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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":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":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":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":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":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":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":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":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":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":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":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":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":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":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":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":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":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":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":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":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":321,"title":"TAD Funds to Finance Renovations for School-Adjacent Affordable Rentals ","promo_title":"School Adjacent Affordable Rentals for English Ave","published_date":"2020-02-26","featured_image":{"id":1108,"parent_id":1,"resource_file_name":"oaksatl.jpg","resource_content_type":"image/jpeg","resource_file_size":221173,"resource_updated_at":"2020-02-26T11:16:28.767-05:00","caption":"oaksATL","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":1,"created_at":"2020-02-26T11:16:29.169-05:00","updated_at":"2020-05-19T14:51:45.465-04:00","filename_hash":"oaksatl_NnaYPQy.jpg","width":1555,"height":798},"filename":"tad-funds-to-finance-renovations-for-school-adjacent-affordable-rentals","meta_data_id":null,"published":true,"token":"lK9wIg","created_at":"2020-02-26T11:18:36.755-05:00","updated_at":"2020-05-19T14:51:45.444-04:00","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 has approved a Westside TAD grant of up to $500,000 to finance the renovation of sixteen school-adjacent multifamily apartment units in English Avenue.\u0026nbsp; The developer, oaksAtl Community Development, Inc. (oaksATL), is a non-profit development associated with Peace Preparatory Academy, Inc. Together, the two entities aim to support low-income families holistically through access to quality education, safe and affordable housing, and proximity to parks and employment, in an effort to address the relationship between housing stability and community wellbeing.\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eCurrently, the school has 60 students spanning pre-kindergarten through fourth grade and plans to continue to expand through 12\u003csup\u003eth\u003c/sup\u003e\u0026nbsp;grade. Families, who come from English Avenue, Vine City, and adjacent neighborhoods, pay tuition on a sliding scale through the assistance of individual, foundation, and corporate donors.\u003c/p\u003e\r\n\r\n\u003cp\u003eOnce renovated from its vacant, blighted state, 584 Lindsay Street will provide fifteen two-bedroom apartment units. The renovations will include new mechanical, electrical, plumbing, exterior doors and windows, and interior finishes. The building will also include exterior fa\u0026ccedil;ade and site improvements.\u003c/p\u003e\r\n\r\n\u003cp\u003eIn January, the Invest Atlanta Board of Directors supported plans for oaksATL to renovate another sixteen multi-family apartment units in \u003ca href=\"https://www.investatlanta.com/impact-insights/tad-funds-allocated-to-help-provide-school-adjacent-affordable-rental-housing-in-english-ave\"\u003eEnglish Avenue\u003c/a\u003e.\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eUnder the terms of the Westside TAD Community Improvement Fund, the developer will offer the rental units at a deep level of affordability.\u0026nbsp; Eight of the units will be offered at or below 50 percent Area Median Income (AMI) while the remaining seven units will be offered at or below 80 percent 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 \n\u003c/span\u003e\n"},{"id":316,"title":"TAD Funds Allocated to Help Provide School-Adjacent Affordable Rental Housing in English Ave. ","promo_title":"TAD Funds to Provide School-Adjacent Affordable Rentals","published_date":"2020-01-23","featured_image":{"id":1090,"parent_id":5,"resource_file_name":"oaksatl.jpg","resource_content_type":"image/jpeg","resource_file_size":221173,"resource_updated_at":"2020-01-22T16:32:24.268-05:00","caption":"","description":null,"attachable_id":null,"attachable_type":null,"assets_resource_uses_count":2,"created_at":"2020-01-22T16:32:24.761-05:00","updated_at":"2020-01-28T11:37:42.785-05:00","filename_hash":"oaksatl_5EjDpwx.jpg","width":1555,"height":798},"filename":"tad-funds-allocated-to-help-provide-school-adjacent-affordable-rental-housing-in-english-ave","meta_data_id":null,"published":true,"token":"0fMs-A","created_at":"2020-01-23T08:37:15.351-05:00","updated_at":"2020-01-23T12:21:18.263-05:00","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\u003eIn January, the Invest Atlanta Board of Directors supported plans for oaksATL Community Development, Inc. to renovate sixteen multi-family apartment units in English Avenue. Two vacant buildings will be redeveloped by the nonprofit development company in order to provide affordable rental housing adjacent to Peace Preparatory Academy.\u0026nbsp; oaksATL, in conjunction with Peace Preparatory Academy, will receive a grant of up to $500,000 from the Westside TAD Community Improvement Fund to help finance the project.\u0026nbsp;\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eRandy Hazelton, the vice chair of the IA Board,\u003ca\u003e \u003c/a\u003eshared his support of the project, saying: \u0026ldquo;I\u0026rsquo;ve had the privilege to work alongside oaksATL, to see the amazing work they\u0026rsquo;re doing.\u0026rdquo; The mission of oaksATL and Peace Preparatory Academy is to address the relationship between housing stability and community well-being by providing access to quality education, safe and affordable housing, and proximity to parks and employment. Currently, the school has 60 students spanning pre-kindergarten through fourth grade and plans to continue to expand through 12\u003csup\u003eth\u003c/sup\u003e grade. Families, who come from English Avenue, Vine City, and adjacent neighborhoods, pay tuition on a sliding scale through the assistance of individual, foundation, and corporate donors.\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eContinued Hazelton, \u0026ldquo;This is an organization where their actions \u0026ndash; everything they say they\u0026rsquo;re going to do \u0026ndash; they do.\u0026nbsp; When you talk about building deep and true affordability in an area like English Avenue, where most of the residents feel forgotten about, it\u0026rsquo;s just incredible.\u0026nbsp; These are the type of projects that we have to continue to fund.\u0026rdquo;\u003c/p\u003e\r\n\r\n\u003cp\u003eThe two buildings, currently blighted and in disrepair, are located at 891 North Ave NW and 551 Lindsay Street NW. Post renovations, North Avenue will provide ten two-bedroom apartments; Lindsay Street will offer six two-bedroom units. The renovations will include new mechanical, electrical, plumbing, exterior doors and windows, and interior finishes. Additionally, the new buildings will receive exterior fa\u0026ccedil;ade and site improvements.\u003c/p\u003e\r\n\r\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\r\n\r\n\u003cp\u003eUnder the terms of the Westside TAD, oaksATL will offer the rental units at a deep level of affordability.\u0026nbsp; At least half of the apartments will be available at or below 50% Area Median Income (AMI).\u0026nbsp; The remaining units will be kept at or below 80% AMI.\u0026nbsp; The compliance period for maintaining this affordability is twenty years.\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":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":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":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":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":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":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":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":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":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":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":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":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":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":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"}]}
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