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. Below are the latest projects underway.
Englewood Multifamily
Construction 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 – 160 of which will be available at 60% area median income (AMI) or below.
557 Lindsay Street
Additional 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.
The 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 funding.
Once 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.
Heritage Village at West Lake
A 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.
Good 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.
Formerly known as The Waluhaje, which opened in 1951 as an apartment and hotel complex serving Atlanta’s developing post-war Westside, the building was one of the city’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.
Affordability at the new Heritage Village will include 102 units at 30% AMI or below. Construction is expected to be complete in 2025.