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The Atlanta BeltLine

Where Atlanta Comes Together. Learn more

 
 
Affordable Housing

Atlanta BeltLine Living Made Easier

Affordable housing is a cornerstone of the Atlanta BeltLine vision, intended to support a diverse workforce and ensure the Atlanta BeltLine’s economic, cultural, and health benefits accrue to people of all income levels. Our goal is to create 5,600 units of affordable housing over twenty-five years. To date, $12.5 million has been dedicated to affordable housing: providing dollars to homebuyers through down payment assistance, funding for land acquisition for future affordable housing, and incentives to developers to build affordable housing.

Progress

The City of Atlanta intentionally incorporated affordable housing through the legislatively-mandated goal of creating 5,600 affordable workforce housing units over the life of the program.

Since 2005, there have been 2,000 affordable workforce units created in the Atlanta BeltLine Planning Area by ABI, Invest Atlanta, the Atlanta Housing Authority, and the State Department of Community Affairs. As of fall 2016, there are an additional 250 units in various stages of development within active projects. Over the next three years, ABI will invest $15-$20 million to support an additional 425 to 600 units.


See housing accomplishments:

Since 2006, Atlanta BeltLine, Inc. has achieved:

  • More than 15,000 residential housing units (Target 28,000).
  • More than 550 Atlanta BeltLine, Inc. and Invest Atlanta-supported affordable workforce housing units in the Tax Allocation District (Target 5,600).
  • Approximately 1,000 Atlanta BeltLine, Inc. and Invest Atlanta-supported affordable workforce housing units in the Atlanta BeltLine Planning Area.
  • More than 2,000 affordable workforce housing including utilizing Atlanta Housing Authority and Georgia Department of Community Affairs resources and funding.


Though overall housing development around the Atlanta BeltLine is strong, our ability to meet the project’s goal of 5,600 affordable workforce housing units requires enhanced or new tools and strategies.

In order to reach the Atlanta BeltLine’s ambitious goals, we welcome the opportunity to work closely with key public and private partners on programs, policies, and funding that will make affordable housing a realistic opportunity for all who wish to live in and around the Atlanta BeltLine. We invite others to join us in making Atlanta BeltLine neighborhoods affordable for all.

Turning Plans Into Action

In 2015, ABI completed an Integrated Action Plan (IAP) to determine how to best achieve the 2005 Redevelopment Plan’s ambitious economic development and housing goals. The approach of the IAP is practical and action-oriented. It concentrates on fiscal years 2016 to 2020 while establishing a longer-term general framework through 2030.


Key strategies of the Integrated Action Plan include:

  • Pursue and diversify funding sources
  • Build financial sources and tools for land acquisition
  • Predevelopment and sale/lease of ABI-owned land to include affordable workforce housing
  • Strengthen partnerships and policy (i.e. Inclusionary Zoning)

Key projects of the Integrated Action Plan include:

  • Capitalize an acquisition fund
  • Directly support the creation of 3 major affordable workforce housing developments
  • Implement and scale the FHLB partnership

Read more and download the Integrated Action Plan.


Current Programs

The Atlanta BeltLine’s current efforts for affordable housing center around the following programs:

  • Downpayment assistance through a partnership with Federal Home Loan Bank of Atlanta.
  • Centralizing information on tax exemptions for homeowners; affordable housing opportunities through ABI and Invest Atlanta partnerships (see Resources tab above).
  • Homeowner education workshops designed to make sure existing homeowners in Atlanta BeltLine neighborhoods are equipped to take advantage of available resources to stay in their homes or knowledgeably evaluate opportunities if they are considering selling (see Resources tab above) .
  • Pursuing key strategies and projects in accordance with the Integrated Action Plan.

Watch Atlanta BeltLine Down Payment Assistance Program Success Stories

Hodges Family Johna Jamison
The Hodges Family discuss how they were able to by their home through the Atlanta BeltLine’s partnership with the Federal Home Bank of Atlanta. Johna Jamison discusses her one bedroom, 1.5 bath condo she purchased with the downpayment assistance from the Atlanta BeltLine Housing Initiative Program.

