Continuing its commitment to expand the availability of safe, affordable housing across the city, the Invest Atlanta Board approved $39 million to support four developments that will create or preserve nearly 400 affordable homes in northwest and southwest Atlanta.
Since the start of 2026, Invest Atlanta has invested over $39.3 million in affordable housing initiatives, adding 328 affordable units towards the City’s goal of creating or preserving 20,000 by 2030.
350 Chappell Rd.
A $27.1 million tax-exempt loan will help fund the construction of multifamily housing in the Grove Park community near the Atlanta Beltline’s Westside Trail and a 31-acre master-planned site. TBG Residential was selected through a Request for Proposals process and will enter a ground lease with Atlanta Beltline. All 218 units will be made affordable between 30%-80% area median income (AMI).
City Line Flats
A $750,000 Hollowell/M.L. King TAD Resurgens Fund Grant is helping to finance the renovation of 36 multifamily housing units in the Florida Heights community. Located on Martin Luther King Jr. Drive, what was once known as King Glen Apartments will be gutted and transformed into City Line Flats featuring 16 affordable units. The building’s rehabilitation will preserve its long-term viability and contribute to the ongoing revitalization of the Martin Luther King Jr. corridor.
Columbia Commons
An $11.5 million tax-exempt loan will support the preservation of 158 multifamily housing units in the Harland Terrance community – 142 of which will be available at 60% AMI. Located on Martin Luther King Jr. Drive, Columbia Commons is an existing multifamily development that will undergo significant renovation to bring it up to market quality standards.
Staccato Row Townhomes
A $600,000 Perry Bolton TAD Resurgens Fund Grant is increasing affordable homeownership opportunities through the new construction of six town homes in the Grove Park neighborhood. Located on Cato Street in close proximity to transit and other services, the for-sale units will be available between 80%-100% AMI.