair Court to Bring 77 Affordable Senior Units to Atlanta BeltLine","promo_title":"Adair Court to Bring 77 Affordable Senior Units to Atlanta BeltLine","published_date":"2018-05-04","featured_image":{"id":624,"parent_id":5,"resource_file_name":"adair_court_v2.png","resource_content_type":"image/png","resource_file_size":1274609,"resource_updated_at":"2018-04-30T15:57:22.287-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2018-04-30T15:57:22.407-04:00","updated_at":"2018-05-15T12:52:13.330-04:00","filename_hash":"adair_court_v2_eXW9mbW.png","width":1453,"height":649},"filename":"adair-court-to-bring-77-affordable-senior-units-to-atlanta-beltline","meta_data_id":null,"published":true,"token":"fCwBjQ","created_at":"2018-04-30T16:00:14.544-04:00","updated_at":"2018-05-15T12:52:13.312-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n Invest Atlanta and the Atlanta BeltLine, Inc. (ABI) recently announced the development of a new 91-unit, senior housing facility located on the Westside Trail.\u0026nbsp;\n\u003c/div\u003e\n","project_year":"2018","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eInvest Atlanta and the Atlanta BeltLine, Inc. (ABI) recently announced the development of a new 91-unit, senior housing facility located on the Westside Trail. Through a $500,000 BeltLine Affordable Housing Trust Fund loan from Invest Atlanta to The Woda Group, Inc. and Parallel Housing, Inc., this investment will help fund affordable housing projects in the Adair Park Historic District.\u003c/p\u003e\r\n\r\n\u003cp\u003eLocated along the Atlanta BeltLine corridor, 77 of the units\u0026nbsp;will be affordable, while the remainder will be rented at market rate.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;Affordable housing is an essential component of the Atlanta BeltLine and communities like Adair Court help maintain the diverse and inclusive fabric of Atlanta,\u0026rdquo; said Mayor Keisha Lance Bottoms. \u0026ldquo;Building an equitable Atlanta Beltline depends on developments like this to help increase access to quality, affordable housing. This announcement is another significant step forward in ensuring the residents of the Adair Park Historic District can share in our city\u0026rsquo;s success.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eAdair Court is located at 806 Murphy Avenue. The $15 million development includes a picnic area, community garden, computer lab, workout facilities, on-site laundry and is only a few blocks from the West End MARTA station and ABI\u0026rsquo;s Westside Trail and Urban Farm. Just down the road, Carter Development recently announced its acquisition of the 40-acre Metropolitan property with plans for an $80 million adaptive reuse project to create office space and residential units. Projects such as this one and ABI\u0026rsquo;s Murphy Crossing development position the area along the Westside Trail as an imminent redevelopment node with the potential to generate jobs, housing, and economic activity along the transportation corridor.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Adair Park\n\u003c/span\u003e\n"},{"id":186,"title":"Board Approves Pre-Development Fund for Westside TAD Community Builders","promo_title":"Board Approves Pre-Development Fund for Westside TAD Community Builders","published_date":"2018-04-19","featured_image":{"id":619,"parent_id":5,"resource_file_name":"community_builders_event_2.jpg","resource_content_type":"image/jpeg","resource_file_size":1545156,"resource_updated_at":"2018-04-19T10:50:56.861-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2018-04-19T10:50:57.147-04:00","updated_at":"2018-04-19T10:52:02.125-04:00","filename_hash":"community_builders_event_2_xDNw3XR.jpg","width":5308,"height":3539},"filename":"board-approves-pre-development-fund-for-westside-tad-community-builders","meta_data_id":null,"published":true,"token":"z564Ug","created_at":"2018-04-19T10:52:02.099-04:00","updated_at":"2018-04-19T10:52:02.099-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n At the April 2018 monthly meeting, the Invest Atlanta Board of Directors approved the creation of a $150,000 Westside TAD Community Builders Pre-Development Fund.\u003cbr /\u003e\r\n\n\u003c/div\u003e\n","project_year":"2018","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eAt the April 2018 monthly meeting, the Invest Atlanta Board of Directors approved the creation of a $150,000 Westside TAD Community Builders Pre-Development Fund.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eInvest Atlanta launched the Community Builders program October 2017 to train Westside resident property owners and other community stakeholders in core property redevelopment skills. The six-month training concluded with final project presentations in March 2018.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;Everyone I spoke to said the program was really valuable and taught them so much,\u0026rdquo; Dr. Klementich said of the Community Builders participants. \u0026ldquo;They feel encouraged about moving their projects forward.\u0026rdquo;\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eAs a next step to assisting participants, Invest Atlanta will now take on a more well-rounded support process by providing graduates with grants for eligible pre-development expenses.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eThe fund will award grants of up to $15,000 for eligible pre-development expenses, such as site inspection, environmental assessments, and permitting. Awardees will have to provide 20% of the pre-development costs and have a clear plan for post-development operations of the project. They also must successfully complete the new Community Builders training program and have ownership or site control of the project property.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;Not only are we really excited about bringing in new development, but especially because we are supporting it organically within the Westside neighborhoods,\u0026rdquo; said Dr. Eloisa Klementich, president and CEO of Invest Atlanta. \u0026ldquo;The Community Builders program and this new fund will support residents who want to develop properties within their communities.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eBoth the Community Builders pilot training program and Pre-Development Fund are funded through the Westside TAD and meet Invest Atlanta\u0026rsquo;s larger goals in the Westside neighborhoods of Vine City, English Avenue, and portions of Castleberry Hill. By helping participants develop core property redevelopment skills, while also providing up-front capital for their projects, this effort builds community capacity for revitalization efforts, helps retain existing residents, and improves the overall quality of life in the community.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Westside\n\u003c/span\u003e\n"},{"id":185,"title":"Owner-Occupied Rehab Meetings Wrap Up Ahead of May 15 App Deadline","promo_title":"Owner-Occupied Rehab Meetings Wrap Up Ahead of May 15 App Deadline","published_date":"2018-04-17","featured_image":{"id":618,"parent_id":5,"resource_file_name":"oor_meeting_v2.jpg","resource_content_type":"image/jpeg","resource_file_size":145027,"resource_updated_at":"2018-04-18T14:00:28.158-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2018-04-18T14:00:28.196-04:00","updated_at":"2018-04-19T13:18:42.247-04:00","filename_hash":"oor_meeting_v2_E6b1WwV.jpg","width":1600,"height":900},"filename":"owner-occupied-rehab-meetings-wrap-up","meta_data_id":null,"published":true,"token":"M-MK1Q","created_at":"2018-04-17T13:10:53.537-04:00","updated_at":"2018-04-19T13:18:42.231-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n In March and April, Invest Atlanta hosted four citywide community meetings to provide information about the Heritage Owner-Occupied Rehab Program. The deadline to apply is May 15.\u0026nbsp;\n\u003c/div\u003e\n","project_year":"2018","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eIn March and April, Invest Atlanta hosted four citywide community meetings to provide information about the \u003ca href=\"/homebuyers/owner-occupied-rehab\"\u003eHeritage Owner-Occupied Rehab Program\u003c/a\u003e.\u0026nbsp;\u0026nbsp;The deadline to apply is May 15.\u0026nbsp;\u003cbr /\u003e\r\n\u003cbr /\u003e\r\nNearly 800 attendees came to the meetings that covered all quadrants of the city:\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cul\u003e\r\n\t\u003cli\u003e\u003cstrong\u003eMarch 10:\u003c/strong\u003e Bessie Branham Recreation Center\u003c/li\u003e\r\n\t\u003cli\u003e\u003cstrong\u003eMarch 24:\u003c/strong\u003e C.T. Martin Recreational Center\u003c/li\u003e\r\n\t\u003cli\u003e\u003cstrong\u003eApril 7: \u003c/strong\u003eAtlanta Technical College\u003c/li\u003e\r\n\t\u003cli\u003e\u003cstrong\u003eApril 14:\u003c/strong\u003e Peachtree Hills Recreation Center\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\r\n\u003cp\u003eThe meeting a C.T. Martin Rec Center saw a standing-room-only crowd of 400, while a second session had to be added at Atlanta Technical College to handle the overflow audience. The team also hosted an info session on March 3 at M. Agnes Jones Elementary School focused on the Choice Neighborhoods Heritage Program for residents in the Choice Neighborhoods of Ashview Heights and Atlanta University Center communities.\u003cbr /\u003e\r\n\u003cbr /\u003e\r\nHeritage Owner-Occupied Rehab (OOR) is a new affordable housing initiative to help current lower-income City of Atlanta residents remain in their homes and avoid displacement. Heritage OOR includes three programs offering residents forgivable loans to make critical health and safety repairs on their homes.\u0026nbsp; Senior households aged 55+, military veterans, disabled head of households, and those that have been in their homes for 15+ years will have priority in the programs. The program is being implemented by Invest Atlanta with support from the City of Atlanta, Atlanta Housing Authority, Choice Atlanta, Meals on Wheels Atlanta and other organizations.\u003cbr /\u003e\r\n\u003cbr /\u003e\r\nProgram managers are currently accepting applications. To learn more about the program, download an application, and find out when and where to apply, visit our \u003ca href=\"/homebuyers/owner-occupied-rehab\"\u003eHeritage Owner-Occupied Program\u003c/a\u003e\u0026nbsp;site.\u0026nbsp;\u003cbr /\u003e\r\n\u003cbr /\u003e\r\nThe Heritage OOR programs are part of Mayor Bottoms\u0026rsquo; larger goal of investing $1 billion from public and private sources to support affordable housing in Atlanta, the largest such investment in Atlanta\u0026#39;s history.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Homebuying/ Homeownership\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n \n\u003c/span\u003e\n"},{"id":178,"title":"Mayor Bottoms Announces New Heritage Owner-Occupied Rehab Housing Programs","promo_title":"Mayor Bottoms Announces New Heritage Owner-Occupied Rehab Housing Programs","published_date":"2018-03-12","featured_image":{"id":586,"parent_id":5,"resource_file_name":"oor_ia_insight.jpg","resource_content_type":"image/jpeg","resource_file_size":802369,"resource_updated_at":"2018-03-19T16:38:47.505-04:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2018-03-19T16:38:47.650-04:00","updated_at":"2018-05-15T15:40:45.510-04:00","filename_hash":"oor_ia_insight_p55EznQ.jpg","width":4394,"height":2607},"filename":"mayor-bottoms-announces-new-heritage-owner-occupied-rehab-housing-programs","meta_data_id":null,"published":true,"token":"J9G_2A","created_at":"2018-03-09T10:18:03.224-05:00","updated_at":"2018-03-19T16:38:55.104-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n The $9 Million investment augments citywide anti-displacement efforts.\n\u003c/div\u003e\n","project_year":"2018","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eMayor Keisha Lance Bottoms unveiled a new housing initiative to preserve affordable housing in the City of Atlanta and help current lower-income residents avoid displacement. The initiative includes three owner-occupied rehabilitation (OOR) programs, Atlanta Heritage, Westside Heritage, and Choice Neighborhoods Heritage, which will provide forgivable loans to residents to make critical health and safety repairs on their homes.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eInvest Atlanta is conducting four citywide information sessions for residents starting March 10. Program managers will begin accepting applications in early April. More information about the Heritage Owner-Occupied Rehab programs can be found at \u003ca href=\"/homebuyers/owner-occupied-rehab\"\u003ewww.investatlanta.com/owneroccupiedrehab/\u003c/a\u003e.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eThe program is being implemented by Invest Atlanta with support from the City of Atlanta, Atlanta Housing Authority, Choice Atlanta, Meals on Wheels Atlanta and other organizations.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;Building a city for all means ensuring those who\u0026rsquo;ve put down roots can remain in their communities,\u0026rdquo; said Mayor Bottoms. \u0026ldquo;The Heritage Owner-Occupied Rehab programs demonstrate Atlanta\u0026rsquo;s continued commitment to preserving affordability for homeowners and renters alike. Through this effort, we will keep longtime residents from being pushed out of their homes by rising property values.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eCelebrating the announcement alongside Mayor Bottoms were members of the Atlanta City Council, Commissioner of the Department of City Planning Tim Keane, Invest Atlanta President and CEO Dr. Eloisa Klementich, Atlanta Housing Authority President and CEO Catherine Buell, and Meals on Wheels Atlanta CEO Charlene Crusoe-Ingram.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;As Atlanta\u0026rsquo;s population continues to expand, we need to constantly think about new ways to prevent displacement, maintain affordability and preserve the rich character and history of our communities,\u0026rdquo; said Dr. Eloisa Klementich, President and CEO of Invest Atlanta. \u0026ldquo;Atlanta Heritage follows our successful Owner-Occupied Rehab pilot program in the Westside and will provide critical assistance to more City of Atlanta residents. Ultimately, we want to ensure that Atlanta sees balanced, equitable growth benefiting residents in neighborhoods throughout the city.\u0026rdquo;\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eSenior households aged 55+, military veterans, disabled head of households, and those that have been in their homes for 15+ years will have priority in the programs. They include one citywide program, Atlanta Heritage, and two area-specific programs:\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cul\u003e\r\n\t\u003cli\u003e\u003cstrong\u003eAtlanta Heritage: \u003c/strong\u003eThe $5 million citywide program will provide up to $30,000 to eligible City of Atlanta homeowners, and is funded under the Housing Opportunity Bond, a $40 million bond issuance unanimously approved and supported by Atlanta City Council in March 2017;\u003c/li\u003e\r\n\t\u003cli\u003e\u003cstrong\u003eWestside Heritage: \u003c/strong\u003eThe $2 million OOR program is for residents in Westside TAD neighborhoods (Vine City, English Avenue and portions of Castleberry Hill), and is funded by the Vine City Trust Fund and Westside TAD tax increment financing.\u0026nbsp;\u003c/li\u003e\r\n\t\u003cli\u003e\u003cstrong\u003eChoice Neighborhoods Heritage:\u003c/strong\u003e A $2 million OOR program is for residents in the Choice Neighborhoods (Ashview Heights and Atlanta University Center Communities) and is supported by a Choice Neighborhoods Implementation Grant, as well as City of Atlanta and Atlanta Housing Authority Moving to Work funds.\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\r\n\u003cp\u003eForgivable loan amounts for the Westside Heritage and Choice Neighborhoods Heritage programs will vary based on the nature of repairs recommended by the program manager, Meals on Wheels Atlanta (MOWA). MOWA is a non-profit social services agency with a mission to support senior independence through meals, shelter, education and communities, with more than a decade of experience providing such services for seniors in the metro Atlanta area.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eThe program launch followed the success of Invest Atlanta\u0026rsquo;s pilot owner-occupied rehab program in the Vine City and English Avenue neighborhoods. The success of the pilot allowed Invest Atlanta, the City of Atlanta, the Atlanta Housing Authority, and Meals on Wheels to expand the program.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eThe Heritage OOR programs are part of Mayor Bottoms\u0026rsquo; larger goal of investing $1 billion from public and private sources to support affordable housing in Atlanta, the largest such investment in our city\u0026rsquo;s history. This comes soon after the City of Atlanta and the Westside Future Fund announced the Anti-Displacement Tax Fund Program, an initiative which will pay any property tax increases for qualifying homeowners in the English Avenue, Vine City, Ashview Heights and Atlanta University Center communities.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Homebuying/ Homeownership\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n \n\u003c/span\u003e\n"},{"id":177,"title":"URFA Supports 100+ Affordable Rental Units for Seniors in Vine City","promo_title":"URFA Supports 100+ Units for Seniors in Vine City","published_date":"2018-03-02","featured_image":{"id":560,"parent_id":5,"resource_file_name":"oasis_vine_city_v1.png","resource_content_type":"image/png","resource_file_size":1702537,"resource_updated_at":"2018-03-02T14:21:57.875-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2018-03-02T14:21:57.924-05:00","updated_at":"2018-03-02T15:15:22.010-05:00","filename_hash":"oasis_vine_city_v1_8mmZxZK.png","width":1159,"height":704},"filename":"urfa-supports-100-units-for-seniors-in-vine-city","meta_data_id":null,"published":true,"token":"gvRI3w","created_at":"2018-03-02T14:22:06.825-05:00","updated_at":"2018-03-02T15:15:21.997-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n The Urban Residential Finance Authority (URFA) closed on $10 million in tax-exempt bond financing transaction to support the construction of 105 units of senior housing at Oasis of Vine City.\n\u003c/div\u003e\n","project_year":"2018","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eThe Urban Residential Finance Authority (URFA) closed on $10 million in tax-exempt bond financing transaction to support the construction of 105 units of senior housing at Oasis of Vine City.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe groundbreaking for Oasis of Vine City will take place in the coming months, and once complete, it will offer units to seniors over the age of 62 at\u0026nbsp;60% Area Median Income (AMI). (The 60% AMI income limit for FY2017 is $29,280 for a one-person household, and $33,480 for a two-person household.) All renters will pay no more than 30% of their income towards rent.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eThis project closing represents a great start to the year after the team supported the creation or retention of a nearly 2,000 affordable units, a record for the organization, in 2017. Knowing how critical it is for the city\u0026rsquo;s growing senior population to have access to affordable living options, the Community Development team has been working to complete this deal for several years.\u003c/p\u003e\r\n\r\n\u003cp\u003eOasis of Vine City will be located near Rodney Cook Sr. Park and amenities will include a fitness center and energy-efficient appliances.\u0026nbsp;\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Westside\n\u003c/span\u003e\n"},{"id":175,"title":"IA Supports Workforce Housing at Edgewood-Candler Park MARTA Station","promo_title":"IA Supports Workforce Housing at Edgewood-Candler Park MARTA Station","published_date":"2018-02-20","featured_image":{"id":545,"parent_id":5,"resource_file_name":"edgewood_tod_new.png","resource_content_type":"image/png","resource_file_size":1509798,"resource_updated_at":"2018-02-20T15:18:59.257-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2018-02-20T15:18:59.300-05:00","updated_at":"2018-05-29T13:48:19.855-04:00","filename_hash":"edgewood_tod_new_XJJX9B4.png","width":953,"height":604},"filename":"workforce-housing-edgewood-tod","meta_data_id":null,"published":true,"token":"trl6Ag","created_at":"2018-02-20T15:19:51.867-05:00","updated_at":"2018-05-29T13:48:19.837-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n A new transit-oriented development (TOD) near the Edgewood-Candler Park MARTA Station will include 34 affordable workforce housing units, thanks to support from Invest Atlanta.