“An Atlanta for all is one that prioritizes heathy, thriving neighborhoods that benefit residents and communities throughout the city,” said Mayor Andre Dickens who also serves as Board Chair of Invest Atlanta. “Strategically using TAD funding as the Invest Atlanta Board has done through these projects, while using innovative partnerships with the faith community and private and non-profit sectors, not only helps to meet our affordable housing commitment but also brings new quality housing that spurs additional investment in these neighborhoods.” 

Development projects receiving TAD funding include: 

172 Vine Street: Good Places development and Collaborative Housing Solutions in partnership with Cosmopolitan AME Church plans to develop 70 units of mixed-income housing in Vine City, repurposing underutilized parking and open space owned by the church. Sixty-three of the housing units will be affordable at 50 – 60 percent AMI. Seventeen of the units have been applied for project-based vouchers provided by the Georgia Department of Community Affairs. The Board approved a Westside TAD grant of $2.5 million for 172 Vine Street. 

“Cosmopolitan AME Church has been a cornerstone of Vine City for more than 100 years, working alongside our partners to make the difference in the lives of our neighbors and our community,” said Rev. Dr. Cynthia Parnell McDonald, pastor of Cosmopolitan AME Church. “Tax Allocation District support helps us to realize our vision of breathing new life into this vacant property through affordable housing that serves those in need. I am truly grateful to Bishop Michael Mitchell and Supervisor Cordelia Mitchell as well as Presiding Elder Kimberly McMichael for their support of my leadership as we move toward this new season of community impact!” 

The Kennedy at Riverside: Radiant Development Partners plans to develop this 50-unit family-focused community in the Riverside neighborhood in the Upper Westside of Atlanta. Forty-five of the housing units will rent for 50 – 60 percent AMI, and the development will include amenities such as a furnished fitness center, computer room, exterior gathering spaces and social services. The Board approved a $2.5 million grant from the Perry Bolton TAD for the project.  

Sunset Avenue: With a $2.5 million contribution from the Westside TAD, the Westside Future Fund plans to transform vacant land in the English Avenue neighborhood into a new 26-unit multifamily development. The project is 100 percent affordable and includes deeply affordable units starting at 30 percent AMI. The development remediates vacant land and blight in the neighborhood and is near Hollis Innovation Academy, MARTA, and City of Atlanta parks. 

English Commons: Developer Clifford Palmer, a resident of English Avenue for more than a decade, seeks to develop 20 multifamily housing units along James P. Brawley Blvd. in English Avenue. The project will contribute to the redevelopment and activation of concentrations of vacant property along James P. Brawley. Sixteen of the 20 housing units will be affordable at 60 – 80 percent AMI. The Board approved $1 million in Westside TAD funding for English Commons. 

“Atlanta's Tax Allocation Districts have been instrumental in transforming our communities by driving economic growth and revitalizing underdeveloped areas,” said Dr. Eloisa Klementich, president and CEO of Invest Atlanta. “Affordable housing is one of many ways TAD investments bring new investment to our communities that accelerates economic growth and job creation. In the last 10 years, TADs have generated $13.5 billion in economic impact and more than 46,000 jobs in the city.”