The Invest Atlanta Board has approved $1.115 million in tax allocation district (TAD) grants to fund three small, multifamily residential projects that will increase affordability in the Westside community.

A $340,000 Westside TAD Resurgens Fund Grant will assist in the current redevelopment of 400 Paines Ave. in the English Avenue neighborhood. The property will include six one-bedroom units leased at 60% area median income (AMI). Renovations will include ADA enhancements, utility upgrades and updates to the interior and exterior of the property. Other improvements will include reconstruction of curbs, sidewalks, streetscapes, stormwater management and curb cuts.

The Westside Future Fund, which is a place-based community organization that utilizes private and philanthropic partnerships to revitalize Westside neighborhoods, received a $325,000 Westside TAD grant to fund a redevelopment project at 613 Echo St. The project will feature seven units of affordable rental housing priced at 50-60% AMI. Plus, assistance from Atlanta Housing Project-Based Rental Assistance Voucher Program ensures tenants will pay no more than 30% of their income on rent.

The Westside Future Fund also will receive up to $450,000 in Westside TAD Resurgens Fund Grants to finance the stabilization and historic preservation of 220 Sunset Ave. for affordable multifamily housing. Built in 1950, the property is a historic landmark to Atlanta’s Civil Rights Movement and was acquired in 2020 to preserve the structure. The redevelopment will include a complete interior and exterior renovation of the four original apartments and construction of an additional two-bedroom, one-bath unit.

“I wholeheartedly support this,” says Atlanta Mayor Andre Dickens. “These are not only affordable houses–seven at a time, six at a time, 10 at a time–that all add up. This is also neighborhood revitalization…when you start fixing them up and placing residents in them at affordable rates…it has a huge amount of impact.”