Creating Housing Opportunities for All

In addition to transit, trails, and parks, a centerpiece of the original Atlanta BeltLine vision is creating affordable housing all along the 22-mile corridor. To that end, numerous steps have been taken to advance opportunities. This webpage offers an overview of our programs for those wishing to learn about affordable housing efforts in more detail.

Atlanta BeltLine Housing Initiative Program (HIP)


In 2014, ABI launched a partnership with the Federal Home Bank of Atlanta to provide rehab work for homeowners adjacent to the Westside Trail, and down payment assistance for those seeking to live along the Atlanta BeltLine. The Atlanta BeltLine Housing Initiative Program (HIP) is designed to give qualified families the opportunity to buy or renovate homes along the trails, parks, and future transit of the Atlanta BeltLine. Eligible homebuyers could receive up to 25% or $45,000 for a down payment, or $25,000 to make needed repairs to keep their home warm, safe, and dry. Learn more.

Integrated Action Plan

In 2015, ABI completed an Integrated Action Plan to determine how to best achieve the 2005 Redevelopment Plan’s ambitious economic development and housing goals. The approach of the IAP is practical and action-oriented. It concentrates on fiscal years 2016 to 2020 while establishing a longer-term general framework through 2030.

Key strategies of the Integrated Action Plan include:

  • Pursue and diversify funding sources
  • Build financial sources and tools for land acquistion
  • Predevelopment and sale/lease of ABI owned land to include affordable workforce housing
  • Strengthen partnerships and policy (i.e. Inclusionary Zoning)

Key projects of the Integrated Action Plan include:

  • Capitalize an acquisition fund
  • Directly support the creation of 3 major affordable workforce housing developments
  • Implement and scale the FHLB partnership

Read more and download the Integrated Action Plan

Affordable Housing Trust Fund


The Atlanta City Council created the Atlanta BeltLine Affordable Housing Trust Fund (BAHTF) to promote the creation and preservation of affordable housing within Atlanta BeltLine neighborhoods. Grant funds from BAHTF are used to create and preserve both owner occupied and rental housing and provide direct assistance to homebuyers as well as incentives for affordable housing developers. These funds, created by BAHAB have committed funding for:

  • Over 75 affordable owner occupied units
  • Over 40 affordable rental units
  • Lofts at Reynoldstown Crossing
  • The Atlanta Land Trust Collaborative (ALTC) – formed in 2011 to foster affordable, transit-oriented development

To view applications, guidelines, and contact information please visit Invest Atlanta’s Multifamily Developer Grants.

Atlanta BeltLine Affordable Housing Advisory Board (BAHAB)

The transformative nature of the Atlanta BeltLine will impact housing availability and affordability in and around the corridor. In anticipation of changing realities, 15% of net TAD bond proceeds are reserved for workforce or affordable housing. BAHAB is designed to make recommendations for maximizing the use of tax allocation dollars.

Affordable Housing Strategy

In 2012, Atlanta BeltLine, Inc., the Atlanta BeltLine Affordable Housing Advisory Board, and Enterprise Community Partners developed an affordable housing strategy for the Atlanta BeltLine. The study identified the existing and future inventory needed for affordable housing. It also created tools and financial models for developers to build affordable housing along Atlanta BeltLine. Through the end of 2015, this funding, in conjunction with Invest Atlanta, has helped create 1,025 affordable housing units along the Atlanta BeltLine. Throughout the Planning Area, 15,483 housing units have been created.



Atlanta Land Trust Collaborative

The Atlanta Land Trust Collaborative (ALTC) was created to maintain affordability in neighborhoods at risk for displacement and gentrification as a result of the Atlanta BeltLine development. The Atlanta BeltLine Partnership, the Atlanta Housing Association of Neighborhood-based Developers (AHAND) and the Annie E. Casey Foundation led more than 30 public, private, non-profit, and community organizations for more than two years to bring the ALTC into existence in December 2009. ALTC brings needed development expertise and capacity with a focus on permanent affordable housing and transit oriented development. Learn more.


Related Documents

We archive important documents relating to our affordable housing initiatives. If you are unable to locate a particular document, please contact us for assistance.