\n\u003c/div\u003e\n","project_year":"2018","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eA new transit-oriented development (TOD) near the Edgewood-Candler Park MARTA Station will include 34 affordable workforce housing units, thanks to support from Invest Atlanta.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eThe IA board approved a resolution to issue $42.9 million in lease purchase bonds to support the project. The residential and retail development is nearly complete, and once open, will offer 224 rental units, 34 of which will be workforce housing units affordable to households earning 80% AMI or below.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eBy converting underutilized parking to productive mixed-use space, this TOD will provide new mixed-income housing, retail, and service options to the surrounding community. The total economic output for the project is estimated to be over $60 million.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eThis project aligns with Invest Atlanta\u0026#39;s goal to create more affordable living options close to transit, and with it, greater access to opportunities for our residents. Invest Atlanta has supported MARTA\u0026rsquo;s Transit Oriented Development strategy with other projects, including one at \u003ca href=\"http://www.investatlanta.com/impact-insights/invest-atlanta-supports-projects-key-to-citys-past-present-and-future\"\u003eKing Memorial Station\u003c/a\u003e.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u003cem\u003e\u003cstrong\u003eUPDATE: \u003c/strong\u003eInvest Atlanta closed on the $42.9MM lease-purchase bond in early May 2018, a few months before the development\u0026#39;s grand opening.\u003c/em\u003e\u003c/p\u003e\r\n\r\n\u003cdiv\u003e\u0026nbsp;\u003c/div\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Eastside\n\u003c/span\u003e\n"},{"id":173,"title":"Board Supports Creation of 180 Affordable Rental Units for Seniors","promo_title":"Board Supports Creation of 180 Affordable Rental Units for Seniors","published_date":"2018-02-20","featured_image":{"id":542,"parent_id":8,"resource_file_name":"sylvan_hills_senior_new_site.png","resource_content_type":"image/png","resource_file_size":2043236,"resource_updated_at":"2018-02-20T14:30:17.970-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2018-02-20T14:30:18.029-05:00","updated_at":"2018-02-22T08:49:55.633-05:00","filename_hash":"sylvan_hills_senior_new_site_ZOOYgrP.png","width":1138,"height":715},"filename":"board-approves-support-for-180-affordable-rental-units-for-seniors","meta_data_id":null,"published":true,"token":"VWZsAw","created_at":"2018-02-20T14:31:11.037-05:00","updated_at":"2018-02-22T08:49:55.603-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n The Invest Atlanta Board of Directors approved financing for the construction of Sylvan Hills Senior, a brand-new affordable housing development in southwest Atlanta.\u0026nbsp;\n\u003c/div\u003e\n","project_year":"2018","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eThe Invest Atlanta Board of Directors approved financing for the construction of Sylvan Hills Senior, a brand-new affordable housing development in southwest Atlanta.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eOnce complete, the multifamily housing development will offer 180 units to seniors over the age of 62. All the units are reserved for those making 60% of Area Median Income (AMI) and qualifying residents will pay no more than 30% of their income on housing costs.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;This is great,\u0026rdquo; said Randy Hazelton, the board\u0026#39;s Treasurer. \u0026ldquo;There\u0026rsquo;s obviously a huge need for affordable senior housing in and around the city.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eThe Benoit Group will soon begin work on the four-story wood-framed building lcoated in the Sylvan Hills community. The propertiy is be easily accessible from several MARTA bus stops and Highway 166, and will include amenities like a community room, business center, courtyard, energy star appliances, and washer dryer hookups.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eThe board approved\u0026nbsp;two resolutions supproting this project\u0026nbsp;at their monthly board meeting on Thursday, February 15. The first was an inducement resolution to issue $15 million in tax-exempt bond financing, and the second was a Housing Opportunity Bond loan resolution for $1.5 million.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;We\u0026rsquo;re bringing these types of tools to the market at just the right time,\u0026rdquo; said Alan Ferguson, Interim VP of Community Development.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Southside\n\u003c/span\u003e\n"},{"id":166,"title":"IA Ends 2017 On High Note With Support For Hundreds of Affordable Housing Units","promo_title":"IA Ends 2017 On High Note With Support For Hundreds of Affordable Housing Units","published_date":"2018-01-11","featured_image":{"id":512,"parent_id":5,"resource_file_name":"city-lights-2_rendering_main.png","resource_content_type":"image/png","resource_file_size":1002626,"resource_updated_at":"2018-02-06T15:02:43.943-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":2,"created_at":"2018-02-06T15:02:43.982-05:00","updated_at":"2019-12-24T08:34:05.064-05:00","filename_hash":"city-lights-2_rendering_main_RJNvPDD.png","width":1073,"height":494},"filename":"ia-ends-2017-on-high-note-with-support-for-hundreds-of-affordable-housing-units","meta_data_id":null,"published":true,"token":"-cAO3A","created_at":"2018-02-04T13:53:56.199-05:00","updated_at":"2018-02-06T15:02:50.243-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n Invest Atlanta closed on several important affordable housing projects to put the total number of affordable housing units supported this year at 1,962.\n\u003c/div\u003e\n","project_year":"2017","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eAs 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:\u003c/p\u003e\r\n\r\n\u003cul\u003e\r\n\t\u003cli\u003e\u003cstrong\u003eCity Lights II:\u0026nbsp;\u003c/strong\u003eInvest Atlanta issued $11.5 million in tax-exempt bonds to finance Wingate Companies\u0026rsquo; City Lights II, a 96-unit multifamily project located at 444 Boulevard in the Old Fourth Ward Neighborhood.\u0026nbsp; This new construction project will provide affordable housing targeting families at or below 60% AMI.\u0026nbsp; AHA will provide a Housing Assistance Payment Contract, allowing residents to pay no more than 30% of their income towards housing costs. This is the second phase in a five-phase development in the Old Fourth Ward Community, and Invest Atlanta previously funded City Lights I, a senior development that was fully leased prior to completion.\u003c/li\u003e\r\n\t\u003cli\u003e\u003cstrong\u003eEdgewood Court:\u003c/strong\u003e\u0026nbsp;Invest Atlanta issued $26.4\u0026nbsp;million tax exempt bonds to finance the acquisition and rehabilitation of Edgewood Court, a 222-unit multifamily project located at 1572 Hardee Street, NE.\u0026nbsp; This project will provide preservation of affordable housing targeting families at or below 60% AMI. AHA will provide a Housing Assistance Payment Contract for 80% of the units, allowing residents to pay no more than 30% of their income towards housing costs.\u003c/li\u003e\r\n\t\u003cli\u003e\u003cstrong\u003eGeorgia Avenue:\u003c/strong\u003e\u0026nbsp;A total of $52.2 million lease purchase bonds were issued to support the first phase of the Georgia Avenue mixed-use development, which contains 120-units of multifamily rental housing, of which 18 are set aside as workforce affordable units. The development, located Turner Field Stadium Area, will also house retail and creative office space.\u003c/li\u003e\r\n\t\u003cli\u003e\u003cstrong\u003eAllen Hills \u0026amp; Rolling Bends I:\u0026nbsp;\u003c/strong\u003e\u0026nbsp;Invest Atlanta issued $58 million in tax exempt bonds to finance the acquisition and rehab of Allen Hills, a 458-unit multifamily project located at 3086 Middleton Road, NW in the Westhaven neighborhood. In addition, $25\u0026nbsp;million in tax exempt bonds will finance the acquisition and rehab of Rolling Bends I, a 164-unit multifamily project located at 2500 Center Street, NW, in Carey Park.\u0026nbsp; Both projects preserve affordable housing targeting families at or below 60% AMI, with HUD providing a Housing Assistance Payment Contract for 100% of the units, allowing residents to pay no more than 30% of their income towards housing costs. The developer is Preservation Partners Development is a California based development group specializing in the acquisition and preservation of HUD insured and assisted affordable housing developments.\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\r\n\u003cp\u003eThis year, the organization looks forward to continuing our work supporting the construction and preservation of affordable housing throughout the City of Atlanta.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Old Fourth Ward\n\u003c/span\u003e\n"},{"id":167,"title":"Invest Atlanta Names Dawn Luke Chief Operating Officer","promo_title":"Invest Atlanta Names Dawn Luke Chief Operating Officer","published_date":"2018-01-09","featured_image":{"id":513,"parent_id":5,"resource_file_name":"dawnluke-cco-facebook-v2.jpg","resource_content_type":"image/jpeg","resource_file_size":85002,"resource_updated_at":"2018-02-06T15:03:32.732-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2018-02-06T15:03:32.759-05:00","updated_at":"2018-02-06T15:03:40.419-05:00","filename_hash":"dawnluke-cco-facebook-v2_4XEZym6.jpg","width":1200,"height":537},"filename":"invest-atlanta-names-dawn-luke-chief-operating-officer","meta_data_id":null,"published":true,"token":"2wZvEQ","created_at":"2018-02-04T13:56:20.053-05:00","updated_at":"2018-02-06T15:03:40.411-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n Invest Atlanta announced the appointment of Dawn Luke as chief operating officer of Invest Atlanta.\n\u003c/div\u003e\n","project_year":"2018","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eInvest Atlanta announced the appointment of Dawn Luke as chief operating officer of Invest Atlanta. As a longtime employee of Invest Atlanta and member of its Executive Team, Ms. Luke brings substantial knowledge of Invest Atlanta and all facets of the agency\u0026rsquo;s operations to the position. In her new role, Ms. Luke will oversee Invest Atlanta\u0026rsquo;s finance, information technology, human resources and investment services departments, and continue to support Invest Atlanta\u0026rsquo;s community development programs.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;I could not be prouder to announce Dawn Luke as our new COO,\u0026rdquo; said Dr. Eloisa Klementich, President and CEO of Invest Atlanta. \u0026ldquo;She is a proven leader and a passionate advocate for community development and affordable housing. I look forward to working alongside her as we strive to make Invest Atlanta more efficient, responsive and innovative than ever before.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eWith more than 20 years of experience at Invest Atlanta and the Urban Residential Finance Authority, she is an expert in housing development, finance, neighborhood investment and other areas of community development. Ms. Luke previously served as Invest Atlanta\u0026rsquo;s senior vice president of Community Development and was responsible for providing leadership and strategic direction in the successful execution of a shared vision of comprehensive community development, quality affordable housing, and economic growth in the City of Atlanta\u0026rsquo;s 10 Tax Allocation Districts (TADs).\u003c/p\u003e\r\n\r\n\u003cp\u003eBefore that, she was Managing Director of Housing Finance for five years overseeing the successful implementation of over $250 million in pivotal affordable housing programs which served to provide viable housing solutions for Atlanta\u0026rsquo;s workforce, seniors, disabled and individuals confronted with homelessness. During her tenure with Invest Atlanta, Ms. Luke also managed and operated a multifamily and single-family housing bond portfolio of approximately $1.6 billion and more than 20,000 units of housing.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;It is an honor and privilege to accept this position,\u0026rdquo; said Dawn Luke. \u0026ldquo;Over the years, I have seen Invest Atlanta grow into one of the premier organizations of its kind in the world, thanks in large part to our talented and dedicated staff. Under the leadership of Mayor Keisha Lance Bottoms and Dr. Klementich, our organization will continue to play a key role in fostering growth, equity and inclusion in Atlanta. I cannot wait to get started in this role.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eMs. Luke earned a Bachelor of Arts degree in economics from Spelman College and a MBA in International Business from Georgia State University. She currently serves as President Emeritus of the board of directors of Georgia Sustainable Committee Alliance, Chairwoman of the Southwest Atlanta Partnership board of directors, an active member of the board of directors for the National Association of Local Housing Finance Agencies (NALHFA), the Atlanta Land Trust as well as Partners for Prosperity.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n \n\u003c/span\u003e\n"},{"id":153,"title":"IA Joins Inaugural Atlanta Housing Equity and Affordability Forum","promo_title":"IA Joins Inaugural Atlanta Housing Equity and Affordability Forum","published_date":"2017-12-14","featured_image":{"id":383,"parent_id":34,"resource_file_name":"dawn_equity_panel-feature.jpg","resource_content_type":"image/jpeg","resource_file_size":388504,"resource_updated_at":"2017-12-21T16:14:41.480-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2017-12-21T16:14:41.753-05:00","updated_at":"2017-12-21T16:15:32.379-05:00","filename_hash":"dawn_equity_panel-feature_W1a5gPy.jpg","width":3354,"height":2516},"filename":"ia-joins-inaugural-atlanta-housing-equity-and-affordability-forum","meta_data_id":null,"published":true,"token":"zTBcXA","created_at":"2017-12-21T16:15:31.838-05:00","updated_at":"2017-12-21T16:15:31.838-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n Invest Atlanta participated in the first Atlanta Housing Equity and Affordability Forum on Thursday, December 14 at The Gathering Spot.\n\u003c/div\u003e\n","project_year":"2017","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eInvest 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.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;We really hope that this will be the first of a series of discussions that we\u0026rsquo;ll have about how we address the affordability and equity issues here in the City of Atlanta in a thoughtful and inclusive way,\u0026rdquo; said Catherine Buell, CEO of the AHA.\u003c/p\u003e\r\n\r\n\u003cp\u003eDawn Luke, Senior Vice President of Community Development at Invest Atlanta, sat on the day\u0026rsquo;s first panel, \u0026ldquo;The New Deal Makers: Emerging Developers and Public Innovators.\u0026rdquo; Joining her in conversation were Leonard Adams, founder of the Quest Community Development Organization, Inc., Kelly King of Oakwood Development, Brandon Riddick-Seals of the Atlanta Housing Authority\u0026rsquo;s Board of Commissioners, and Janis Ware, the Executive Director of Summech CDC.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe participants had a robust discussion about how smaller developers can look to build more affordable housing in our city. Luke shared some advice for those interested in the field.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;Always be accountable for what you\u0026rsquo;re going to do,\u0026rdquo; she said. \u0026ldquo;Because you are impacting people\u0026rsquo;s lives.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eShe also spoke about Invest Atlanta\u0026rsquo;s emphasis on empowering developers that live in the Atlanta neighborhoods they serve.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;We had to, as an organization, step back and say, \u0026lsquo;How can we really help these developers that are committed to the community?\u0026rdquo; said Luke.\u003c/p\u003e\r\n\r\n\u003cp\u003eShe informed the audience about a new pilot program Invest Atlanta called Community Builders. This program empowers participants to partner with Invest Atlanta on the organization\u0026rsquo;s work on the Westside. Over a 6-week period, participants will learn core property redevelopment skills, and cover topics like zoning and property selection. Once they complete the Community Builders program, these future developers be eligible to apply for funding assistance to support their own redevelopment projects.\u003c/p\u003e\r\n\r\n\u003cp\u003eAdams emphasized the importance of building partnerships between developers, financial backers, and the community to move projects forward.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;These deals don\u0026rsquo;t happen in a vacuum,\u0026rdquo; he said. \u0026ldquo;You talk to everybody to make the deal happen, and that includes the people on the ground all the way up to the funding sources.\u0026rdquo;\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n \n\u003c/span\u003e\n"},{"id":24,"title":"Piedmont Senior Tower Breaks Ground on Extensive Upgrades","promo_title":"Piedmont Senior Tower Breaks Ground on Extensive Upgrades","published_date":"2017-12-12","featured_image":{"id":231,"parent_id":34,"resource_file_name":"piedmont-senior-tower_feature.jpg","resource_content_type":"image/jpeg","resource_file_size":328748,"resource_updated_at":"2017-12-20T15:10:27.337-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2017-12-20T15:10:27.566-05:00","updated_at":"2017-12-20T15:11:26.811-05:00","filename_hash":"piedmont-senior-tower_feature_p5VxENj.jpg","width":2745,"height":2059},"filename":"piedmont-senior-tower-breaks-ground-on-extensive-upgrades","meta_data_id":null,"published":true,"token":"L0rhoA","created_at":"2017-12-20T15:11:26.277-05:00","updated_at":"2017-12-20T15:11:26.277-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n The groundbreaking celebration at Piedmont Senior Tower celebrated the beginning of extensive renovations and upgrades to the complex.\n\u003c/div\u003e\n","project_year":"2017","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eA 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.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;I believe housing is about people,\u0026rdquo; said Councilmember Andre Dickens. \u0026ldquo;That\u0026rsquo;s what this is all about. We have to preserve the opportunity to be in this area, with wonderful access to Buckhead. With AHA, with Invest Atlanta, and with everyone else, we will make sure there\u0026rsquo;s opportunity to live everywhere in this city at all income bands.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eInvest Atlanta has been working on this project for more than two years with the Michaels Development Company, the Atlanta Housing Authority, and other financial partners.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;This project is a long time coming,\u0026rdquo; said Dr. Eloisa Klementich. \u0026ldquo;It\u0026rsquo;s with immense pride that I\u0026rsquo;m here today to help break ground on Piedmont Senior Tower and ensure more of our seniors live and thrive here in Atlanta.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eThe families living in the complex will to continue living in in the Buckhead Forest neighborhood, where they\u0026rsquo;ll be near the amenities like grocery stores and a MARTA bus stop\u0026mdash;complete with a new shelter\u0026mdash;right outside their door. They\u0026rsquo;ll receive new countertops and flooring within their units, as well as upgraded HVAC and water systems throughout.