As part of the goal to create or preserve 20,000 units of affordable housing by 2026, the Invest Atlanta Board is pushing forward with an additional 346 units of affordable housing across two developments.
An approved $26 million tax-exempt loan paves the way for the new construction of McAuley Park, which will feature 170 multifamily housing units in the Sweet Auburn neighborhood. Located on Gartrell Street, the development will include 30 units at 30% area median income (AMI), 101 units at 60% AMI and 29 units at 80% AMI, serving individuals making $18,000 to $48,000 a year. In addition, Saint Joseph’s Mercy Care Services will support 10 respite units within the project for patients who need affordable housing near the clinic for healthcare services.
The Board also approved the disposition of a city-owned property to Vecino Group Southeast and Capitol Hill Neighborhood Development Corporation to build new affordable and workforce residential housing on a vacant lot across from Atlanta City Hall. Trinity Central Flats will feature 218 units, 186 of which will be affordable long term. The eight-story, mixed-use building will offer a diversity of unit arrangements that maximize affordability, increase density, and capture a wide range of income levels and household types. In addition, ground floor retail space will provide lifestyle amenities and essential services, with a focus on creating local business opportunity and affordable rents.