Invest Atlanta continues its push to create or preserve 20,000 units of affordable housing by 2030, supporting a range of developments, including senior, multifamily, workforce and mixed-income housing.

Most recently, the Invest Atlanta Board approved $3.84 million in Tax Allocation District (TAD) grant funds, along with a $13.5 million tax-exempt loan to help finance the construction of new single- and multifamily housing. These developments will add 209 affordable units ranging from 30%-80% area median income (AMI), expanding access to housing for residents across a broad spectrum of incomes.

Magnolia Perimeter Phase I

An $840,000 Westside TAD – Resurgens Fund Grant will finance the new construction of 12 single-family homes in Vine City. Located on Thurmond Street, the for-sale homes will be available at 80% AMI or below.

Village at Franklin Park Phase I

A $2 million Beltline TAD Increment Grant will support the construction of 70 multifamily housing units in the Rockdale neighborhood – with 53 of the units available at 60% AMI or below. Located on Johnson Road adjacent to Shirly Clarke Franklin Park, Village at Franklin Park Phase I will be the first multifamily rental phase in the Johnson Road master-planned development.

Greenbriar Pointe

A $1 million Campbellton Road TAD Resurgens Fund Grant will fund the construction of 65 multifamily housing units on Greenbriar Parkway – all of which will be affordable between 30%-80% AMI.

Bowen Homes Phase II

A $13.5 million tax-exempt loan will finance the new construction of 112 multifamily units in the Brookview Heights neighborhood. Located on Wilkes Circle, Bowen Homes Phase II will be part of a vibrant new community that connects a historically neglected and environmentally stressed part of Atlanta into a place of natural, social and economic regeneration.