An affordable housing development is getting a much-needed boost in southwest Atlanta, with help from Invest Atlanta and the Department of Community Affairs. Phoenix House is a 69-unit affordable housing development in the Capitol View Neighborhood of southwest Atlanta, located near the Westside Trail and in the Atlanta BeltLine Tax Allocation District (TAD). The supportive-living environment provides long-term housing for those who are formerly homeless and have mental illnesses.
The redevelopment is funded through Low Income Housing Tax Credits from the Georgia Department of Community Affairs, philanthropic donations and grants, and Housing Opportunity Bond dollars from Invest Atlanta. The project is joint venture between Tapestry Redevelopment Group, 3Keys (formerly Project Interconnections) and National Housing Trust/Enterprise Preservation Corp. By 2030, Atlanta BeltLine, Inc. (ABI) and Invest Atlanta (IA) aim to create 5,600 units of affordable housing in the TAD. To date, more than 500 units have been funded by ABI/IA dollars. Construction closing has been completed on the Phoenix House, and renovations are expected to be finished by December 2017.
The housing is situated near the Oakland City MARTA station, as well as being in proximity to the Atlanta BeltLine’s Westside Trail and the future Atlanta Streetcar network. Access to transportation is a vital part of the equitable development along the Atlanta BeltLine, and affordable housing is a key part of long-term development goals.