Georgia has earmarked federal tax credits to provide 650 affordable rental homes in metro Atlanta and they are scheduled to ready for occupancy in late 2020, according to a statement from the Department of Community Affairs on the award of a total of $25 million statewide in federal Housing Tax Credits.
As published in the Atlanta Business Chronicle on Aug. 10, 2018
The Atlanta BeltLine Inc., in the midst of a transition in leadership, has adopted a new affordable housing strategy and has been actively engaged in acquiring land as well as making sure BeltLine transit remains on the City of Atlanta’s More MARTA plans.
Georgia is among six states in which voters in the Nov. 6 election approved ballot measures to address housing affordability. Groups to benefit include the mentally disabled, including a program in metro Atlanta that’s supported by former First Lady Rosalynn Carter, veterans and, in California, farm workers.
The good news about Atlanta not getting picked for Amazon’s second or third headquarters is that the region doesn’t face the prospect the wsj.com framed in this headline: Amazon’s Move to Long Island City Sparks Condo Frenzy.
Voters in Oregon face a ballot initiative Tuesday that represents the stuff of dreams for some advocates of affordable housing in Georgia – a proposal that is to produce more bang for each buck of public investment in homes affordable to those earning the salaries of schoolteachers.
The groundbreaking of Ashley 1 at Scholars Landing in the Atlanta University Center campus on Nov. 2 broke more than ground.
It broke the ice that had existed for the past nine years between the City of Atlanta, the Atlanta Housing authority and the Integral Group, a development company specializing in community transformations.
MARTA is seeking a developer to build a mixed use project, complete with affordable housing, at its Kensington Station, which is located in eastern DeKalb County between Avondale Estates and I-285. One potential stumbling block is the existing zoning of the property.
By Sonam Vashi Nearly 500,000 affordable homes across the country funded by a federal program will expire by 2030, according to a new report. In Atlanta, more than one-third of the 11,000 homes funded by the program will expire by the same year. The homes, mostly units in apartment complexes, rely solely on a federal […]
A report released Tuesday suggests there’s no reason to suspect prices will decline anytime soon in the rental apartment sector. This would seem to increase pressure on advocates of affordable housing as they seek to entice developers to build units and price them at below-market rates
For starters, the monthly rent is to jump by nearly 50 percent at one proposed apartment complex that’s to replace a planned teardown of duplexes located north of Atlanta’s Oakland Cemetery. This is just one of several developments that may give members of the Atlanta City Council an opportunity to ponder aloud the city’s state of affordable housing.