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.

According to Alan Ferguson, senior vice president of Community Development at 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’s housing authority.

“We like to see a mix of incomes in regards to affordability, as well as opportunities to incorporate permanent supportive housing in our developments,” said Ferguson. “This truly creates a mixed-income, mixed-opportunity housing environment for our residents in the City of Atlanta.”