\u003c/p\u003e\r\n\r\n\u003cp\u003eBut most importantly, the upgrades will mean families will be able live here affordably for many years to come.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;I love living here,\u0026rdquo; said Alice Gailes, a two-year resident of Piedmont Senior Tower. \u0026ldquo;I love everything about this tower. We have everything we need here, and we can live carefree.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eInvest Atlanta continues to work with public and private partners to invest in senior housing developments like this one throughout the City of Atlanta. Some of the more recent projects include the Reynoldstown Senior Residences, City Lights in the Old Fourth Ward, The Remington in Carey Park, Abernathy Towers in the West End, and the Oasis of Vine City.\u003c/p\u003e\r\n\r\n\u003cp\u003eThese efforts are part of a larger affordability strategy Invest Atlanta, under the leadership of Mayor Reed, has implemented with our partners to serve families across the income and age spectrums. These policies have created more than 4,000 affordable units during Mayor Reed\u0026rsquo;s administration.\u003c/p\u003e\r\n\r\n\u003cp\u003ePiedmont Senior Tower is the first Rental Assistance Demonstration, or RAD, project in the City of Atlanta. More of these types of innovative solutions as our senior population grows. One forecast found that by the year 2035, one out of 5 Americans will be over the age of 65. And the need for more affordable living options will continue to increase.\u003c/p\u003e\r\n\r\n\u003cp\u003eEnsuring more of our seniors live and thrive here in Atlanta also has benefits for Atlanta\u0026rsquo;s economy. In fact, the Atlanta Regional Commission recently found that for every 1,000 new residents over the age of 65 the city welcomes, the region\u0026rsquo;s GDP increases by $7.8 billion.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Buckhead\n\u003c/span\u003e\n"},{"id":151,"title":"Financing Approved for Preservation of 812 Affordable Housing Units","promo_title":"Financing Approved for Preservation of 812 Affordable Housing Units","published_date":"2017-12-07","featured_image":{"id":381,"parent_id":34,"resource_file_name":"rolling_bends_3_feature.png","resource_content_type":"image/png","resource_file_size":1535694,"resource_updated_at":"2017-12-21T16:12:21.446-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2017-12-21T16:12:21.642-05:00","updated_at":"2017-12-21T16:13:29.521-05:00","filename_hash":"rolling_bends_3_feature_MYqVPxj.png","width":966,"height":724},"filename":"financing-approved-for-preservation-of-812-affordable-housing-units","meta_data_id":null,"published":true,"token":"M764EA","created_at":"2017-12-21T16:13:28.453-05:00","updated_at":"2017-12-21T16:13:28.453-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n The URFA Board of Directors approved financing for the acquisition and rehabilitation of 812 units of affordable rental housing.\n\u003c/div\u003e\n","project_year":"2017","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eThe URFA Board of Directors recently approved financing for the acquisition and rehabilitation of three multifamily rental complexes with 812 units of affordable rental housing.\u003c/p\u003e\r\n\r\n\u003cp\u003eAt 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, and Rolling Bends II. Here are the details:\u003c/p\u003e\r\n\r\n\u003cul\u003e\r\n\t\u003cli\u003eAllen Hills:\u0026nbsp;$66.7 million in tax-exempt bond financing will support the preservation of 458 units of multifamily housing in the Westhaven community.\u003c/li\u003e\r\n\t\u003cli\u003eRolling Bends I \u0026amp; II:\u0026nbsp;The URFA board approved a bond resolution approving $28.75 million and another for $33.35 million in tax-exempt bond financing. This will support a total of 354 units within the two complexes located in northwest Atlanta.\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;We are excited we are able to preserve affordable housing for families,\u0026rdquo; said Dawn Luke, Senior Vice President of Community Development at Invest Atlanta.\u003c/p\u003e\r\n\r\n\u003cp\u003eAll the units will be reserved for households earning no more than 60% of the Area Median Income (AMI). (For example, a family of two can earn up to $33,390 and be eligible.) In addition, HUD subsidies ensure all residents will pay no more than 30% of their income in rent.\u003c/p\u003e\r\n\r\n\u003cp\u003ePreservation Partners Development will own and manage all three properties. They\u0026rsquo;ll soon start making extensive renovations to all three properties, including upgrades to kitchens, windows, and community spaces. In addition, the company will implement plans for both neighborhood integration and enhanced security, as well as work with nearby churches and community non-profits to offer support services to their residents.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Southside\n\u003c/span\u003e\n"},{"id":149,"title":"Civic Center to Be Redeveloped Into Mixed-Use Development With Affordable Housing","promo_title":"Redevelopment of Civic Center to Include Affordable Housing","published_date":"2017-11-21","featured_image":{"id":379,"parent_id":34,"resource_file_name":"civic-center.png","resource_content_type":"image/png","resource_file_size":1242938,"resource_updated_at":"2017-12-21T16:08:55.445-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2017-12-21T16:08:55.609-05:00","updated_at":"2017-12-21T16:10:08.967-05:00","filename_hash":"civic-center_vl6qay2.png","width":1005,"height":750},"filename":"civic-center-to-be-redeveloped-into-mixed-use-development-with-affordable-housing","meta_data_id":null,"published":true,"token":"UWSkDg","created_at":"2017-12-21T16:10:08.357-05:00","updated_at":"2017-12-21T16:10:08.357-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n Mayor Kasim Reed announced the sale of the Civic Center to the Atlanta Housing Authority (AHA) for $31 million.\n\u003c/div\u003e\n","project_year":"2017","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eMayor 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.\u003c/p\u003e\r\n\r\n\u003cp\u003eAHA will partner with Weingarten Realty Investors to develop plans for the site, which is expected to result in a $300 million total investment, and will commit to 30 percent affordable housing at a time when affordability and mobility are the most important issues facing our city.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;I am pleased to announce today that the City has closed on the sale of the Civic Center to our partners at the Atlanta Housing Authority, which has committed to making 30 percent of new residential units at this property affordable to low-income and working families,\u0026rdquo; said Mayor Reed.\u003c/p\u003e\r\n\r\n\u003cp\u003eThrough its HomeFlex program, AHA will build 250 low-income housing units. Through its bond inducement requirements, Invest Atlanta will support development of at least 10 percent workforce housing units. Overall, at least 30 percent of new residential units will be affordable to low-income and working families.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;The redevelopment of the Civic Center will be a transformative project for north Downtown, bringing new jobs, investment, and amenities to the area,\u0026rdquo; said Rosalind Rubens Newell, general counsel for Invest Atlanta. \u0026ldquo;It will also create much-needed affordable workforce housing in the heart of our city, making it easier for more city residents to live near employment centers like Midtown and Downtown. Today\u0026rsquo;s announcement represents another important step forward in our work to increase economic vitality, mobility, and equity for all Atlantans.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;We\u0026rsquo;re happy that we can help execute this game-changing acquisition,\u0026rdquo; says Catherine Buell, president and CEO of the Atlanta Housing Authority. \u0026ldquo;As the site land owner, we can collaborate with all parties in a way that allows AHA to structure and guarantee a level of permanent affordability.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eThe mixed-use development will also incorporate retail and commercial space, with consideration given to a performing arts venue.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Eastside\n\u003c/span\u003e\n"},{"id":48,"title":"IA Moves Forward With Innovative Housing Affordability Strategies","promo_title":"IA Moves Forward With Innovative Housing Affordability Strategies","published_date":"2017-11-16","featured_image":{"id":256,"parent_id":33,"resource_file_name":"affordability_innovative_top.png","resource_content_type":"image/png","resource_file_size":1553524,"resource_updated_at":"2017-12-21T10:31:41.489-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2017-12-21T10:31:41.657-05:00","updated_at":"2017-12-21T10:37:50.990-05:00","filename_hash":"affordability_innovative_top_NnPxD6n.png","width":1081,"height":661},"filename":"ia-moves-forward-with-innovative-housing-affordability-strategies","meta_data_id":null,"published":true,"token":"iZgM8Q","created_at":"2017-12-21T10:37:50.414-05:00","updated_at":"2017-12-21T10:37:50.414-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n The Invest Atlanta Board of Directors approved two resolutions to provide new opportunities for long-term affordability on the Westside.\n\u003c/div\u003e\n","project_year":"2018","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eThe 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.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;We recognize that we have to have a solution for all the residents living in this community,\u0026rdquo; said Dawn Luke, senior VP of community development for Invest Atlanta.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe board\u0026rsquo;s first action approved the selection of four developers to award the sale or ground lease of 24 vacant single-family home lots. These properties, all of which are located within the Westside TAD, will be redeveloped and marketed to residents earning between $39,000 \u0026ndash; $58,000 annually.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe homes will remain affordable through a community land trust model in which the trust acquires and maintains the land, while the homeowner finances and owns the improvements. When the homeowner sells, the family earns a portion of the increased property value. The remainder is kept by the trust, preserving the affordability for future low to moderate-income families. By separating the ownership of land and the home, this innovative approach lowers the property tax burden for the homeowners and guarantees that the housing will remain affordable for future generations.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe second board item focused on maintaining long-term affordability for Westside renters through the redevelopment of an existing multi-family property on English Avenue. The board authorized the staff to negotiate the terms of a long-term ground lease to allow the Westside Future Fund (WFF) to renovate 6 units for residents earning no more than 50% AMI. To ensure affordability in perpetuity, Invest Atlanta will retain ownership of the land and sell the building to WFF.\u003c/p\u003e\r\n\r\n\u003cp\u003eThis project supports the goals of the Invest Atlanta\u0026rsquo;s Westside TAD Neighborhood Strategic Implementation Plan and the Community Retention Strategy currently being finalized by the Westside Future Fund. Renovations are scheduled to be complete by the summer of 2018.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n \n\u003c/span\u003e\n"},{"id":46,"title":"Residents Learn About Atlanta BeltLine Affordability and Inclusionary Zoning","promo_title":"Residents Learn About Atlanta BeltLine Affordability and Inclusionary Zoning","published_date":"2017-11-02","featured_image":{"id":255,"parent_id":33,"resource_file_name":"beltline_iz_feature-1.jpg","resource_content_type":"image/jpeg","resource_file_size":73561,"resource_updated_at":"2017-12-21T10:26:45.894-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2017-12-21T10:26:46.033-05:00","updated_at":"2017-12-21T10:27:33.532-05:00","filename_hash":"beltline_iz_feature-1_lpV2BwY.jpg","width":800,"height":600},"filename":"residents-learn-about-atlanta-beltline-affordability-and-inclusionary-zoning","meta_data_id":null,"published":true,"token":"z3165w","created_at":"2017-12-21T10:27:32.954-05:00","updated_at":"2017-12-21T10:27:32.954-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n Councilmember Andre Dickents recently led a special citywide conversation to discuss efforts to expand affordable housing around the Atlanta BeltLine.\n\u003c/div\u003e\n","project_year":"2017","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eCouncilmember Andre Dickents recently led a special citywide conversation to discuss efforts to expand affordable housing around the Atlanta BeltLine.\u003c/p\u003e\r\n\r\n\u003cp\u003eAt 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 new rental housing developments with more than 10 units would be required to set aside a percentage of units for affordable workforce housing. Attendees at the October 12 event were able to learn more about this approach to create more opportunities for Atlanta to live affordably on the Atlanta BeltLine.\u003c/p\u003e\r\n\r\n\u003cp\u003eInclusionary zoning policy is not new to the City of Atlanta. Last year, Mayor Reed, Councilmember Dickens, and Invest Atlanta passed a new affordable housing policy last year that requires any developer receiving an incentive to either set aside 15% of total residential units for households earning 80% of Area Median Income (AMI) or 10% of units for households earning 60% AMI or below.\u003c/p\u003e\r\n\r\n\u003cp\u003eSince 2016, the City of Atlanta, Invest Atlanta, and our partners have allocated nearly $140 million to impact affordable housing and homelessness in our city, including $12 million from the Atlanta BeltLine Affordable Housing Trust Fund and $3.2 million from the BeltLine TAD. Additional funding was allocated through Invest Atlanta and the Atlanta Housing Authority ($60 million), Homeless Opportunity Bonds ($26 million + an additional $25 million from philanthropic sources), and Housing Opportunity Bonds ($40 million).\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n \n\u003c/span\u003e\n"},{"id":4,"title":"Westside Community Builders Program Officially Launched","promo_title":"Westside Community Builders Program Officially Launched","published_date":"2017-10-30","featured_image":{"id":39,"parent_id":5,"resource_file_name":"community_builders_feature.jpg","resource_content_type":"image/jpeg","resource_file_size":192291,"resource_updated_at":"2017-12-18T17:07:37.901-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2017-12-18T17:07:37.972-05:00","updated_at":"2017-12-20T13:30:56.249-05:00","filename_hash":"community_builders_feature_xD2qEjD.jpg","width":800,"height":600},"filename":"westside-community-builders-program-officially-launched","meta_data_id":null,"published":true,"token":"I1UL8A","created_at":"2017-12-20T11:41:58.394-05:00","updated_at":"2017-12-20T13:30:55.686-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n The first members of the Community Builders program gathered at a welcoming reception to launch of the initiative.\n\u003c/div\u003e\n","project_year":"2017","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eThe first members of the\u0026nbsp;Community\u0026nbsp;Builders program gathered at a welcoming reception the Invest Atlanta offices on October 26 to mark the official launch of the initiative.\u003c/p\u003e\r\n\r\n\u003cp\u003eInvest Atlanta created the Community Builders program in response to growing interest from residents on the Westside to learn how to redevelop vacant, abandoned, and blighted commercial and multi-family properties. The goal of the program is to empower participants to partner with Invest Atlanta on the organization\u0026rsquo;s work on the Westside.\u003c/p\u003e\r\n\r\n\u003cp\u003eThrough this program, participants will learn core property redevelopment skills, and once they complete it, they\u0026rsquo;ll be eligible to apply for funding assistance to support their own redevelopment projects.\u003c/p\u003e\r\n\r\n\u003cp\u003eInvest Atlanta has committed $15 million to the Westside Community Fund and leverages these dollars in coordination with public and private partners to address critical areas of need \u0026ndash; such as affordable housing, employment opportunities, and retail development. The work is focused on the neighborhoods of English Avenue, Vine City, and Castleberry Hill.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe work is being done in several different areas. First, IA is working to create and retain the affordable workforce housing stock so more people can call Atlanta \u0026ldquo;home,\u0026rdquo; whether they\u0026rsquo;re renting, leasing, or looking to buy a home.\u003c/p\u003e\r\n\r\n\u003cp\u003eFor example, IA is working with developers to turn 24 vacant properties into new affordable housing units in English Avenue and Vine City that will go to families earning 80%-100% of the area median income. IA is also expanding employment opportunities through our support of great organizations like Westside Works, and supporting area small businesses on the Westside like Steed Media Group through grants and low-interest small business loans. In addition, IA is improving quality of life in many ways, from removing blight to creating greenspace, and reenergizing the MLK corridor with economic investment to supporting service organizations like Families First.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe ultimate goals are to create jobs, invest in neighborhoods, and create greater equity in our communities. This is all being done along with our other economic and community development programs, as well as alongside Invest Atlanta\u0026rsquo;s many public and private partners.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Westside\n\u003c/span\u003e\n"},{"id":43,"title":"Invest Atlanta Joins 8th Annual APAB Citizen Engagement and Community Day","promo_title":"Invest Atlanta Joins Annual APAB Citizen Engagement and Community Day","published_date":"2017-10-28","featured_image":{"id":251,"parent_id":33,"resource_file_name":"apab_meeting_1_feature-1.jpg","resource_content_type":"image/jpeg","resource_file_size":46492,"resource_updated_at":"2017-12-21T10:14:36.930-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2017-12-21T10:14:37.092-05:00","updated_at":"2017-12-21T10:15:37.111-05:00","filename_hash":"apab_meeting_1_feature-1_OPqgQx9.jpg","width":800,"height":601},"filename":"invest-atlanta-joins-8th-annual-apab-citizen-engagement-and-community-day","meta_data_id":null,"published":true,"token":"POrJxw","created_at":"2017-12-21T10:15:36.123-05:00","updated_at":"2017-12-21T10:15:36.123-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n Invest Atlanta took an active role in the Atlanta Planning Advisory\u0026rsquo;s Citizen Engagement and Community Day, held at Zoo Atlanta.\n\u003c/div\u003e\n","project_year":"2017","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eInvest Atlanta took an active role in the Atlanta Planning Advisory\u0026rsquo;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.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe annual event, now in its eighth year, aims to equip Atlanta residents with the information they need to mobilize their communities for positive change. This year\u0026rsquo;s event was themed, \u0026ldquo;MY City\u0026hellip;YOUR\u0026hellip; City\u0026hellip;OUR City,\u0026rdquo; and several panel discussions convened in the morning covered issues such as Economic Development, Health and Wellness, and Community Organizing and Public Policy. In the afternoon, attendees had the chance to participate in charrettes on affordable housing, economic and community development, and mobility.\u003c/p\u003e\r\n\r\n\u003cp\u003eThose who were able to attend gained valuable insights on how to advocate successfully for the resources, services, and programs they need to empower and strengthen their communities.