DocumentDescription
Mixed Income Transit Oriented Development StrategyABI, BAHAB, Enterprise Community Partners, and Bleakly Advisory Group, Inc. together developed a series of recommendations to implement Mixed Income Transit Oriented Development. Download the presentation given to Atlanta City Council in March 2013.
Lofts at Reynoldstown Crossing Case StudyDetailed report about the Lofts at Reynoldstown Crossing project.
BeltLine Affordable Housing Advisory Board 2010 Annual BriefingPresentation that outlines BAHAB's guiding principles, framework, components and target audience. Recaps BAHAB's work plan and progress in 2010. Highlights accomplishments and future plans.
Atlanta BeltLine Affordable Housing Trust Fund Developer GrantsApplication for funding for Multi-Family and Single-Family Developer Grants. Grants are available to Multi-Family Developers from the BeltLine Affordable Housing Trust Fund to finance multifamily developments along the Atlanta BeltLine.
BeltLine Affordable Housing Advisory Board Affordable Housing Trust Fund RecommendationsBAHAB's policy recommendations to BAHTF, complete with detailed rationale and supporting appendices.
BeltLine Affordable Housing Advisory Board Statement of Guiding PrinciplesBAHAB is a citizens advisory board was created by the City of Atlanta in connection with the BeltLine TAD and outlines its guiding principles in this document.
BeltLine Affordable Housing Advisory Board BylawsBAHAB is a citizens advisory board was created by the City of Atlanta in connection with the BeltLine TAD and outlines its bylaws in this document.
Affordable Homes

Reynoldstown Senior Housing

ABI contributed $1.5 million to the development of Reynoldstown Senior (70 homes) from the BeltLine Affordable Housing Trust Fund. This project is scheduled for completion in fall 2016. Please visit Mercy Housing’s website for lease information.

WSB-TV Features Affordable Housing for Seniors

wsb-tv-reynodlstown-senior-housing

Helping Make Home Ownership Possible

Interested in purchasing a home near the Atlanta BeltLine? Atlanta BeltLine, Inc. offers a downpayment assistance program for applicable properties in addition to the ability to search homes for sale in all price ranges.

Buy a Home Along the Atlanta BeltLine with Downpayment Assistance

Please note that the application period is now closed for 2016. Please check back in 2017!

The Atlanta BeltLine Housing Initiative Program (HIP) strives to help residents who may struggle to save the money for downpayment, but have the capacity to buy a home.

ABI offers downpayment assistance in the form of silent mortgages, meaning you do not pay for it as part of a monthly mortgage payment. The assistance is 20% of the purchase price of a home—up to $45,000. For example, if you found a home to purchase for $100,000, the HIP would cover $20,000 of the cost of the home, resulting in a loan amount of $80,000.

Eligible families must meet certain eligibility criteria including, but not limited to, income limitations, ability to qualify with a lender, ability to contribute $1,000 at closing, and the proximity of the home to the Atlanta BeltLine.

For more information, please visit and bookmark our website dedicated to this program – just click to learn more!

Learn more


Search All Homes for Sale Around the Atlanta BeltLine

If you are looking to buy a market-rate home along the Atlanta BeltLine, the links below will take you to home searches without a purchase price limit. Many of these homes will fall outside of the financial limits associated with downpayment assistance programs. ABI is providing these home searches as a tool to help citizens search for real estate for sale near the Atlanta BeltLine, but does not provide advice nor act as a broker. Interested homebuyers will need to work with their own real estate agents and lenders. Happy house hunting!

Search Atlanta BeltLine homes for sale in the northeast.

Search Atlanta BeltLine homes for sale in the northwest.

Search Atlanta BeltLine homes for sale in the southeast.

Search Atlanta BeltLine homes for sale in the southwest.


Watch Atlanta BeltLine Down Payment Assistance Program Success Stories

Hodges Family Johna Jamison
The Hodges Family discuss how they were able to by their homethrough the Atlanta BeltLine’s partnership with the Federal Home Bank of Atlanta. Johna Jamison discusses her one bedroom, 1.5 bath home she purchased with the downpayment assistance from the Atlanta BeltLine Housing Initiative Program.
More Details

The application period is now closed for 2016. Please check back in 2017!

For more information about the program, please visit the Atlanta BeltLine Housing Initiative Program (HIP) site.


