The second and likely final public hearing for the opportunity zone program showed that the program’s staunchest advocates are still hoping the federal government makes some changes to the rules before they are finalized. The program allows investors to place capital gains into a qualified opportunity fund — referred to during Tuesday’s hearing as QOFs and […]
Zillow pegs the median rent price in Decatur at an even $2,000—nearly 25 percent higher than Atlanta overall—and the median home value at well over a half-million dollars. Numbers like those are, obviously, barriers to many. To combat economic forces that might relocate or disrupt the lives of some residents, city officials and the Decatur […]
Mayor Keisha Lance Bottoms introduced legislation that requests Atlanta’s economic development arm—Invest Atlanta—establish a new Community Loan Fund designed to encourage micro and small business development within the City of Atlanta. The fund is designed to target business development that has been unserved by Invest Atlanta’s small business loan tools. The resolution was introduced by […]
The One Atlanta: Housing Affordability Action Plan outlines a bold vision to achieve Mayor Bottoms’ vision to provide a pathway to affordable and equitable housing opportunities for all who desire to call Atlanta home. Atlanta’s population is increasing, but new housing construction has focused on higher-cost demand. In 2017, Atlanta was the third fastest growing […]
Atticus LeBlanc, an Atlanta affordable housing developer, gets a fair amount of questions about PadSplit, his new housing concept that converts single-family homes into affordable shared living spaces. Most ask him how it’s different than a traditional boarding house. What’s the difference between hitchhiking and ride-hailing? he asks me when I pose the same question. […]
Yesterday’s announcement of $60 million in new funding for affordable housing brings us one step closer to achieving #OneAtlanta. As our city continues to grow and prosper, we will continue to find innovative ways to ensure that our communities are not left behind.
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 […]
A new affordable development in the Capitol View neighborhood was recently completed, according to a press release. On Monday, Sept. 10, the ribbon was cut on Gateway Capitol View Senior Residences, a 162-unit, transit-adjacent, affordable living community for people over 55. In January of 2017, the story of affordable housing along the Atlanta BeltLine began […]
The Metro Atlanta Chamber on Monday came out in favor of the $5 billion Gulch deal as outside pressure from the business community builds on the City Council to support an up to $1.75 billion public financing package. The chamber joins other prominent backers of the proposal, including downtown business coalition Central Atlanta Progress and […]
ATLANTA — Capital One has provided a $14.9 million HUD 221(d)(4) rehabilitation and permanent financing loan for Bethel Towers Apartments, an affordable multifamily property located in Atlanta’s Sweet Auburn neighborhood. Capital One’s Carolyn Whatley originated the loan, which features a fixed interest rate and a 40-year term. The Benoit Group, the borrower, is partnering with […]