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe Atlanta Planning Advisory Board (APAB) draws on representation from the City of Atlanta\u0026rsquo;s Neighborhood Planning Unit (NPU) system and partner organizations. APAB\u0026rsquo;s mission is to facilitate citizen participation in advising City Administration and City Council on issues, goals, and objectives relative to Atlanta\u0026rsquo;s Comprehensive Development Plan. Bill Bozarth is the APAB representative on the Invest Atlanta Board of Directors.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Eastside\n\u003c/span\u003e\n"},{"id":1,"title":"Historic Atlanta Constitution Building Is Sold","promo_title":"Historic Atlanta Constitution Building Is Sold","published_date":"2017-10-19","featured_image":{"id":40,"parent_id":5,"resource_file_name":"constitution_building_feature.png","resource_content_type":"image/png","resource_file_size":930046,"resource_updated_at":"2017-12-18T17:07:38.001-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2017-12-18T17:07:38.103-05:00","updated_at":"2017-12-19T12:04:58.855-05:00","filename_hash":"constitution_building_feature_gvVg9W3.png","width":800,"height":600},"filename":"historic-atlanta-constitution-building-is-sold","meta_data_id":null,"published":true,"token":"DKJCpw","created_at":"2017-12-19T12:04:57.892-05:00","updated_at":"2017-12-19T12:04:57.892-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n The Atlanta Constitution building will be redeveloped into a mixed-used development with 34 affordable housing units.\n\u003c/div\u003e\n","project_year":"2017","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eThe Invest Atlanta Board of Directors has approved the sale of the Atlanta Constitution building, which will be redeveloped into a mixed-used development with 34 affordable housing units. This historic structure has been vacant since the 1970\u0026rsquo;s.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;This is a project that\u0026rsquo;s near and dear to all our hearts,\u0026rdquo; said Dawn Luke, Invest Atlanta\u0026rsquo;s Senior Vice President of Community Development. \u0026ldquo;We\u0026rsquo;re excited because this project not only protects and restores a blighted property, but it also provides a much-needed asset in Downtown Atlanta.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eOn Thursday, October 19, the board awarded the sale of the building located at 143 Alabama Street for $2 million to Pope \u0026amp; Land and Place Properties. The joint venture will redevelop the property into a mixed-use project that will include into 67,000 square-feet of loft office and 2,5000 square-feet of retail space. It will also include a residential component with at least 112 new multi-family rental units, 34 of which will be income-restricted to households earning 80% of the Area Median Income (AMI).\u003c/p\u003e\r\n\r\n\u003cp\u003eThis project will preserve an historic building, serve as an economic anchor bringing 24-hour vitality to South Downton, and provide 30-year housing affordability in Downtown Atlanta. The $40.6 million project is estimated to have an economic impact of $56.5 million and will create 360 permanent jobs in the new office and retail spaces. Construction is expected to begin in the summer of 2018, with the office portion wrapping up in 2019 and the residential construction ending in early 2020.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n South Downtown\n\u003c/span\u003e\n"},{"id":8,"title":"IA Grant Supports Housing for Homeless Women and Children","promo_title":"IA Grant Supports Housing for Homeless Women and Children","published_date":"2017-10-06","featured_image":{"id":213,"parent_id":33,"resource_file_name":"city_of_refuge_v2_larger.jpg","resource_content_type":"image/jpeg","resource_file_size":60481,"resource_updated_at":"2017-12-20T13:09:11.563-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2017-12-20T13:09:11.699-05:00","updated_at":"2017-12-20T13:10:44.873-05:00","filename_hash":"city_of_refuge_v2_larger_jpvjjDb.jpg","width":800,"height":601},"filename":"ia-grant-supports-housing-for-homeless-women-and-children","meta_data_id":null,"published":true,"token":"-6RPag","created_at":"2017-12-20T13:10:44.362-05:00","updated_at":"2017-12-20T13:10:44.362-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n City of Refuge will use a $350,000 Housing Opportunity Fund grant to develop supportive housing for homeless women and children.\n\u003c/div\u003e\n","project_year":"2017","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eA $350,000 grant from the Housing Opportunity Fund will go to the City of Refuge to reimburse the organization for property being developed into supportive housing for homeless women and children. The Urban Residential Finance Authority board approved the grant in June, and the grant closed in September.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe property, located directly across from the City of Refuge\u0026rsquo;s center off Joseph E. Boone Blvd., will be redeveloped into at least 43 units of new supportive housing. Formerly homeless residents will have access to a variety of services, including meal services, day care, after school programming, counseling, and job training.\u003c/p\u003e\r\n\r\n\u003cp\u003eCity of Refuge is non-profit organization that provides access to opportunities in housing, vocational training, healthcare and youth development on Atlanta\u0026rsquo;s Westside. They have served over 20,000 men, women, and children in crisis over the past two decades. Over 100 full-time City of Refuge and partner staff members are trained, educated, and experienced in assisting individuals and families in crisis to access resources and create a plan for future success. Their partners include Invest Atlanta, as well as St. Joseph\u0026rsquo;s Mercy Care Clinic, Westcare, Bright Futures Academy, Feed My Lambs, Genuine Parts Company, BB\u0026amp;T, Regions Bank, SunTrust Bank, Chick-fil-a, Coca-Cola, and Georgia Public Defenders.\u003c/p\u003e\r\n\r\n\u003cp\u003eLast year, City of Refuge received more than\u0026nbsp;\u003ca href=\"http://insight.investatlanta.com/2016/10/19/city-of-refuge-receives-funding-to-expand-job-training-on-the-westside/\"\u003e$7 million in philanthropic support\u003c/a\u003e\u0026nbsp;for the construction and renovation of a 20,000-sq.ft. training center and culinary academy, which is scheduled to open in the fall of 2019.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Westside\n\u003c/span\u003e\n"},{"id":13,"title":"Long-Vacant Adair Elementary to Be Redeveloped Info Affordable Housing Units","promo_title":"Long-Vacant Adair Elementary to Be Redeveloped Info Affordable Housing Units","published_date":"2017-09-22","featured_image":{"id":219,"parent_id":33,"resource_file_name":"adair_park_feature_copy.jpg","resource_content_type":"image/jpeg","resource_file_size":208164,"resource_updated_at":"2017-12-20T13:57:49.341-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2017-12-20T13:57:49.500-05:00","updated_at":"2017-12-20T13:59:10.770-05:00","filename_hash":"adair_park_feature_copy_mpoarQ5.jpg","width":894,"height":670},"filename":"long-vacant-adair-elementary-to-be-redeveloped-info-affordable-housing-units","meta_data_id":null,"published":true,"token":"cMOtfw","created_at":"2017-12-20T13:59:10.090-05:00","updated_at":"2017-12-20T13:59:10.090-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n Funding raised through the Housing Opportunity Bond will finance the adaptive reuse and redevelopment of the historic Adair Elementary School.\n\u003c/div\u003e\n","project_year":"2017","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eOn 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\u0026rsquo;s.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe new development, called Academy Lofts, will include 35 residential units, of which 25 will be income-restricted to 60% Average Median Income (AMI). Another 5 will be income-restricted to 30% AMI. The school is located in the Adair Park neighborhood and is close to the West End and Oakland City MARTA rail stations.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe Creatives Project, a local non-profit, will assist in marketing the units to local artists and creatives. The building will also include 10,000 square-feet of commercial and programmatic space. The resolution did not need to come before the full URFA board for approval.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Adair Park\n\u003c/span\u003e\n"},{"id":18,"title":"Groundbreaking Kicks Off Work on Rehab of Wheat Street Towers","promo_title":"Groundbreaking Kicks Off Work on Rehab of Wheat Street Towers","published_date":"2017-09-01","featured_image":{"id":225,"parent_id":33,"resource_file_name":"wheat_street_main-768x420.jpg","resource_content_type":"image/jpeg","resource_file_size":85062,"resource_updated_at":"2017-12-20T14:42:51.321-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2017-12-20T14:42:51.463-05:00","updated_at":"2017-12-20T14:43:46.694-05:00","filename_hash":"wheat_street_main-768x420_p5Vxm7p.jpg","width":768,"height":420},"filename":"groundbreaking-kicks-off-work-on-rehab-of-wheat-street-towers","meta_data_id":null,"published":true,"token":"30nnyQ","created_at":"2017-12-20T14:43:46.211-05:00","updated_at":"2017-12-20T14:43:46.211-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n The official groundbreaking for upgrades to the Wheat Street Towers on Auburn Avenue took place on Thursday, August 17.\n\u003c/div\u003e\n","project_year":"2017","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eThe 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.\u003c/p\u003e\r\n\r\n\u003cp\u003eOnce open, the Wheat Street Towers will have 208 units available for seniors earning 60% Average Median Income (AMI). The existing Housing Assistance Payments Contract will stay in place, and residents will pay no more than 30% of their income. Residents will live in updated residences, with access to amenities like a business center, fitness center, and a central laundry.\u003c/p\u003e\r\n\r\n\u003cp\u003eMembers of the Invest Atlanta team were on hand to celebrate alongside the Benoit Group, Wheat Street Charitable Foundation, Dorchester Management, and others who made the day possible.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Eastside\n\u003c/span\u003e\n"},{"id":23,"title":"Board Approves $26 Million in Bond Financing to Support Homelessness Initiatives","promo_title":"Board Approves $26 Million to Support Homelessness Initiatives","published_date":"2017-08-18","featured_image":{"id":230,"parent_id":33,"resource_file_name":"homelessness_feature.jpg","resource_content_type":"image/jpeg","resource_file_size":171396,"resource_updated_at":"2017-12-20T15:10:00.471-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2017-12-20T15:10:00.683-05:00","updated_at":"2017-12-20T15:11:04.658-05:00","filename_hash":"homelessness_feature_5E5Va4O.jpg","width":2289,"height":1717},"filename":"board-approves-26-million-in-bond-financing-to-support-homelessness-initiatives","meta_data_id":null,"published":true,"token":"-MuC9w","created_at":"2017-12-20T15:11:04.154-05:00","updated_at":"2017-12-20T15:11:04.154-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n The Invest Atlanta Board of Directors unanimously passed a resolution to provide $26 million for eradicating homelessness in Atlanta.\n\u003c/div\u003e\n","project_year":"2017","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003e\u003cspan style=\"color: rgb(56, 64, 71); font-family: \u0026quot;Whitney SSm A\u0026quot;, \u0026quot;Whitney SSm B\u0026quot;, sans-serif; font-size: 14px;\"\u003eMayor Kasim Reed and the Invest Atlanta Board of Directors unanimously passed a resolution at its August board meeting that will provide $26 million in additional funding for initiatives to eradicate homelessness in the City of Atlanta.\u003c/span\u003e\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n \n\u003c/span\u003e\n"},{"id":31,"title":"Invest Atlanta Hosts Inaugural Westside Housing Fair","promo_title":"Invest Atlanta Hosts Inaugural Westside Housing Fair","published_date":"2017-08-08","featured_image":{"id":238,"parent_id":33,"resource_file_name":"westside_housing_fair_1_feature.jpg","resource_content_type":"image/jpeg","resource_file_size":420595,"resource_updated_at":"2017-12-20T15:50:19.380-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2017-12-20T15:50:19.689-05:00","updated_at":"2017-12-20T15:51:13.946-05:00","filename_hash":"westside_housing_fair_1_feature_RJqevOr.jpg","width":3616,"height":2713},"filename":"invest-atlanta-hosts-inaugural-westside-housing-fair","meta_data_id":null,"published":true,"token":"307BQg","created_at":"2017-12-20T15:51:13.408-05:00","updated_at":"2017-12-20T15:51:13.408-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n The first-ever Westside Housing Fair offered residents valuable housing information, as well as prizes and fun activities for the family.\n\u003c/div\u003e\n","project_year":"2017","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eThe 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.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe partners participating at the Fair provided valuable insights to attendees, whether they currently rent, already own a home, or are looking to buy a home on the Westside. The highlight of the event was an informative presentation during which each group offered a brief overview of what products and services they provide. Here\u0026rsquo;s a quick overview of the program:\u003c/p\u003e\r\n\r\n\u003cul\u003e\r\n\t\u003cli\u003eRenters: The Atlanta Housing Authority spoke about their work on the Westside and the Housing Choice Voucher Program, while Invest Atlanta representatives spoke about our land acquisition efforts and the Dalvigney and Oasis of Vine City developments. The Atlanta Volunteer Lawyers Foundation focused on renters\u0026rsquo; rights and the effect of rising property values on Westside renters.\u003c/li\u003e\r\n\t\u003cli\u003eHomebuyers: Invest Atlanta spoke about our\u0026nbsp;\u003ca href=\"http://www.investatlanta.com/intown-living/homebuyer-incentives/\"\u003edown payment assistance programs\u003c/a\u003e, as well as our new\u0026nbsp;\u003ca href=\"http://www.investatlanta.com/intown-living/trio/\"\u003eTrio lease-to-own option\u003c/a\u003e. The On the Rise Financial Center spoke about preparing for the homebuying process, and Atlanta Habitat for Humanity discussed their future construction plans on the Westside.\u003c/li\u003e\r\n\t\u003cli\u003eHomeowners: The Westside Future Fund focused on the recently announced Anti-Displacement Tax Fund. Meals on Wheels spoke about their joint work with IA on an owner-occupied rehabilitation program, while the Georgia Heirs Property Law Center emphasized the importance of correcting title issues.\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\r\n\u003cp\u003eAttendees also enjoyed fun outdoor activities, back-to-school giveaways, prize drawings, and free food. The non-profit Soccer in the Streets even set up an area where children could play a quick game of pickup soccer.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe Westside Housing Fair is part of Invest Atlanta\u0026rsquo;s larger effort to support the Westside revitalization and resident retention effort. Learn more about Invest Atlanta\u0026rsquo;s work\u0026nbsp;\u003ca href=\"http://www.investatlanta.com/westside-tad-investments/\"\u003ehere\u003c/a\u003e.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Homebuying/ Homeownership\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Westside\n\u003c/span\u003e\n"},{"id":41,"title":"Invest Atlanta Approves Creation and Retention of Nearly 500 Units of Affordable and Workforce Housing","promo_title":"Creation and Retention of nearly 500 Affordable Workforce Housing Units Approved","published_date":"2017-07-20","featured_image":{"id":249,"parent_id":33,"resource_file_name":"avery_rendering_feature.jpg","resource_content_type":"image/jpeg","resource_file_size":292841,"resource_updated_at":"2017-12-21T10:06:04.526-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2017-12-21T10:06:04.720-05:00","updated_at":"2018-04-03T12:31:04.779-04:00","filename_hash":"avery_rendering_feature_1OmY7Ea.jpg","width":2223,"height":1667},"filename":"invest-atlanta-approves-creation-and-retention-of-500-units-of-affordable-and-workforce-housing","meta_data_id":null,"published":true,"token":"TbDKEg","created_at":"2017-12-21T10:08:03.113-05:00","updated_at":"2018-04-03T12:29:32.982-04:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n \u003cdiv\u003e\r\n\u003cdiv\u003e\r\n\u003cdiv\u003e\r\n\u003cdiv\u003eMayor Kasim Reed and the Invest Atlanta board approved five projects that will support nearly 500 units of affordable workforce housing.\r\n\u003cdiv\u003e\u0026nbsp;\u003c/div\u003e\r\n\u003c/div\u003e\r\n\u003c/div\u003e\r\n\u003c/div\u003e\r\n\u003c/div\u003e\r\n\n\u003c/div\u003e\n","project_year":"2017","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eAt Invest Atlanta\u0026rsquo;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 484 units of affordable and workforce housing. The new developments will increase the availability of affordable housing within Atlanta\u0026rsquo;s in-town communities and are located near MARTA transit lines.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;For Atlanta to remain a place everyone can call home, we must continue to prioritize affordability and mobility. I am proud that the Invest Atlanta board was able to support the creation of nearly 500 units of affordable housing for working families,\u0026rdquo; said Mayor Kasim Reed. \u0026ldquo;I believe it is essential for every public agency in Atlanta to prioritize affordability, and I look forward to continuing to work with the development community to ensure more of our residents have access to affordable, high-quality housing.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;Under Mayor Reed\u0026rsquo;s leadership, the board took significant action in our efforts to create, rehabilitate, and preserve affordable housing throughout Atlanta,\u0026rdquo; said Dr. Eloisa Klementich, President and CEO of Invest Atlanta. \u0026ldquo;Working with our partners at Atlanta Housing Authority (AHA), the City of Atlanta, and the Atlanta BeltLine Inc., our goal is to produce or rehabilitate 10,000 residential units for a range of incomes by 2020. Today, we took another step forward to achieve this.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eThe board approved resolutions dealing with five development projects:\u003c/p\u003e\r\n\r\n\u003cul\u003e\r\n\t\u003cli\u003eThe Avery at Underground Atlanta:\u0026nbsp;The board approved a $3.6 million Eastside TAD grant to develop a $36.7 million, 4-story workforce multifamily development within the heart of Underground Atlanta. Of the 180 total units, 150 (83%) will be income restricted to households earning 60% AMI or below and 30 units (17%) will be market-rate units targeted at households earning 80%-120% of AMI.\u003c/li\u003e\r\n\t\u003cli\u003eNewport South Downtown Redevelopment:\u0026nbsp;The board approved an $8 million Eastside TAD grant to Newport U.S. RE to renovate and adaptively reuse 38 buildings in South Downtown into a vibrant mixed-income, mixed-use neighborhood. The development will include 52 residential units, 11 of which will be targeted to households earning 80% AMI. The overall project is estimated to create 2,300 new permanent jobs and have an economic impact of $260 million.\u003c/li\u003e\r\n\t\u003cli\u003eKing Memorial MARTA Transit-Oriented Development (TOD):\u0026nbsp;The board approved a $6 million Eastside TAD grant to Place Properties to support the development of a $64.5 million, 385-unit modular multifamily community at the King Memorial MARTA station. Twenty-five percent of the units, or 93, will be income-restricted to households earning 80% AMI.\u003c/li\u003e\r\n\t\u003cli\u003eEdgewood Court Apartments:\u0026nbsp;The board approved an inducement resolution to issue $26.4 million in tax-exempt bonds to finance the acquisition, rehabilitation, and preservation of 222 units of multifamily affordable housing. These units are income-restricted to households earning 60% AMI, with residents paying no more than 30% of their income toward rent.