Affordable Homes

Lofts at Reynoldstown Crossing

ABI completed the Lofts at Reynoldstown Crossing in 2012. 28 units were sold as affordable homes, with three units going to educators and first responders as part of the Atlanta Community Land Trust.


Invest Atlanta Homebuyer Initiatives

Invest Atlanta, the redevelopment arm of the City of Atlanta, offers additional resources for those seeking to buy a home. See their page dedicated to homebuyer incentives.

Invest Atlanta

Affordable Rental Housing Supported by Atlanta BeltLine, Inc.

Are you looking to rent an affordable apartment on or near the Atlanta BeltLine? This webpage is dedicated to connecting you with specific developments with whom we have partnered to preserve affordability.

Georgia Housing Search—Apartment Search in the City of Atlanta

To search for rental housing, including all state-funded affordable housing properties, in the city of Atlanta and Atlanta Beltline, please visit the Georgia Housing Search website.

Housing Opportunities

There are many options for living along the Atlanta BeltLine for a variety of incomes. Below is a list of affordable housing options and information to learn more about leasing opportunities. This list is limited to apartment complexes in which Atlanta BeltLine, Inc. (ABI) and Invest Atlanta have supported affordable housing.

Lofts at Reynoldstown Crossing


ABI completed the Lofts at Reynoldstown Crossing in 2012. 28 units were sold as affordable homes, with three units going to educators and first responders as part of the Atlanta Community Land Trust. The lofts are located at 890 Memorial Drive SE, Atlanta, GA 30316 and are immediately adjacent to the Eastside Trail in Reynoldstown. The residential area is lease-to-own, and units become available upon selling by specific owner. Contact by phone: (404) 579-9307

AMLI Ponce Park


AMLI Ponce Park is located at 641 North Avenue NE, Atlanta, GA 30308. Contact by phone: (404) 267-0964

The Flats at Ponce City Market


ABI contributed BAHTF dollars to the development of 52 units of workforce rental apartments in Ponce City Market. Contact by phone: (404) 410-4400

Trestletree Village


Trestletree Village consists of two sites, Trestletree North and Trestletree South located in the Grant and Ormewood Park neighborhoods of Atlanta. Contact by phone: (404) 622-7674

Stanton Oaks (formerly Boynton Village Apartments)


ABI contributed $800,000 to the complete renovation of Stanton Oaks in Peoplestown (43 homes). Located just south of Turner Field on Hank Aaron Drive, this fully renovated housing complex is on the site of the former Boynton Village Apartments. Contact by phone: (404) 330-1000

Reynoldstown Senior


ABI contributed $1.5 million to the development of Reynoldstown Senior (70 homes) from the BeltLine Affordable Housing Trust Fund. This project is scheduled for completion in fall 2016. Please visit Mercy Housing’s website for lease information.

 

Affordable Homes

AMLI Ponce Park

AMLI Ponce Park is located in the historic Old Fourth Ward neighborhood and is situated near the Atlanta BeltLine, Ponce City Market, Midtown, Downtown and more dynamic Atlanta Neighborhoods. AMLI Ponce Park is a LEED Platinum certified community.

Affordability Resources for All

One of the many benefits of revitalization of communities along the Atlanta BeltLine has been the growing investment into those communities and new housing initiatives. The Atlanta BeltLine is committed to keeping residents informed of financial opportunities that help making living along the Atlanta BeltLine affordable for everyone.

Tax Exemptions for Homeowners

There are a number of ways to qualify for various exemptions for housing along the Atlanta BeltLine.

Basic Homestead Exemption


The basic homestead exemption results in an annual savings over $800.

Homeowner must be a City of Atlanta or Fulton County resident and be the primary resident (as of January 1st) of the home to which the exemption will apply.

Homestead Exemptions for Seniors


Senior exemptions increase Basic Homestead savings by over $200, for a total annual savings of over $1,000 (savings vary based on income).

Homeowner qualifications are the same as the Basic Homestead Exemption, plus the resident must be 65 or older before January 1st, and cannot have a yearly net income exceeding $40,000.

Homestead Freeze for Seniors


This tax relief freezes the assessed value of the residential property based on the previous year’s value. This frozen value will remain as long as the eligible senior occupies the residence.

