Pre-leasing new affordable housing units on the Beltline

The Milton is now pre-leasing 156 new affordable apartments. Located at 55 Milton Ave SE in the Peoplestown neighborhood, these 1-, 2-, and 3-bedroom apartments target individuals and families earning between 50-70% of Area Median Income (AMI). All units are furnished with granite countertops, stainless steel appliances, and LVT flooring. The site amenities include a community room, an equipped computer center, a fitness room, a wellness center, community gardens, and a playground. In addition to affordable housing opportunities, The Milton will provide connectivity via the Atlanta Beltline Southside Trail to the Schools at Carver and D. H. Stanton Park. It will also be convenient to MARTA’s future Bus Rapid Transit line through Summerhill to Downtown. The anticipated move-in date will be late March or early April.

Interested potential residents can email:

Kaniesha Franklin, manager

Milton55mgr@elmingtonpm.com

Milton55leasing@elmingtonpm.com

All 156 units are dedicated to affordable housing units at the following levels of Area Median Income (AMI):

• 50% AMI – 46 units

• 60% AMI – 87 units

• 70% AMI – 23 units

To learn more about AMI, read: Affordable housing: Area Median Income and what it means.

Atlanta Beltline, Inc. (ABI) is committed to ensuring that all residents can benefit from the activities and growth associated with the Atlanta Beltline. Affordability is a key component of this vision, and ABI has a goal of creating or preserving 5,600 affordable housing units within the Atlanta Beltline Tax Allocation District (TAD) through the end of 2030. While not a housing agency, ABI works closely with multiple partners to realize its affordable housing goal and provides financial contributions to affordable housing  developments from the Atlanta Beltline Affordable Housing Trust Fund (BAHTF) and from the Beltline TAD increment.  To date, 2,727 units have been created or preserved within the TAD – and another 1,706 in the Beltline Planning Area – resulting in 4,433 affordable units within walking distance to the Beltline corridor.

The Milton received $2 million from the Beltline Affordable Housing Trust Fund. The developer, Prestwick Companies received a tax-exempt loan from Invest Atlanta’s Urban Residential Finance Authority, as well as funds from Partners for Home, project-based vouchers from Atlanta Housing, a tax credit allocation from the Georgia Department of Community Affairs, and additional funding from Truist, and Grandbridge.

In addition to creating or preserving affordable housing, ABI, in partnership with the Atlanta Beltline Partnership, aims to help eligible long-term residents in Beltline neighborhoods remain in their homes through the Legacy Resident Retention Program, a grant program that pays any increase in property taxes through tax tear 2030. To learn more, visit our beltline.org/retentionfund, call (678) 718-5469, or email retentionfund@atlblp.org.