\u003c/li\u003e\r\n\t\u003cli\u003eQuest Village at D\u0026rsquo;alvigney:\u0026nbsp;The board approved a resolution authorizing a $245,800 loan from the Vine City Housing Trust fund to rehabilitate a 12-unit multifamily development at 694 and 700 D\u0026rsquo;alvigney Street. Quest Community Development Organization will manage the construction.\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\r\n\u003cp\u003eThe Invest Atlanta board approved an unprecedented 27 resolutions, including 16 projects that address our city\u0026rsquo;s most important goals like job growth, affordable housing, mobility, and neighborhood revitalization. From catalytic projects, like Underground Atlanta and Colony Square to transit-oriented development at King Memorial MARTA station, to preserving affordable housing in Edgewood, these newly approved projects will help our city for years to come. In total, these projects will bring more than 7,000 new jobs, a total capital investment in our city of over $750 million, an economic impact of $1.5 billion, and almost 500 affordable workforce housing units close to our major employment centers.\u003c/p\u003e\r\n\r\n\u003cp\u003eLast month, the Invest Atlanta board approved resolutions supporting the creation and retention of 161 affordable housing units. Looking ahead, a significant amount of funding for affordable housing will be invested in the coming years. This $140 million in funding includes $40 million from Housing Opportunity Bonds, $26 million in Homeless Opportunity Bonds (along with an additional $25 million contribution from the United Way), $60 million through a funding agreement between Invest Atlanta and the Atlanta Housing Authority (AHA), and $12 million from the Atlanta BeltLine Affordable Housing Trust Fund.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n South Downtown\n\u003c/span\u003e\n"},{"id":156,"title":"NALHFA Board Travels to D.C. to Push For Affordable Housing Solutions","promo_title":"NALHFA Board Pushes For Affordable Housing Solutions in D.C.","published_date":"2017-07-11","featured_image":{"id":386,"parent_id":33,"resource_file_name":"nalhfa_dawn_feature_v2.jpg","resource_content_type":"image/jpeg","resource_file_size":72629,"resource_updated_at":"2017-12-22T08:48:01.143-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2017-12-22T08:48:01.320-05:00","updated_at":"2017-12-22T08:48:19.939-05:00","filename_hash":"nalhfa_dawn_feature_v2_W1a5x14.jpg","width":960,"height":720},"filename":"nalhfa-board-travels-to-dc-to-push-for-affordable-housing-solutions","meta_data_id":null,"published":true,"token":"2IFQPQ","created_at":"2017-12-22T08:48:19.162-05:00","updated_at":"2017-12-22T08:48:19.162-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n Dawn Luke, Senior VP of Community Development, joined fellow board members of the National Association of Local Housing Finance Agencies (NALHFA).\n\u003c/div\u003e\n","project_year":"2017","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eDawn Luke, Invest Atlanta\u0026rsquo;s Senior VP of Community Development, joined fellow board members of the\u0026nbsp;\u003ca href=\"https://www.nalhfa.org/\"\u003eNational Association of Local Housing Finance Agencies (NALHFA)\u003c/a\u003e\u0026nbsp;on a trip to Washington, D.C. to speak with federal lawmakers about solutions to the nation\u0026rsquo;s affordable housing crisis. Luke was\u0026nbsp;\u003ca href=\"http://insight.investatlanta.com/2016/05/19/nalhfa-elects-dawn-luke-to-its-board-of-directors/\"\u003eelected to the NALHFA board\u003c/a\u003e\u0026nbsp;in May of last year.\u003c/p\u003e\r\n\r\n\u003cp\u003eOn June 29, NALHFA board members and staff met with the Ja\u0026rsquo;Ron Smith, Director of Urban Affairs and Revitalization Policy at the White House and ten different Congressional offices. Discussion topics included enhancing the Low Income Housing Tax Credit (LIHTC) Program, preserving funding for the Department of Housing and Urban Development (HUD) programs, strengthening the municipal bond market, and increasing opportunities for public-private partnerships in the affordable housing industry.\u003c/p\u003e\r\n\r\n\u003cp\u003eNALHFA board members and staff also held several constructive meetings with Congressional offices. Every office was supportive of affordable housing programs and requested to remain engaged with NALHFA about what can be done to address the affordable housing crisis.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe NALHFA trip achieved several positive outcomes on the following issues:\u003c/p\u003e\r\n\r\n\u003cul\u003e\r\n\t\u003cli\u003eThe Municipal Finance Support Act of 2017:\u0026nbsp;This would allow large banks to count some of their municipal bond investments, including tax-exempt housing bonds, as high-quality liquid assets (HQLAs) under federal bank liquidity standard. NALHFA received the support of Senator David Perdue\u0026rsquo;s (R-GA) office and they have since co-sponsored the bill.\u003c/li\u003e\r\n\t\u003cli\u003eThe Affordable Housing Credit Improvement Act of 2017:\u0026nbsp;Passage of this legislation would be a huge win for the industry and provide a much needed boost to the LIHTC program. NALHFA was able to secure Senator Dianne Feinstein\u0026rsquo;s (D-CA) office commitment to co-sponsor the legislation.\u003c/li\u003e\r\n\t\u003cli\u003eHUD Funding and the President\u0026rsquo;s Budget Proposal:\u0026nbsp;The Congressional offices the team visited all indicated that the President\u0026rsquo;s budget is not being used to determine funding levels for these programs and there are no plans to eliminate programs like Community Development Block Grants (CDBG) and HOME Investment Partnerships (HOME).\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\r\n\u003cp\u003eDuring the White House meeting, Luke and the other NALHFA board members discussed the importance of the affordable housing programs to public-private partnerships, infrastructure development, and economic growth. Ja\u0026rsquo;Ron Smith emphasized the Administration\u0026rsquo;s focus on getting the biggest bang for the federal dollar and making affordable housing programs more efficient and effective. Smith also said he would like to continue engaging with NALHFA members. The NALHFA Legislative Committee will continue to work with policymakers in Washington to ensure the vitality of affordable housing programs.\u003c/p\u003e\r\n\r\n\u003cp\u003eTo join this ongoing dialogue with the White House, please contact NALHFA Policy Director Heather Voorman at\u0026nbsp;\u003ca href=\"mailto:hvoorman@nalhfa.org\"\u003ehvoorman@nalhfa.org\u003c/a\u003e.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n \n\u003c/span\u003e\n"},{"id":53,"title":"Grant to Fund Affordable Workforce Housing in Downtown Development","promo_title":"Grant to Fund Affordable Workforce Housing in Downtown Development","published_date":"2017-06-20","featured_image":{"id":262,"parent_id":33,"resource_file_name":"161_peachtree_feature_1.jpg","resource_content_type":"image/jpeg","resource_file_size":63990,"resource_updated_at":"2017-12-21T10:48:59.602-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2017-12-21T10:48:59.755-05:00","updated_at":"2017-12-21T10:50:04.702-05:00","filename_hash":"161_peachtree_feature_1_XJ5YRL4.jpg","width":852,"height":640},"filename":"grant-to-fund-affordable-workforce-housing-in-downtown-development","meta_data_id":null,"published":true,"token":"fg_rcQ","created_at":"2017-12-21T10:50:04.095-05:00","updated_at":"2017-12-21T10:50:04.095-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n The Board of Directors approved a $9 million Eastside TAD grant to develop a residential tower with sixty affordable units.\n\u003c/div\u003e\n","project_year":"2017","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eAt 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 total units, will be set aside as affordable workforce housing.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;I am pleased that Invest Atlanta is able to support a new residential development in Downtown Atlanta with 20 percent affordable, workforce housing units,\u0026rdquo; said Mayor Kasim Reed. \u0026ldquo;The development at 161 Peachtree will be the second new residential development for families and young professionals in Downtown Atlanta in the past decade, demonstrating that developers are growing increasingly confident about building in the core of our city. This is another example of how we are taking action to ensure high-quality, affordable housing options for all families.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eBanyan Street Capital LLC, the owner of Peachtree Center, is proposing to partner with Greystar, a national multifamily developer and property manager, to build the residential tower above an existing parking garage adjacent to Peachtree Center.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe project will bring approximately 150 temporary construction jobs, and more than $90M in capital investment to the Downtown area. The total economic impact of the project is estimated at more than $129 million. Construction is expected to begin in early 2018.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;This project will not only attract more residents and commercial activity to Downtown, but activate an existing structure in a new and innovative way that brings greater affordability and mobility to Atlanta,\u0026rdquo; said Dr. Eloisa Klementich, President and CEO of Invest Atlanta. \u0026ldquo;With 20 percent of the units being offered at 80 percent of area median income, more working families can live within a short walk or transit trip from Atlanta\u0026rsquo;s jobs centers.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eThe news about the 161 Peachtree residential tower continues the positive economic momentum already underway in Downtown Atlanta. Post Centennial Park apartment complex will open soon, and construction of the Castleberry Park and Hard Rock Hotel development is underway. In addition, WRS, Inc. will soon begin the redevelopment of Underground Atlanta into a live-work-play destination, ensuring significant investment in the South Downtown area.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Downtown\n\u003c/span\u003e\n"},{"id":65,"title":"Newly Closed Housing Opportunity Bonds to Fund Affordable Housing Initiatives","promo_title":"Newly Closed Housing Opportunity Bonds to Fund Affordable Housing Initiatives","published_date":"2017-06-01","featured_image":{"id":274,"parent_id":33,"resource_file_name":"briarcliff_summit_bottom.jpg","resource_content_type":"image/jpeg","resource_file_size":95622,"resource_updated_at":"2017-12-21T11:14:55.980-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2017-12-21T11:14:56.130-05:00","updated_at":"2017-12-21T11:15:18.586-05:00","filename_hash":"briarcliff_summit_bottom_DNxypV1.jpg","width":820,"height":615},"filename":"newly-closed-housing-opportunity-bonds-to-fund-affordable-housing-initiatives","meta_data_id":null,"published":true,"token":"Esocng","created_at":"2017-12-21T11:15:17.985-05:00","updated_at":"2017-12-21T11:15:17.985-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n The Urban Residential Finance Authority closed on $40 million of Housing Opportunity Bonds to fund affordable and workforce housing development.\n\u003c/div\u003e\n","project_year":"2017","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eThanks 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.\u003c/p\u003e\r\n\r\n\u003cp\u003eBack in March, both the Atlanta City Council and the Invest Atlanta Board of Directors unanimously approved the issuance of the bonds.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;This is a tremendous step forward in securing affordable housing for the residents of Atlanta,\u0026rdquo; said Councilmember Julian Bond, who introduced the legislation authorizing the bond issuance, when the legislation passed.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;Housing is about people,\u0026rdquo; added Councilmember Andre Dickens, a former member of the Invest Atlanta board. \u0026ldquo;This bond is an important tool to develop equitable and inclusionary housing options for our residents and promote development without displacement.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eThe Housing Opportunity Bonds represent a key part of a larger housing strategy the City of Atlanta adopted in 2015, and the HOB funds will be used to finance:\u003c/p\u003e\r\n\r\n\u003cul\u003e\r\n\t\u003cli\u003eMultifamily Loans:\u0026nbsp;Loans will be provided to nonprofit and for profit multifamily developers offering affordable rental workforce housing units.\u003c/li\u003e\r\n\t\u003cli\u003eSingle Family Loans:\u0026nbsp;Loans will be used for construction financing, down payment assistance, and owner occupied rehabilitation.\u003c/li\u003e\r\n\t\u003cli\u003eNon-Profit Development Loans:\u0026nbsp;Funds will be set aside for eligible nonprofit developers for multifamily and single family affordable housing development.\u003c/li\u003e\r\n\t\u003cli\u003eLand Assemblage:\u0026nbsp;Funds to be used by non-profit and for-profit developers, as well as City Agencies, to acquire land and vacant property for affordable housing development.\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\r\n\u003cp\u003eThe Atlanta City Council first established the Housing Opportunity Bond Program in 2007. With the funding raised from this bond issuance, Invest Atlanta produced over 2,200 affordable housing units, leveraging over $260 million in capital investment.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe lessons learned and feedback received over the course of the past decade informed how the funding raised from this year\u0026rsquo;s effort will be invested. For example, stakeholders emphasized the need for more funds for owner-occupied rehabilitation efforts to ensure more residents could stay in their homes.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;We are very excited and very happy this is coming to fruition,\u0026rdquo; said Alan Ferguson, Invest Atlanta\u0026rsquo;s Vice President and Deputy Director of Community Development. \u0026ldquo;These programs are based on the current market, as well as input from various groups: elected officials, neighborhood residents, community leaders, non-profits, and developers.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eIn April and May, Invest Atlanta and the City of Atlanta\u0026rsquo;s Office of Housing and Community Development hosted two Housing Opportunity Bond events at the Georgia Hill Neighborhood Center. Close to 200 interested affordable housing developers and advocates gathered together to participate in work sessions in which they delivered feedback and comment regarding the Housing Opportunity Bond Program guidelines.\u003c/p\u003e\r\n\r\n\u003cp\u003eOther notable attendees included Councilmembers Julian Bond, Andre Dickens, Cleta Winslow, as well as Planning Commissioner Tim Keane, Planning Deputy Commissioner Terri Lee, and Invest Atlanta Board Member Bill Bozarth.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n \n\u003c/span\u003e\n"},{"id":70,"title":"Reynoldstown Senior Residencies Celebrates Long-Awaited Opening","promo_title":"Reynoldstown Senior Residencies Celebrates Long-Awaited Opening","published_date":"2017-05-10","featured_image":{"id":281,"parent_id":33,"resource_file_name":"reynoldstown_ia_insight_400_2.jpg","resource_content_type":"image/jpeg","resource_file_size":534238,"resource_updated_at":"2017-12-21T13:02:24.149-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2017-12-21T13:02:24.545-05:00","updated_at":"2017-12-21T13:03:28.189-05:00","filename_hash":"reynoldstown_ia_insight_400_2_5E5pVDJ.jpg","width":4020,"height":3016},"filename":"reynoldstown-senior-residencies-celebrates-long-awaited-opening","meta_data_id":null,"published":true,"token":"pMbyzQ","created_at":"2017-12-21T13:03:27.486-05:00","updated_at":"2017-12-21T13:03:27.486-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n The senior housing development along the Atlanta BeltLine offers 70 affordable housing units for residents over the age of 62.\n\u003c/div\u003e\n","project_year":"2017","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eAfter 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.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;What I find amazing is the commitment, not only of Invest Atlanta, but our partners in taking care of those who take care of us,\u0026rdquo; said Dawn Luke, SVP of Community Development at Invest Atlanta. \u0026ldquo;The seniors in this community have been the bedrock in this community for years, and the fact they get to reside and live in this community is amazing.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eMercy Housing, a nationally-recognized housing operator, will own and manage the Reynoldstown Senior Residencies. Financing for the project came from a variety of sources, including $5.5 million in financing from multifamily housing revenue bonds that the Invest Atlanta Board of Directors approved in 2014 under the leadership of Mayor Kasim Reed.\u003c/p\u003e\r\n\r\n\u003cp\u003eOther partners involved with the project include the Atlanta BeltLine, the City of Atlanta, U.S. Department of Housing and Urban Development, Atlanta City Councilmember Natalyn Archibong, the Georgia Department of Community Affairs, and the National Affordable Housing Trust.\u003c/p\u003e\r\n\r\n\u003cp\u003eHowever, few deserve more credit than Reynoldstown community activist Young Hughley, who originally began work on this project more than a decade ago. Through the non-profit he founded, Reynoldstown Revitalization Corporation, Hughley bought the property in 2002.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;What makes me happy and gives me joy is the end use, that\u0026rsquo;s my joy,\u0026rdquo; he said. \u0026ldquo;I want us to continue to do this difficult and hard work. I appreciate Mercy Housing and all the partners who helped to make it happen.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eProviding better housing options for our seniors is a key priority for Invest Atlanta.\u003c/p\u003e\r\n\r\n\u003cp\u003eSince 2010, Invest Atlanta has joined with our public and private partners to invest in 9 senior housing developments located across the City of Atlanta. Most recently, Invest Atlanta has worked on projects such as City Lights in the Old Fourth Ward, The Remington in Carey Park, and Abernathy Towers in the West End.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eAll these senior housing developments ensure more members of the City of Atlanta\u0026rsquo;s senior population, who represent the legacy of their respective communities, can age in place in a facility with the accessibility and amenities they need to thrive.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Eastside\n\u003c/span\u003e\n"},{"id":72,"title":"Board Takes Steps Forward on Westside Affordable Housing","promo_title":"Board Takes Steps Forward on Westside Affordable Housing","published_date":"2017-05-03","featured_image":{"id":282,"parent_id":33,"resource_file_name":"oasis_vine_city_rendering_400.png","resource_content_type":"image/png","resource_file_size":1102623,"resource_updated_at":"2017-12-21T13:07:14.392-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2017-12-21T13:07:14.563-05:00","updated_at":"2017-12-22T08:40:43.463-05:00","filename_hash":"oasis_vine_city_rendering_400_BxkNe82.png","width":825,"height":619},"filename":"board-takes-steps-forward-on-westside-affordable-housing","meta_data_id":null,"published":true,"token":"f_yU6g","created_at":"2017-12-21T13:07:58.754-05:00","updated_at":"2017-12-21T13:07:58.754-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n The Invest Atlanta Board of Directors signed off on two efforts to create more affordable housing options on the Westside.\n\u003c/div\u003e\n","project_year":"2017","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eAt their April meeting, the Invest Atlanta Board of Directors signed off on two efforts to create more affordable housing options on the Westside.