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. 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.
Located along the Atlanta BeltLine corridor, 77 of the units will be affordable, while the remainder will be rented at market rate.
“Affordable housing is an essential component of the Atlanta BeltLine and communities like Adair Court help maintain the diverse and inclusive fabric of Atlanta,” said Mayor Keisha Lance Bottoms. “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’s success.”
Adair 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’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’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.