Housing affordability is foundational to a strong economy and healthy communities and is a number one priority for the City of Atlanta.  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.

Burbank Townhomes

A $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 – 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.

Chosewood Park

A $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’s Interim Southside Trail. All units will be made affordable between 30% - 80% AMI.