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe 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 30 percent of income. And the 105-unit Oasis of Vine City complex will be reserved for seniors above the age of 62, who will pay no more than 60 percent AMI.\u003c/p\u003e\r\n\r\n\u003cp\u003eFor the Dalvigney Street properties, the board authorized staff to negotiate a ground lease with Quest Community Development Organization. Once terms are agreed to, Quest will convert the currently vacant facilities into 12 newly refurbished units, all with robust affordability requirements.\u003c/p\u003e\r\n\r\n\u003cp\u003eInvest Atlanta originally bought the Dalvigney Street property as part of the larger Westside land acquisition strategy.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;The purchase of this property was made with the intention of redeveloping this, along with our other multi-family assets, for affordable housing,\u0026rdquo; said Jennifer Fine, VP of Planning and Strategic Initiatives. \u0026ldquo;Having access to affordable rental housing is one of the top priorities identified by [Westside] residents.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eThe site is located on the same block as two other Invest Atlanta projects on the Westside:\u0026nbsp;\u003ca href=\"http://insight.investatlanta.com/2017/03/07/hagar-celebrates-renovation-of-nine-affordable-units/\"\u003eHagar House\u003c/a\u003eand the\u0026nbsp;\u003ca href=\"http://insight.investatlanta.com/2017/04/04/mattie-freeland-community-house-opening/\"\u003eMattie Freeland Community House\u003c/a\u003e. Quest has previously partnered with Invest Atlanta to finance the\u0026nbsp;\u003ca href=\"http://insight.investatlanta.com/2016/11/17/new-home-for-westside-works-opens-in-vine-city/\"\u003eQuest Community Complex\u003c/a\u003e, the new home of Westside Works.\u003c/p\u003e\r\n\r\n\u003cp\u003eWith Oasis of Vine City, the board approved a $10 million bond resolution to fund the construction of 105 units of senior housing, enabling these long-time residents to age in place in their communities. Additional funding for the project will come from a variety of sources, including Georgia\u0026rsquo;s Department of Community Affairs, the Vine City Trust Fund, and affordable housing tax credits.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe units will all be affordable and high quality, with amenities such as energy efficient appliances, pre-wired security, and a fitness center.\u003c/p\u003e\r\n\r\n\u003cp\u003eBoth Dalvigney and Oasis of Vine City support the goals of the Westside TAD Neighborhood Strategic Implementation Plan and the Community Retention Strategy currently being finalized by the Westside Future Fund.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Westside\n\u003c/span\u003e\n"},{"id":74,"title":"IA to Redevelop Westside Properties Into Affordable Workforce Housing","promo_title":"IA to Redevelop Westside Properties Into Affordable Workforce Housing","published_date":"2017-04-21","featured_image":{"id":284,"parent_id":33,"resource_file_name":"westside_400.jpg","resource_content_type":"image/jpeg","resource_file_size":997245,"resource_updated_at":"2017-12-21T13:12:22.689-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2017-12-21T13:12:23.047-05:00","updated_at":"2017-12-21T13:12:44.925-05:00","filename_hash":"westside_400_7J6b31p.jpg","width":4032,"height":3024},"filename":"ia-to-redevelop-westside-properties-into-affordable-workforce-housing","meta_data_id":null,"published":true,"token":"8nokDw","created_at":"2017-12-21T13:12:44.326-05:00","updated_at":"2017-12-21T13:12:44.326-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n Invest Atlanta is seeking to develop 24 abandoned land parcels in English Avenue and Vine City into affordable workforce housing.\n\u003c/div\u003e\n","project_year":"2017","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eInvest Atlanta recently announced the release of a Request for Proposals (RFP) seeking to develop 24 single-family properties in Atlanta\u0026rsquo;s English Avenue and Vine City neighborhoods, with the goal of turning these currently abandoned land parcels into affordable workforce housing units.\u003c/p\u003e\r\n\r\n\u003cp\u003eThis redevelopment of 24 Invest Atlanta-owned properties will add new housing for Westside residents and help to reduce blight, enhance security and catalyze future private investment in these communities. The acquisition of these vacant and blighted properties for development was completed as part of the Westside TAD Neighborhood Strategic Implementation Plan with the approval of the Invest Atlanta board of directors.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;We implemented a Westside land assembly strategy in 2014 to activate vacant and blighted land, putting these properties to use for the community as affordable workforce housing,\u0026rdquo; said Dr. Eloisa Klementich, president and CEO, Invest Atlanta. \u0026ldquo;This initiative is one part of our larger strategy to encourage equitable development that benefits residents in English Avenue, Vine City and other Westside neighborhoods.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eDevelopers can submit bids using a variety of unique and innovative housing types, whether through new construction or the renovation of existing homes. All responses must align with the vision articulated in the Land Use Action Plan, which recommends the preservation of homes with historical importance and the implementation of new housing design that is consistent with the existing historic homes.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;This effort will bring a variety of new affordable housing options to English Avenue and Vine City while also preserving the heritage of these historic neighborhoods,\u0026rdquo; said Dawn Luke, senior vice president of Community Development, Invest Atlanta.\u003c/p\u003e\r\n\r\n\u003cp\u003eAll units also must be developed for homeownership and be made available at prices affordable to households earning a maximum of 120 percent of the area median income for Atlanta\u0026rsquo;s metropolitan statistical area. A new unit also needs to be certified through the EarthCraft House residential green building program, demonstrating it is designed in an energy and resource efficient way.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Westside\n\u003c/span\u003e\n"},{"id":81,"title":"Mayor Kasim Reed Announces Closing of Sale of Underground Atlanta","promo_title":"Mayor Kasim Reed Announces Closing of Sale of Underground Atlanta","published_date":"2017-03-31","featured_image":{"id":291,"parent_id":33,"resource_file_name":"underground_rendering_400.jpg","resource_content_type":"image/jpeg","resource_file_size":57738,"resource_updated_at":"2017-12-21T13:40:54.393-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2017-12-21T13:40:54.542-05:00","updated_at":"2017-12-21T13:41:15.559-05:00","filename_hash":"underground_rendering_400_azn338W.jpg","width":425,"height":319},"filename":"mayor-kasim-reed-announces-closing-of-sale-of-underground-atlanta","meta_data_id":null,"published":true,"token":"lAPYvg","created_at":"2017-12-21T13:41:14.843-05:00","updated_at":"2017-12-21T13:41:14.843-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n Mayor Kasim Reed announced the closing of the sale of Underground Atlanta to WRS, Inc. for $34.6 million.\u0026nbsp;\n\u003c/div\u003e\n","project_year":"2017","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eMayor Kasim Reed announced on March 31, 2017 the closing of the sale of Underground Atlanta to WRS, Inc. for $34.6 million. WRS, Inc., a real estate investment company based in Charleston, South Carolina, will redevelop the 12-acre site into a live-work-shop community with retail, hospitality, entertainment and residential space. The sale will result in $8 million annual cost savings for the City.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;The sale of Underground Atlanta is another milestone in the revitalization of South Downtown Atlanta,\u0026rdquo; said Mayor Reed. \u0026ldquo;WRS, Inc. brings a high level of expertise and strong track record of successful developments to an area of our City in need of a fresh approach. Based on the City\u0026rsquo;s track record with Ponce City Market, the Lakewood Fairgrounds (now EUE Screen Gems) and Buckhead Atlanta, I am confident that we will succeed in transforming Underground Atlanta into a vibrant component of our City\u0026rsquo;s commercial business district.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eMayor Reed announced the sale of Underground Atlanta in 2014. Earlier this month, the Board of Directors of DDA approved WRS\u0026rsquo;s master development concept plan, which approval was necessary in order to close the sale of Underground Atlanta.\u003c/p\u003e\r\n\r\n\u003cp\u003eSince announcing the sale of Underground Atlanta to WRS, Inc. nearly two years ago, the City has facilitated and participated in numerous public conversations with stakeholders, residents and the developer. In their commitment to being an excellent partner for Atlanta and the surrounding downtown community, the firm has agreed to meet the requirements of the City\u0026rsquo;s affordable housing ordinance, regardless of whether it pursues development incentives. Any multi-family development at Underground Atlanta will include 10 or 15 percent units at 60 or 80 percent AMI \u0026ndash; a tremendous opportunity for working families to live in the new residential development.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;It\u0026rsquo;s been more than 30 years since we\u0026rsquo;ve seen any significant investment in this high-potential area of Downtown,\u0026rdquo; said Dr. Eloisa Klementich, President and CEO of Invest Atlanta. \u0026ldquo;As new development moves south from Buckhead and Midtown, Downtown is seeing a surge of new catalytic investments like Post Centennial, Castleberry Park, the redevelopment of Turner Field, and the Atlanta Streetcar. The sale of Underground will enable Downtown to continue its resurgence by bringing new business activity, more jobs, and additional housing to this unique and cherished part of our city.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eWRS, Inc. has also agreed to preserve a grid for public pedestrian and bicycle use on Alabama Street and Pryor Street; to share its written plan for community engagement to be conducted throughout the development process, which has been approved by the Atlanta Downtown Neighborhood Association, Inc. and the City; and to accept protective covenants which require the preservation of certain portions of Underground Atlanta that are historical in nature. WRS also agreed to accept the Downtown Development Authority\u0026rsquo;s (DDA) right to approve the master development concept plan for this project as well as any material modifications thereof, but only after public advertisement and opportunity for public review and comment of the modifications have been provided. These agreements will be memorialized in protective covenants and easements that run with the land and will bind WRS and future owners of Underground Atlanta. These agreements demonstrate WRS\u0026rsquo;s ongoing strong partnership with our city and with downtown stakeholders.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;Some years ago, the idea of redeveloping Underground Atlanta was evidently slightly unseen and more than a few folks were skeptical, including skepticism from our peers. Not surprisingly, popular sentiment has certainly changed in a favorable direction,\u0026rdquo; said Scott Smith, President and Chief Executive Officer of WRS, Inc. \u0026ldquo;We have always been and remain strong believers in the potential for great things in downtown Atlanta and Underground in particular. The redevelopment of Underground is a truly unique opportunity, something that cannot be found anywhere else in the Southeast. For us as developers, this represents an incredibly awesome opportunity and we know that it also represents an equally awesome responsibility. We take both very seriously. Somewhat distinct from other projects in Atlanta, Underground Atlanta holds a special place in the memories of many people. We intend to undertake this redevelopment with great care, communicate closely with the neighboring constituents and most importantly we intend to create a new community that makes everyone very proud of this corner of the rapidly changing downtown Atlanta landscape.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eThe DDA was created in 1982 by state law to revitalize and redevelop Atlanta\u0026rsquo;s central business district. The City and DDA have jointly owned Underground Atlanta since August 1986. In April 2014, the City purchased a long-term sublease to make the property available for revitalization and redevelopment.\u003c/p\u003e\r\n\r\n\u003cp\u003eWRS, Inc. has a significant track record in retail development. WRS, Inc. has developed over thirty anchored shopping centers covering seven million square feet of retail space and has also aided in the development of more than 100 additional retail projects encompassing more than ten million square feet of retail space. Notable development projects in the WRS, Inc. portfolio include the Horizon District in South Carolina, an urban research district that will contain over 2.5 million square feet of mixed-used space with street-level retail, restaurant and office space, and workforce housing. The company has also developed a number of retail anchored projects for nationally known corporations including Belk, Staples, Kohl\u0026rsquo;s, and Dick\u0026rsquo;s Sporting Goods.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;It\u0026rsquo;s exciting to see a new chapter in Underground Atlanta\u0026rsquo;s history begin,\u0026rdquo; said A.J. Robinson, President of Central Atlanta Progress. \u0026ldquo;We support the WRS vision and capability to bring the density of mixed uses to the 12 acres of downtown Atlanta that has so much potential. Bravo to the city and WRS for reaching an agreement.\u0026rdquo;\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Downtown\n\u003c/span\u003e\n"},{"id":86,"title":"Work Begins on Phoenix House Affordable Housing Complex","promo_title":"Work Begins on Phoenix House Affordable Housing Complex","published_date":"2017-03-08","featured_image":{"id":296,"parent_id":33,"resource_file_name":"work-begins-on-phoenix-house-affordable-housing-featured.jpg","resource_content_type":"image/jpeg","resource_file_size":45146,"resource_updated_at":"2017-12-21T13:55:27.108-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2017-12-21T13:55:27.243-05:00","updated_at":"2017-12-21T13:55:45.251-05:00","filename_hash":"work-begins-on-phoenix-house-affordable-housing-featured_p5VDm2p.jpg","width":710,"height":532},"filename":"work-begins-on-phoenix-house-affordable-housing-complex","meta_data_id":null,"published":true,"token":"XyvzDw","created_at":"2017-12-21T13:55:44.752-05:00","updated_at":"2017-12-21T13:55:44.752-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n Phoenix House broke ground on the site of their 69-unit affordable housing complex reserved for the homeless and mentally disabled.\n\u003c/div\u003e\n","project_year":"2017","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eThe 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.\u003c/p\u003e\r\n\r\n\u003cp\u003eLeading the project are Invest Atlanta, The National Housing Trust Enterprise Preservation Corporation (NHT-Enterprise)\u0026mdash;a Washington, D.C. non-profit affordable housing owner and developer\u0026mdash;Tapestry Development Group, and 3Keys, Inc.\u003c/p\u003e\r\n\r\n\u003cp\u003eInvest Atlanta awarded a $500,000 Housing Opportunity Bond-CHDO loan in support of this project, which is another example of the investments being made in Atlanta\u0026rsquo;s Westside communities.\u003c/p\u003e\r\n\r\n\u003cp\u003eCouncilmember Joyce Sheperd (District 12) and project partners were there to celebrate the launch of this $10.2 million redevelopment.\u003c/p\u003e\r\n\r\n\u003cp\u003eThree existing buildings on the Phoenix House property which will be rebuilt to feature 69 efficiency units, and two houses will be rehabilitated for continued use as tenant common space and property staff offices. Once complete, the Phoenix House will offer many great amenities to its residents, including a computer center, job training, supportive services for the special needs population, and access to mass transit at the nearby Oakland City MARTA Station.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Southside\n\u003c/span\u003e\n"},{"id":87,"title":"Hagar Celebrates Renovation of Nine Affordable Units","promo_title":"Hagar Celebrates Renovation of Nine Affordable Units","published_date":"2017-03-07","featured_image":{"id":297,"parent_id":33,"resource_file_name":"hagar-celebrates-renovation-of-nine-affordable-units-featured.jpg","resource_content_type":"image/jpeg","resource_file_size":139083,"resource_updated_at":"2017-12-21T13:58:48.114-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2017-12-21T13:58:48.266-05:00","updated_at":"2017-12-21T13:59:02.188-05:00","filename_hash":"hagar-celebrates-renovation-of-nine-affordable-units-featured_E6x2K6q.jpg","width":1200,"height":900},"filename":"hagar-celebrates-renovation-of-nine-affordable-units","meta_data_id":null,"published":true,"token":"s_ZERA","created_at":"2017-12-21T13:59:01.703-05:00","updated_at":"2017-12-21T13:59:01.703-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n With a cut of a blue ribbon, nine retained and renovated affordable units opened in the English Avenue neighborhood.\n\u003c/div\u003e\n","project_year":"2017","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eWith 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.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;I love turning concept into concrete,\u0026rdquo; said Akilah Ali of Hagar Civilization Missionary, an all-volunteer organization that spearheaded the effort. \u0026ldquo;We\u0026rsquo;re working to keep our residents living in Vine City and English Avenue.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eThe Hagar Housing Development now has 9 upgraded affordable units for seniors, along with a community space. Other renovations included renovations to the plumbing, HVAC, fixtures, and flooring. All nine units now have modern kitchens, new cabinetry, countertops, appliances, and lighting.\u003c/p\u003e\r\n\r\n\u003cp\u003eInvest Atlanta provided the project a $500,000 award through the Westside TAD Community Improvement Fund. The total project cost was $2,980,000.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;This is just the beginning and the first of many projects like this on the Westside,\u0026rdquo; said Invest Atlanta President and CEO Dr. Eloisa Klementich. Dr. Klementich pointed out these nine apartments are part of the 120 affordable units on the Westside currently in the Invest Atlanta project pipeline.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;We want to make a difference and be a partner in any way we can,\u0026rdquo; she added.\u003c/p\u003e\r\n\r\n\u003cp\u003eAlong with Hagar Civilization Missionary and Invest Atlanta, other partners participating in the ribbon cutting were Councilmember Ivory Lee Young (District 3), Makeda Johnson of the Sisters Action Team, and the Sustainable Design Collaborative of Atlanta. SDCA members volunteered their services to ensure some of the elements of the apartment building were sustainable. Two of the residents, both named George, were also on hand.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;I believe in the dream and the possibilities,\u0026rdquo; said Johnson. \u0026ldquo;I want to be sure the assets within our community are fed so they can grow. What you\u0026rsquo;re looking at today is love, passion, and determination.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eCouncilmember Young and others also recognized the contribution of Sister Precious Muhammad, a Westside resident who Young described as a \u0026ldquo;giant\u0026rdquo; of the community.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;People driving by this place said, \u0026lsquo;We can do better\u0026rsquo;; Sister Precious said, \u0026lsquo;We\u0026nbsp;will\u0026nbsp;do better,\u0026rsquo;\u0026rdquo; said Young.