To help very-low-income families, especially those at risk of displacement, the Invest Atlanta Board approved $1.8 million in Housing Opportunity Bond Funds for the construction of affordable, single-family scattered site rental units in the Grove Park community.
The project, located at 1842 Markone Street, is in close proximity to mass transit and will be developed by Grove Park Renewal Rentals – a nonprofit focused on empowering communities through high quality, dignified housing.
Grove Park Renewal currently owns 10 parcels that will be used to create 40 units. There will be two structures on each parcel – a primary unit and a detached accessory dwelling unit (ADU) – that will house four separate living units. Affordability will include 30%, 50% and 80% of area median income (AMI) units – 12 of which will be permanently affordable and 10 will be deed restricted. In addition, Atlanta Housing Choice Vouchers will be available for 10 units.