Homeowner must be a resident of the City of Atlanta, 65 years or older, and annual household income cannot exceed $39,000 for the preceding taxable year.

Tax Exemption for Surviving Spouses of Firefighters or Peace Officers


Savings are based on home value, and are significant.

Homeowner must be the surviving spouse of a firefighter or peace officer killed in the line of duty, and must reside at the property to which this exemption will apply.



Homeowner Assistance Workshops

The Atlanta BeltLine Partnership is partnering with Home Place Consulting to provide a series of homeowner education workshops designed to make sure existing homeowners in Atlanta BeltLine neighborhoods are equipped to take advantage of available resources to stay in their homes or knowledgeably evaluate opportunities if they are considering selling. Workshops are scheduled for October 17th and November 5th, 2016 at the Southwest Atlanta Community Empowerment Center and for October 27th, 2016 at the Fulton County Training Center. For more information on these workshops – including how to register – view our workshop flyer here, email empower@atlblp.org or call 404.446.4404.

Affordable Homes

Stanton Oaks

Atlanta BeltLine, Inc. contributed $800,000 to the complete renovation of Stanton Oaks in Peoplestown (43 homes). Located just south of Turner Field on Hank Aaron Drive, this fully renovated housing complex is on the site of the former Boynton Village Apartments.

Companions on Our Journey

Affordable housing along the Atlanta BeltLine is a shared effort and is only possible with the help of partners.

Invest Atlanta

As the redevelopment arm of the City of Atlanta, Invest Atlanta oversees the Atlanta BeltLine TAD and collaborates on housing efforts. Through the end of 2015, Invest Atlanta and ABI have helped to create approximately 1,000 affordable housing units in the Atlanta BeltLine Planning Area and more than 550 in the Tax Allocation District. Learn more about Invest Atlanta.

Enterprise

ABI partnered with Enterprise on the Affordable Housing Strategy (MITODIS), which was released in 2013. Enterprise’s mission is to create opportunity for low- and moderate-income people through affordable housing in diverse, thriving communities. Enterprise is a national organization with a local presence and deep expertise in catalysts for systemic change: impact capital, innovative solutions on the ground and transformative public policy. Learn more about Enterprise.

Atlanta Land Trust Collaborative

The Atlanta Land Trust Collaborative (ALTC) was created to maintain affordability in neighborhoods at risk for displacement and gentrification as a result of the Atlanta BeltLine development. The Atlanta BeltLine Partnership, the Atlanta Housing Association of Neighborhood-based Developers (AHAND) and the Annie E. Casey Foundation led more than 30 public, private, non-profit, and community organizations for more than two years to bring the ALTC into existence in December 2009. ALTC brings needed development expertise and capacity with a focus on permanent affordable housing and transit oriented development. Learn more about the Atlanta Land Trust Collaborative.

Habitat for Humanity Atlanta

ABI works closely with Habitat for Humanity to rehabilitate homeowner’s houses along the Westside Trail to make them safe, warm, and dry. This initiative began in 2015 and is part of a partnership with the Federal Home Loan Bank of Atlanta. Atlanta Habitat for Humanity partners with working families, sponsors, and communities to build affordable, green, quality homes and to provide support services that promote successful home purchase and ownership. Learn more about Habitat for Humanity Atlanta.

HouseProud Atlanta, Inc.

ABI also works closely with HouseProud Atlanta, Inc. on the owner-occupied rehabilitation program to help make critical repairs to homeowner’s houses along the Westside Trail. Started in 2015, this initiative is part of a partnership with the Federal Home Loan Bank of Atlanta. HouseProud’s program provides no-cost repairs to low-income seniors living in the greater downtown Atlanta neighborhoods. The primary goal of HouseProud is to keep homeowners warm, safe and dry in their existing homes. Learn more about HouseProud.

Contact Us

For questions regarding affordable housing initiatives, please contact:

James Alexander
Director of Housing Policy and Development
jalexander@atlbeltline.org
Tel: (404) 477-3557

Downpayment Assistance (ABI’s Housing Initiative Program)
atlantabeltlinehomes
@atlbeltline.org

Tel: (404) 554-0940