Increasing access to homeownership opportunities and affordable rental housing through property redevelopment and rehabilitation.
Owner-Occupied Rehab Program
Invest Atlanta has dedicated $2 million toward an owner-occupied home rehabilitation program to assist in retaining existing homeowners in Vine City and English Avenue. The program for qualified low-to-moderate income households will address critical home repairs, energy efficiency and exterior home improvements, code violations, and will assist residents with estate planning and title issues.
Vine City Renaissance
Vine City Renaissance makes it possible for young professionals like Brittany Hart, a 26-year-old graphic designer who was drawn to the neighborhood’s prime location and rich civil rights history, to be a part of the Westside’s revitalization as a homeowner. In five years, her loan from Invest Atlanta will be fully forgiven.
Oasis at Vine City
Seniors can expect a high quality of life at Oasis at Vine City, a 105- unit housing development in the heart of Vine City. Higher Ground Empowerment Center and the Beverly J. Searles Foundation have partnered in this effort with a portion of the funding coming from Invest Atlanta.
Hagar Housing Development
Invest Atlanta provided $500,000 towards the renovation of a vacant, 10-unit residential property in English Avenue managed by Hagar Civilization Training Missionary. Once completed, it will provide affordable housing for residents with special needs, veterans and senior citizens.
Dalvigney Housing Development
Invest Atlanta released a Request for Proposals to convert an existing vacant property acquired through its land assembly program into affordable multi-family rental housing, providing residents who earn at or below 50% of the area median income access to newly redeveloped units. The project is expected to break ground in 2017.
Police Cadet Housing
Atlanta Police Foundation’s (APF) Secure Neighborhoods Initiative improves public safety by placing police in Atlanta neighborhoods through a variety of housing opportunities. Invest Atlanta will lease land to APF, which will invest in the redevelopment of the property into quality rental housing for cadets training to join the Atlanta Police Department.
Invest Atlanta provided $4.2 million toward the development of a Hard Rock hotel and 122 new apartment units to the Castleberry Hill neighborhood. Built on vacant land, this new development will generate hundreds of construction jobs as well as 112 permanent jobs.