You will likely find many of your inquiries addressed here with the answers to our most frequently asked questions. If you do not find the information you are seeking, we invite you to reach out to us directly.
What is the Atlanta BeltLine doing to provide more affordable housing right now?
- Working with the City to implement Inclusionary Zoning (IZ), which went into effect in January 2018. IZ requires that any multi-family rental developments above 10 units include 10% affordable units (at 60% AMI) or 15% affordable units (at 80% AMI). As more of the Atlanta BeltLine is built, more housing supply will be built to meet demand. Mandatory IZ will ensure these new developments include affordable units.
- Strategically selling off old railroad land not needed for trail or transit with a requirement for affordable units tied to the land.
- Incentivizing developments with affordable units in the Tax Allocation District (TAD) with BeltLine Affordable Housing Trust Fund dollars.
- Conducting a Community Stabilization Tax Relief Fund study and exploring the possibility of a pilot program. Protecting residents is paramount.
- Putting together a strategy to use private dollars to buy land for affordable housing sites.
- Updating master plans and working with the City to include affordability in zoning policies.
Why hasn’t ABI done more to stay on track towards its goal?
- By working with our housing partners, ABI is on track to meet its goal.
- ABI’s housing partners are critical. ABI is not a housing agency. We work with powerful stakeholders and partners across the city – such as Invest Atlanta, Atlanta Housing Authority, Georgia Department of Community Affairs, City’s Department of Planning, and the development community.
- The TAD, ABI’s funding source for affordable housing, was expected to yield $240 million through 2025. It has only yielded $25 million, or 10% of the original projection.
- The 2005 Redevelopment Plan assumed that ABI would bring financial resources (through bond issues every 3 – 4 years), affordable housing expertise, and collaboration skills to facilitate public/private teams to assist in achieving goals.
- The Atlanta BeltLine was never intended to be implemented by any single entity. The original legislation contemplated that the full program would need many public, private, and not-for-profit partners.
How does ABI define affordability?
- ABI’s goal is to create and preserve:
- Rental housing for families earning up to 80% of the U.S. Department of Housing and Urban Development (HUD) area median income (AMI)*
- Home ownership for families earning up to 120% of the area median income
- A balanced mix of rental and owner-occupied housing units, distributed around the Atlanta BeltLine
- Implementing strategic measures to ensure the retention of affordable housing options and legacy residents
- ABI must also work closely with State and City agencies and Atlanta Housing Authority to ensure a mix of affordable housing to residents earning up to 60% of the median income.
* Notes on AMI:
- In 2018, the median income for a family of 4 is $74,800 per year.
- That means that families earning 60% of median income earn $44,880 per year.
- A family working two full-time jobs at minimum wage ($7.25 / hour) earns $30,160 per year.
How can I live on the Atlanta BeltLine?
Affordable housing is a cornerstone of the Atlanta BeltLine vision, and Atlanta BeltLine, Inc. and its public agency partners are committed to securing quality affordable housing for everyone who wants to live in our city. Our goal is to create 5,600 units of affordable workforce housing over twenty-five years. If you are interested in buying a market-rate home along the Atlanta BeltLine, there are a variety of of available listings, though many of these homes will fall outside of the financial limits associated with downpayment assistance programs.
How can I stay in my home on the Atlanta BeltLine?
The Atlanta BeltLine is committed to keeping residents informed of financial opportunities that can help make living along the Atlanta BeltLine affordable. This includes a comprehensive list of organizations and programs that can help current residents remain in their homes. Learn more about programs designed to maintain affordability for current residents