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Westside\n\u003c/span\u003e\n"},{"id":88,"title":"Castleberry Park Breaks Ground on Westside","promo_title":"Castleberry Park Breaks Ground on Westside","published_date":"2017-03-06","featured_image":{"id":302,"parent_id":33,"resource_file_name":"castleberry_400.jpg","resource_content_type":"image/jpeg","resource_file_size":694760,"resource_updated_at":"2017-12-21T14:07:39.237-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2017-12-21T14:07:39.630-05:00","updated_at":"2017-12-21T14:08:22.471-05:00","filename_hash":"castleberry_400_zmlZvr8.jpg","width":4106,"height":3080},"filename":"castleberry-park-breaks-ground-on-westside","meta_data_id":null,"published":true,"token":"j_W7Jw","created_at":"2017-12-21T14:08:21.482-05:00","updated_at":"2017-12-21T14:08:21.482-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n Mayor Kasim Reed, Dr. Eloisa Klementich, and others broke ground on Castleberry Park, a $90M mixed-use development in Castleberry Hill.\n\u003c/div\u003e\n","project_year":"2017","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eMayor Kasim Reed and Invest Atlanta President and CEO Dr. Eloisa Klementich were among those who celebrated the official groundbreaking for Castleberry Park, a new $90 million mixed-use development in the Castleberry Hill neighborhood on Atlanta\u0026rsquo;s Westside.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;Castleberry Park is yet another example of how our Administration is keeping our promise of promoting revitalization and equitable development in Atlanta\u0026rsquo;s Westside neighborhoods,\u0026rdquo; said Mayor Reed. \u0026ldquo;Castleberry Hill has already established itself as one of Atlanta\u0026rsquo;s most vibrant arts communities, and welcoming a new complex with a Hard Rock brand hotel is a perfect addition to the neighborhood. The new development is steps away from the Mercedes-Benz Stadium, and will serve as an economic catalyst for the area.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eOthers in attendance for the Feb. 28 event included: Bolton Atlanta, LP general manager Yanfeng \u0026ldquo;Frank\u0026rdquo; Chen, Gallman Development Group, LLC CEO Bruce Gallman, Central Atlanta Progress President A.J. Robinson, Atlanta City Councilmembers Ivory Young, Kwanza Hall and Cleta Winslow, Horwath HTL Managing Director Paul Breslin, and Castleberry Hill Neighborhood Association President Carrie Sagel Burns.\u003c/p\u003e\r\n\r\n\u003cp\u003eOnce complete, Castleberry Park will include a 200-room Hard Rock brand hotel, ground-level retail, a public park, and approximately 130 apartments. The Invest Atlanta board has approved a grant of $4.2 million from the Westside Tax Allocation District (TAD) to assist with the project, which will help ensure that 20 percent of the new apartments in the development are affordable units. The property is slated to be completed in 2019.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;Invest Atlanta continues to focus on delivering strategic investments in projects throughout the Westside TAD, and we are proud to work with Bolton Atlanta, LP and Gallman Development Group to bring Castleberry Park to fruition,\u0026rdquo; said Dr. Eloisa Klementich, President and CEO of Invest Atlanta. \u0026ldquo;Thanks to our partnership, this new complex will offer more affordable housing options for working families within the City of Atlanta.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eMayor Reed and Invest Atlanta continue to bring in new public and private resources to support economic and civic development in the Westside, particularly along the Martin Luther King Jr. Drive corridor. Last year, the City of Atlanta pledged more than $30 million in new infrastructure, greenspace expansion and to fund MLK Dr. streetscape improvements, which will transform the iconic road into a connected corridor with a Complete Streets approach.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Westside\n\u003c/span\u003e\n"},{"id":101,"title":"Westside Residents Learn Latest on Community Projects","promo_title":"Westside Residents Learn Latest on Community Projects","published_date":"2017-02-07","featured_image":{"id":326,"parent_id":33,"resource_file_name":"westside-residents-learn-latest-on-community-projects-featured.jpg","resource_content_type":"image/jpeg","resource_file_size":159755,"resource_updated_at":"2017-12-21T14:32:32.355-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2017-12-21T14:32:32.515-05:00","updated_at":"2017-12-21T14:32:48.687-05:00","filename_hash":"westside-residents-learn-latest-on-community-projects-featured_DNxymDB.jpg","width":1000,"height":750},"filename":"westside-residents-learn-latest-on-community-projects","meta_data_id":null,"published":true,"token":"3yDFdQ","created_at":"2017-12-21T14:32:48.069-05:00","updated_at":"2017-12-21T14:32:48.069-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n Invest Atlanta provided more than 100 Westside residents updates on Community Improvement Fund (CIF) projects happening in their communities.\n\u003c/div\u003e\n","project_year":"2017","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eOn January 25, Invest Atlanta provided more than 100 Westside residents the latest updates on all the Community Improvement Fund (CIF) projects happening in their communities. Invest Atlanta staff, including Vice President of Planning \u0026amp; Strategic Initiatives Jennifer Fine, presented at the Westside Community Benefits Plan Committee meeting.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe committee meets periodically to update communities around the new Mercedes-Benz Stadium on the implementation of the Westside Community Benefits plan. Members include Councilmembers Kwanza Hall (D-2), Ivory Young (D-3), Cleta Winslow (D-4), Michael Bond (Post-1), and Ceasar Mitchell (Council President). Community stakeholders also participate, as do representatives from the Mayor\u0026rsquo;s office, key city departments and agencies, Invest Atlanta and the Arthur M. Blank Family Foundation.\u003c/p\u003e\r\n\r\n\u003cp\u003eInvest Atlanta has committed $15 million to the CIF and leverages these funds in coordination with public and private partners to address critical areas of need in the English Avenue, Vine City, and Castleberry Hill neighborhoods. The fund focuses on these six key areas:\u003c/p\u003e\r\n\r\n\u003cul\u003e\r\n\t\u003cli\u003eHousing: Increasing access to homeownership opportunities and affordable rental housing through property redevelopment and rehabilitation.\u003c/li\u003e\r\n\t\u003cli\u003eEmployment: Increasing access to permanent fulltime jobs through training and job placement.\u003c/li\u003e\r\n\t\u003cli\u003eBusiness: Strengthening neighborhood businesses and creating more economic activity.\u003c/li\u003e\r\n\t\u003cli\u003eNeighborhood: Improving streets, parks, and blighted properties to make neighborhoods safer and more attractive.\u003c/li\u003e\r\n\t\u003cli\u003eSecurity: Improving neighborhood safety and deterring crime.\u003c/li\u003e\r\n\t\u003cli\u003eCommunity: Supporting service providers and promoting community life.\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\r\n\u003cp\u003eEarlier in January, Invest Atlanta staff also convened the Westside TAD Neighborhood Advisory Board, a body comprised of representatives from neighborhood and civic associations in English Avenue and Vine City. The board\u0026rsquo;s role is to make recommendations to Invest Atlanta on projects that could receive TAD funding. The homeownership team also hosted a workshop on January 27 with Westside Works graduates to help prepare them for the home buying process. The workshop covered how to secure a mortgage loan, as well as Invest Atlanta\u0026rsquo;s first-time homebuyer incentives.\u003c/p\u003e\r\n\r\n\u003cp\u003eAt a future community meeting, Invest Atlanta plans to discuss strategies to retain residents through diverse housing models.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Westside\n\u003c/span\u003e\n"},{"id":114,"title":"Top-Quality Affordable Senior Housing Opens in Old Fourth Ward","promo_title":"Top-Quality Affordable Senior Housing Opens in Old Fourth Ward","published_date":"2017-01-05","featured_image":{"id":346,"parent_id":33,"resource_file_name":"top-quality-affordable-senior-housing-opens-in-old-fourth-ward-featured.jpg","resource_content_type":"image/jpeg","resource_file_size":64304,"resource_updated_at":"2017-12-21T14:54:45.597-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2017-12-21T14:54:45.793-05:00","updated_at":"2017-12-21T14:56:12.539-05:00","filename_hash":"top-quality-affordable-senior-housing-opens-in-old-fourth-ward-featured_MYq4BBB.jpg","width":1200,"height":900},"filename":"top-quality-affordable-senior-housing-opens-in-old-fourth-ward","meta_data_id":null,"published":true,"token":"1G3yzg","created_at":"2017-12-21T14:55:12.241-05:00","updated_at":"2017-12-21T14:56:11.883-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n The first phase of City Lights, an affordable housing community reserved for seniors, celebrated its grand opening on December 15.\n\u003c/div\u003e\n","project_year":"2017","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eThe first phase of City Lights, a new affordable housing community reserved for seniors, celebrated its grand opening on December 15. The 80-unit complex is located on Boulevard in the City of Atlanta\u0026rsquo;s Old Fourth Ward neighborhood. Senior residents were joined at the grand opening celebration Invest Atlanta President and CEO Dr. Eloisa Klementich, First Lady of Atlanta Sarah-Elizabeth Reed, Councilmember Kwanza Hall, Commissioner Camila Knowles from the Georgia Department of Community Affairs, and many others.\u003c/p\u003e\r\n\r\n\u003cp\u003eInvest Atlanta played a key role in bringing the City Lights project to fruition, issuing $7.5 million in tax- tax-exempt bonds and providing $600,000 in HOME funds to finance the development. Other partners included the City of Atlanta, the Community Affordable Housing Equity Corp., Sugar Creek Capital, Georgia Department of Community Affairs, and the U.S. Department of Housing and Urban Development (HUD). Wingate Companies and Columbia Residential worked jointly on the project, which offers high-quality 1 bedroom apartments to residents over the age of 62 with income at or below 60% of the area\u0026rsquo;s median income.\u003c/p\u003e\r\n\r\n\u003cp\u003eCity Lights is not only affordable, it\u0026rsquo;s also of the highest quality. In fact, the National Association of Home Builders gave City Lights its \u0026ldquo;Gold Achievement Award\u0026rdquo; for Best 55+ Affordable Rental Community in the U.S. All of the five-story complex\u0026rsquo;s 80 units were leased within 3 days of becoming available. With access to amenities such as a sundeck, fitness center, and covered parking, the low-income senior residents will be able to live independently right in the heart of the city.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe support Mayor Reed and Invest Atlanta provided to the City Lights project is part of a larger effort in Atlanta to create high-quality, mixed-income housing in neighborhoods throughout Atlanta. Since 2010, Invest Atlanta has approved nine senior housing developments. Projects funded or opening in 2016 include City Lights, as well as the 70-unit Reynoldstown Seniors Development along the Atlanta BeltLine and The Remington, a 160-unit complex that replaced several blighted properties.\u003c/p\u003e\r\n\r\n\u003cp\u003eWingate announced the beginning of construction on the project\u0026rsquo;s Phase II, a 96-unit multi-family affordable housing community called Station 464. Construction could start on the project this year.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Old Fourth Ward\n\u003c/span\u003e\n"},{"id":130,"title":"Atlanta Land Trust Collaborative Nominates IA’s Dawn Luke to Board","promo_title":"Atlanta Land Trust Collaborative Nominates IA’s Dawn Luke to Board","published_date":"2016-11-16","featured_image":{"id":363,"parent_id":33,"resource_file_name":"atlanta-land-trust-collaborative-nominates-ias-dawn-luke-to-board-featured.jpg","resource_content_type":"image/jpeg","resource_file_size":84892,"resource_updated_at":"2017-12-21T15:37:36.162-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2017-12-21T15:37:36.317-05:00","updated_at":"2017-12-21T15:37:54.260-05:00","filename_hash":"atlanta-land-trust-collaborative-nominates-ias-dawn-luke-to-board-featured_4X3JZ7P.jpg","width":405,"height":304},"filename":"atlanta-land-trust-collaborative-nominates-ias-dawn-luke-to-board","meta_data_id":null,"published":true,"token":"PfvDNg","created_at":"2017-12-21T15:37:53.644-05:00","updated_at":"2017-12-21T15:37:53.644-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n Dawn Luke has been appointed to the Board of Directors for the Atlanta Land Trust Collaborative (ALTC).\n\u003c/div\u003e\n","project_year":"2016","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eDawn Luke, Senior Vice President of Community Development for Invest Atlanta, has been appointed to the Board of Directors for the Atlanta Land Trust Collaborative (ALTC).\u003c/p\u003e\r\n\r\n\u003cp\u003eA coalition of public, private, and community partners, the ALTC supports the creation of permanently affordable housing around the Atlanta BeltLine and throughout the City of Atlanta. The ALTC began in 2009 and functions as a \u0026ldquo;central server\u0026rdquo; organization supporting independent non-profit CLCs as they develop and operate permanently affordable housing initiatives. The organization is led by the Atlanta BeltLine Partnership, Georgia Advancing Communities Together (Georgia ACT), and the Annie E. Casey Foundation Atlanta Civic Site.\u003c/p\u003e\r\n\r\n\u003cp\u003eLuke\u0026rsquo;s knowledge and experience as a leader in housing development, finance, and policy will be critical as she advises the ALTC on how to implement new neighborhood-based, resident-controlled community land trusts in Atlanta. She will also ensure the ALTC continues to implement national best practices of community land trusts and remains an effective steward of public, private, and philanthropic funds.\u003c/p\u003e\r\n\r\n\u003cp\u003eTogether, Luke and her fellow board members will help the ALTC make Atlanta a city of mixed-income neighborhoods for generations to come.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n \n\u003c/span\u003e\n"},{"id":132,"title":"Invest Atlanta Heavily Promotes Homeownership Incentives in October","promo_title":"Invest Atlanta Heavily Promotes Homeownership Incentives in October","published_date":"2016-11-15","featured_image":{"id":365,"parent_id":33,"resource_file_name":"invest-atlanta-heavily-promotes-homeownership-incentives-in-october-featured.jpg","resource_content_type":"image/jpeg","resource_file_size":34675,"resource_updated_at":"2017-12-21T15:42:14.641-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2017-12-21T15:42:14.781-05:00","updated_at":"2017-12-21T15:42:40.985-05:00","filename_hash":"invest-atlanta-heavily-promotes-homeownership-incentives-in-october-featured_BxkNyOL.jpg","width":400,"height":300},"filename":"invest-atlanta-heavily-promotes-homeownership-incentives-in-october","meta_data_id":null,"published":true,"token":"P4GuZw","created_at":"2017-12-21T15:42:40.408-05:00","updated_at":"2017-12-21T15:42:40.408-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n Invest Atlanta\u0026rsquo;s Homeownership group briefs attendees of Atlanta community events about available Down Payment Assistance incentives for home ownership.\n\u003c/div\u003e\n","project_year":"2016","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eInvest Atlanta\u0026rsquo;s Homeownership group was busy throughout the month of October briefing attendees of four Atlanta community events about available Down Payment Assistance incentives for home ownership and renovation.\u003c/p\u003e\r\n\r\n\u003cp\u003eOn October 8 at the Lifecycle Building Center (LBC), more than 60 prospective homebuyers attended the HOUSE RULES Home Renovation Education Workshop to learn about the 203K renovation loan that is offered through Invest Atlanta\u0026rsquo;s lending partner, NFM Lending. The loan instrument allows a borrower to finance both the purchase and renovation of a property. It\u0026rsquo;s an extension of Invest Atlanta\u0026rsquo;s ATL Home Renovation Advantage Incentive Program, which provides an affordable way for people to purchase a property and transform it into their dream home. LBC taught attendees about the most effective ways to repurpose home building materials, and opened up its large warehouse for people to shop for items to use in their renovations projects. In addition, Van Hardimon of Hardimon Construction spoke about the renovation process and how it aligns with Invest Atlanta\u0026rsquo;s incentives.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe following Saturday, the Invest Atlanta team presented to a multicultural audience of more than 250 people at the second annual Atlanta Soccer Festival. The event was hosted by the City of Atlanta\u0026rsquo;s Office of Immigrant Affairs and local non-profit Soccer in the Streets. Besides learning soccer skills and participating in friendly pick-up games, festival attendees had the opportunity to visit Invest Atlanta\u0026rsquo;s information booth to learn about IA\u0026rsquo;s homeownership incentives. The Atlanta BeltLine and Atlanta United FC, the city\u0026rsquo;s new professional soccer team, also participated in the event.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe Homeownership Group then took their message to more than 150 people on Saturday, October 22 at HOPE Inside Atlanta, Operation HOPE\u0026rsquo;s monthly workshop on homeownership, money management, budget, and credit-score improvement. Homebuyers learned about the home buying process as well as IA incentives. Attendees at the event, held at Ebenezer Baptist Church, were particularly interested in opportunities to obtain affordable housing along the BeltLine.\u003c/p\u003e\r\n\r\n\u003cp\u003eAnd to close out a very busy month, the Homeownership group set up shop at Atlanta Streets Alive along a temporarily closed a 2.7-mile stretch of Peachtree Street. There they showcased Invest Atlanta\u0026rsquo;s homeownership programs and incentives to thousands of passing pedestrians and cyclists who filled the street that day.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Homebuying/ Homeownership\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n \n\u003c/span\u003e\n"},{"id":141,"title":"IA Closes on Loan to Finance Affordable Senior Multi-Family Housing","promo_title":"IA Closes on Loan to Finance Affordable Senior Multi-Family Housing","published_date":"2016-10-19","featured_image":{"id":373,"parent_id":34,"resource_file_name":"ia-closes-on-loan-to-finance-affordable-multi-family-housing-for-seniors-featured.jpg","resource_content_type":"image/jpeg","resource_file_size":72958,"resource_updated_at":"2017-12-21T15:59:09.729-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2017-12-21T15:59:09.868-05:00","updated_at":"2017-12-21T16:00:02.098-05:00","filename_hash":"ia-closes-on-loan-to-finance-affordable-multi-family-housing-for-seniors-featured_r6PaxVB.jpg","width":400,"height":300},"filename":"ia-closes-on-loan-to-finance-affordable-senior-multi-family-housing","meta_data_id":null,"published":true,"token":"7lojQw","created_at":"2017-12-21T16:00:01.503-05:00","updated_at":"2017-12-21T16:00:01.503-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n Invest Atlanta is helping to finance Gateway Capital View, a 160-unit affordable housing community for seniors within the BeltLine TAD.\n\u003c/div\u003e\n","project_year":"2016","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eInvest Atlanta has closed a $14.5-million tax-exempt loan to finance Gateway Capital View, a much-needed, 160-unit affordable housing community for senior citizens near the Oakland City MARTA station and within the BeltLine Tax Allocation District. It\u0026rsquo;s the first Freddie Mac tax-exempt loan transaction that Invest Atlanta has concluded.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;This project will add more affordable housing to the BeltLine and provides another transit-oriented development in the city near a MARTA station,\u0026rdquo; said Alan Ferguson, vice president and deputy director of community development for Invest Atlanta.\u003c/p\u003e\r\n\r\n\u003cp\u003eSince all of the units at Gateway Capital View will include Project Based Rental Assistance from the Atlanta Housing Authority, none of the residents will pay more than 30 percent of their income for housing costs. Construction of the project should begin this fall with the first units becoming available in 12-14 months.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe transaction, which Invest Atlanta closed in fewer than 150 days, is IA\u0026rsquo;s first with Prestwick Development, a well-established developer that operates in the Southeast. IA expects to engage in more closings with Prestwick in the coming months in areas that include Memorial Drive in East Atlanta.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Southside\n\u003c/span\u003e\n"},{"id":30,"title":"Ernestine Garey Honored By NALHFA and Freddie Mac","promo_title":"Ernestine Garey Honored By NALHFA and Freddie Mac","published_date":"2016-08-03","featured_image":{"id":237,"parent_id":34,"resource_file_name":"nalhfa-freddie-mac-honor-ernestine-garey-with-awards-featured.jpg","resource_content_type":"image/jpeg","resource_file_size":63431,"resource_updated_at":"2017-12-20T15:48:01.806-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2017-12-20T15:48:01.950-05:00","updated_at":"2017-12-20T15:50:26.975-05:00","filename_hash":"nalhfa-freddie-mac-honor-ernestine-garey-with-awards-featured_W1aeJJy.jpg","width":400,"height":300},"filename":"ernestine-garey-honored-by-nalhfa-and-freddie-mac","meta_data_id":null,"published":true,"token":"wkPwlg","created_at":"2017-12-20T15:49:05.977-05:00","updated_at":"2017-12-20T15:50:26.419-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n Invest Atlanta COO Ernestine Garey was honored for her long record of service in support of affordable housing development.\n\u003c/div\u003e\n","project_year":"2016","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eInvest Atlanta Chief Operating Officer Ernestine Garey has received awards from the National Association of Local Housing Finance Agencies (NALHFA) and the Federal Home Loan Mortgage Corporation, or Freddie Mac, to honor her long record of service in support of the development and expansion of affordable housing opportunities.\u003c/p\u003e\r\n\r\n\u003cp\u003eGarey recently ended an 18-year tenure as a member of the Board of Directors \u0026ndash; and two years apiece as President and President Emeritus \u0026ndash; of NALHFA, the nation\u0026rsquo;s leading affordable housing advocate whose members work to finance affordable housing on the local level. She was succeeded on the Board by Dawn Luke, Senior Vice President of Community Development at Invest Atlanta.\u003c/p\u003e\r\n\r\n\u003cp\u003eNALHFA gives its members \u0026ndash; primarily housing finance agencies in large cities \u0026ndash; the opportunity to learn about and share best practices and innovative approaches at NALHFA conferences and then bring them back to their home communities. \u0026ldquo;I can\u0026rsquo;t tell you how many new programs we have implemented here at Invest Atlanta because we learned about them through our association with NALHFA,\u0026rdquo; says Garey.\u003c/p\u003e\r\n\r\n\u003cp\u003eFreddie Mac, which helps ensure a reliable and affordable supply of mortgage funds for homebuyers and multi-family rental housing investors, recognized the work Garey has done in partnership with that agency in areas such as bond underwriting and down payment assistance. Freddie Mac\u0026rsquo;s citation for Garey noted its \u0026ldquo;appreciation of your many years of distinguished service to the affordable lending community and Freddie Mac.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eAs COO at Invest Atlanta since 2011, Garey manages the operations of the Finance and Legal departments, as well as general office operations. Finance tasks include raising and ensuring the receipt of revenues from funding sources and balancing the budget, while Legal encompasses all legal matters as well as the Compliance functions to ensure that all projects are built, and affordability is maintained.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n \n\u003c/span\u003e\n"},{"id":44,"title":"Tax-Exempt Bond Financing Will Fund Seniors Housing Project","promo_title":"Tax-Exempt Bond Financing Will Fund Seniors Housing Project","published_date":"2016-07-21","featured_image":{"id":252,"parent_id":34,"resource_file_name":"tax-exempt-bond-financing-will-fund-seniors-housing-project-featured.jpg","resource_content_type":"image/jpeg","resource_file_size":73864,"resource_updated_at":"2017-12-21T10:17:00.340-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2017-12-21T10:17:00.509-05:00","updated_at":"2017-12-21T10:18:08.902-05:00","filename_hash":"tax-exempt-bond-financing-will-fund-seniors-housing-project-featured_1OmY7bQ.jpg","width":400,"height":300},"filename":"tax-exempt-bond-financing-will-fund-seniors-housing-project","meta_data_id":null,"published":true,"token":"Irf8MQ","created_at":"2017-12-21T10:18:08.408-05:00","updated_at":"2017-12-21T10:18:08.408-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n Invest Atlanta has issued $10.25 million in tax exempt bond financing to fund construction of The Remington.\n\u003c/div\u003e\n","project_year":"2016","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eInvest Atlanta has issued $10.25 million in tax exempt bond financing to fund construction of 160 units of new seniors housing at The Remington, on James Jackson Parkway, NW. Seniors who are 62 years of age and older and earn 60 percent or less of the area median income will be eligible to live in the new apartments.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe property, to be developed by The Benoit Group, will have a community room with a fully equipped kitchen, fitness center, business center with computer stations, furnished library, gazebo, picnic area, central laundry facility and access to public transportation.\u003c/p\u003e\r\n\r\n\u003cp\u003eThanks to project-based rental assistance provided by the Atlanta Housing Authority, all residents will pay no more than 30 percent of their income for housing expenses. Moreover, tax incentives coming from the Hollowell/MLK Tax Allocation District will add another $1.4 million in support over a 15-year period.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe $23 million total project investment will create about 80 construction jobs and at least five permanent jobs.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Northwest\n\u003c/span\u003e\n"},{"id":51,"title":"Loan to Finance Rehabilitation of Apartments For Senior and Disabled Citizens","promo_title":"Loan Finances Rehabilitation of Apartments For Senior and Disabled Citizens","published_date":"2016-06-16","featured_image":{"id":260,"parent_id":34,"resource_file_name":"loan-to-finance-rehabilitation-of-apartments-for-senior-and-disabled-citizens-featured.jpg","resource_content_type":"image/jpeg","resource_file_size":56030,"resource_updated_at":"2017-12-21T10:41:50.357-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2017-12-21T10:41:50.492-05:00","updated_at":"2017-12-21T10:42:59.763-05:00","filename_hash":"loan-to-finance-rehabilitation-of-apartments-for-senior-and-disabled-citizens-featured_azn3EwX.jpg","width":400,"height":300},"filename":"loan-to-finance-rehabilitation-of-apartments-for-senior-and-disabled-citizens","meta_data_id":null,"published":true,"token":"LcZq8w","created_at":"2017-12-21T10:42:59.196-05:00","updated_at":"2017-12-21T10:42:59.196-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n Invest Atlanta closed on a $9.5-million tax-exempt loan to renovate the Ralph David Abernathy Towers Apartments in the West End.\n\u003c/div\u003e\n","project_year":"2016","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eInvest Atlanta has closed on a $9.5-million tax-exempt loan to acquire and renovate the 100-unit Ralph David Abernathy Towers Apartments in the Historic West End.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe property, which houses people who are 62 years of age and older as well as physically disabled persons, will receive new energy-efficient appliances, kitchen cabinets, fixtures, countertops and flooring. Other building refurbishments will include new high-performance energy-efficient sliding windows and doors, upgraded elevators, roof and boiler replacements, and energy cost-saving solar panels.\u003c/p\u003e\r\n\r\n\u003cp\u003eRenovated community rooms also will be part of the renewal project, along with a new courtyard picnic area, indoor/outdoor exercise and activity spaces, and new community gardens. An onsite resident activities coordinator also will be coming on board to help residents make maximum use of the facilities.\u003c/p\u003e\r\n\r\n\u003cp\u003eDecember 2017 is the project completion date for the renovations.\u003c/p\u003e\r\n\r\n\u003cp\u003eMore good news for the residents of Abernathy Towers comes from the U.S. Department of Housing and Urban Development (HUD); everyone living at Abernathy Towers will continue to pay no more than 30 percent of their income for rent and utilities because HUD has extended the property\u0026rsquo;s housing-assisted payments contract.\u003c/p\u003e\r\n\r\n\u003cp\u003eApplying this type of lending instrument to improve affordable housing is nothing new to Invest Atlanta, since it was the first finance authority in Georgia to use tax-exempt loans.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Westside\n\u003c/span\u003e\n"},{"id":93,"title":"NALHFA Elects Dawn Luke to Its Board of Directors","promo_title":"NALHFA Elects Dawn Luke to Its Board of Directors","published_date":"2016-05-19","featured_image":{"id":311,"parent_id":34,"resource_file_name":"nalhfa-elects-dawn-luke-to-its-board-of-directors-featured.jpg","resource_content_type":"image/jpeg","resource_file_size":50802,"resource_updated_at":"2017-12-21T14:19:12.943-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2017-12-21T14:19:13.075-05:00","updated_at":"2017-12-21T14:19:51.458-05:00","filename_hash":"nalhfa-elects-dawn-luke-to-its-board-of-directors-featured_QgDnBbl.jpg","width":400,"height":300},"filename":"nalhfa-elects-dawn-luke-to-its-board-of-directors","meta_data_id":null,"published":true,"token":"Lqxk8g","created_at":"2017-12-21T14:19:51.008-05:00","updated_at":"2017-12-21T14:19:51.008-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n The National Association of Local Housing Finance Agencies (NALHFA) is a national association of professionals financing affordable housing.\n\u003c/div\u003e\n","project_year":"2016","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eDawn Luke, Senior Vice President of Community Development at Invest Atlanta, has been elected by the National Association of Local Housing Finance Agencies (NALHFA) to its Board of Directors.\u003c/p\u003e\r\n\r\n\u003cp\u003eNALHFA, a 34-year-old national association of professionals who help finance affordable housing at the local level in support of broader community development goals, tabbed Luke for its board at NALHFA\u0026rsquo;s 2016 annual conference in Dallas. The organization advocates before Congress and federal agencies on behalf of legislation and regulations that support affordable housing and provides technical assistance and education to NALHFA members and the public.\u003c/p\u003e\r\n\r\n\u003cp\u003eIn her role at Invest Atlanta, Luke is the point person for implementing critical housing finance programs that create and preserve workforce housing units and permanent supportive housing for working homeless persons in Atlanta. Previously, Luke had been Invest Atlanta\u0026rsquo;s Managing Director for Community Development. During her almost-20-year tenure at Invest Atlanta, Luke has overseen a multi-family and single-family housing portfolio of about $1.3 billion. She also serves on the Board of Directors of the Georgia Sustainable Committee Alliance and is an active member of the Urban Land Institute.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n \n\u003c/span\u003e\n"},{"id":90,"title":"Councilman Dickens Cites Invest Atlanta For Help on Affordable Housing Ordinance","promo_title":"Councilmember Dickens Cites Invest Atlanta For Help on Housing Ordinance","published_date":"2016-05-19","featured_image":{"id":304,"parent_id":34,"resource_file_name":"councilman-dickens-cites-invest-atlanta-for-help-on-affordable-housing-ordinance-featured.jpg","resource_content_type":"image/jpeg","resource_file_size":72882,"resource_updated_at":"2017-12-21T14:14:22.022-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2017-12-21T14:14:22.162-05:00","updated_at":"2017-12-21T14:15:04.535-05:00","filename_hash":"councilman-dickens-cites-invest-atlanta-for-help-on-affordable-housing-ordinance-featured_ZO6myZe.jpg","width":400,"height":300},"filename":"councilman-dickens-cites-invest-atlanta-for-help-on-affordable-housing-ordinance","meta_data_id":null,"published":true,"token":"w4j2fg","created_at":"2017-12-21T14:15:04.005-05:00","updated_at":"2017-12-21T14:15:04.005-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n Dickens recognized Invest Atlanta and a host of other groups and individuals for helping to shape the Affordable Housing Ordinance.\n\u003c/div\u003e\n","project_year":"2016","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eAtlanta City Councilman Andre Dickens has recognized Invest Atlanta and a host of other public- and private-sector groups and individuals for the part they played in helping to shape the Affordable Housing Ordinance that the City Council overwhelmingly approved on May 16.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe ordinance, which Dickens authored, requires all leased multi-family residential properties that obtain a grant, incentive or subsidy within Atlanta to adhere to housing set-asides. Consequently, either 10 percent of the units at 60 percent of the Area Median Income (AMI) and below or 15 percent of the units at 80 percent of the AMI and below are covered under the new law.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026ldquo;Mixed income communities have a proven track record of improving our community outcomes,\u0026rdquo; noted Dickens. \u0026ldquo;We ensured in the ordinance that the affordable housing units would be similar in construction and appearance (e.g., square footage, type and brand of appliances, materials used for countertops, flooring, etc.) to the market rate units and would not be in isolated areas in the development, but interspersed among the market rate units.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eDickens noted that the \u0026ldquo;collaborative effort\u0026rdquo; on behalf of the ordinance included \u0026ndash; among others \u0026ndash; Invest Atlanta, Atlanta Mayor Kasim Reed and his office, other City Council members, the Departments of Community Development \u0026amp; Planning and Law, members of the nonprofit sector and for-profit housing professionals and advocates.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n \n\u003c/span\u003e\n"},{"id":142,"title":"Grant Is Catalyst for Post Centennial Park Housing","promo_title":"Grant Is Catalyst for Post Centennial Park Housing","published_date":"2016-03-16","featured_image":{"id":374,"parent_id":33,"resource_file_name":"grant-is-catalyst-for-post-centennial-park-housing-featured.jpg","resource_content_type":"image/jpeg","resource_file_size":74255,"resource_updated_at":"2017-12-21T16:00:28.582-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2017-12-21T16:00:28.736-05:00","updated_at":"2017-12-21T16:00:48.336-05:00","filename_hash":"grant-is-catalyst-for-post-centennial-park-housing-featured_E6x2QQW.jpg","width":427,"height":320},"filename":"grant-is-catalyst-for-post-centennial-park-housing","meta_data_id":null,"published":true,"token":"500nOw","created_at":"2017-12-21T16:00:47.757-05:00","updated_at":"2017-12-21T16:00:47.757-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n A $4.35-million Westside Tax Allocation District grant approved by Invest Atlanta will help finance construction of Post Centennial Park.\n\u003c/div\u003e\n","project_year":"2016","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eA $4.35-million Westside Tax Allocation District grant approved by Invest Atlanta will help finance construction of Post Centennial Park, a 438-unit apartment community located across the street from the Center for Civil and Human rights and the World of Coca-Cola in downtown Atlanta. Post Properties is the developer for the project, which broke ground in February and should be completed sometime in the spring of 2018.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe grant leverages a $95-million lease purchase bond towards total project costs, resulting in a $4.5-million tax incentive.\u003c/p\u003e\r\n\r\n\u003cp\u003eTen percent of the units, or 44 homes, will be allocated to workforce housing at Post Centennial Park, which is the first new non-student rental development in the Westside/Downtown district in the past 15 years. Workforce households are those that earn 80 percent of the area median income of the Atlanta Metropolitan Statistical Area.\u003c/p\u003e\r\n\r\n\u003cp\u003eReplacing a blighted parking surface, this new community is expected to add about 800 residents to the downtown population.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Downtown\n\u003c/span\u003e\n"},{"id":145,"title":"An Award for City Lights Senior Rental Community","promo_title":"An Award for City Lights Senior Rental Community","published_date":"2016-03-12","featured_image":{"id":376,"parent_id":33,"resource_file_name":"an-award-for-city-lights-featured.jpg","resource_content_type":"image/jpeg","resource_file_size":85786,"resource_updated_at":"2017-12-21T16:04:27.807-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2017-12-21T16:04:27.962-05:00","updated_at":"2017-12-21T16:04:44.093-05:00","filename_hash":"an-award-for-city-lights-featured_YBN6b7l.jpg","width":400,"height":300},"filename":"an-award-for-city-lights-senior-rental-community","meta_data_id":null,"published":true,"token":"2CCUvA","created_at":"2017-12-21T16:04:42.952-05:00","updated_at":"2017-12-21T16:04:42.952-05:00","video_link":"","promo_description":"\u003cdiv class=\"datatype-wysiwyg-basic promo_description\"\u003e\n The National Association of Home Builders (NAHB) awarded City Lights its GOLD as the country\u0026#39;s Best 55+ Affordable Rental Community.\n\u003c/div\u003e\n","project_year":"2016","content":"\u003cdiv class=\"datatype-wysiwyg content\"\u003e\n \u003cp\u003eThe National Association of Home Builders (NAHB) has given City Lights Apartment Homes, in Atlanta\u0026rsquo;s Old Fourth Ward, its GOLD award as the Best 55+ Affordable Rental Community in the U.S. NAHB announced the honor in January at its International Builders Show in Las Vegas as part of its annual Best of 55+ Housing Awards presentation that recognizes excellence and innovation in the design, development, lifestyle and marketing of housing that appeals to the mature market.\u003c/p\u003e\r\n\r\n\u003cp\u003eThe Urban Residential Finance Authority, a component unit of Invest Atlanta, issued $7.5 million in tax-exempt bonds and provided $600,000 in HOME funds to finance the first phase of the City Lights development, which will consist of an 80-unit apartment community for low-income, independent seniors, ages 62 and older.\u003c/p\u003e\r\n\r\n\u003cp\u003eDeveloped by Wingate Companies and its partner, Columbia Residential, City Lights is the first step in the multi-phase redevelopment of the Village of Bedford Pine. The apartment homes are expected to be completed this summer, and will provide residents with a state-of-the-art fitness center, TV and movie room, community kitchen, sun deck, covered garage, business center, and WiFi access.\u003c/p\u003e\r\n\n\u003c/div\u003e\n","category_id":"\u003cspan class=\"datatype-select_field category_id\"\u003e\n Development\n\u003c/span\u003e\n","location_id":"\u003cspan class=\"datatype-select_field location_id\"\u003e\n Old Fourth Ward\n\u003c/span\u003e\n"}]}
Back to Top
" class="hidden">凤凰音乐