The Atlanta Beltline has announced the creation of more affordable housing.
Atlanta BeltLine Inc. said a new 91-unit senior housing development on the Westside Trail is in the works.
“Through a $500,000 BeltLine Affordable Housing Trust Fund loan from Invest Atlanta to The Woda Group, Inc. and Parallel Housing, Inc., this investment will help fund affordable housing projects in the Adair Park Historic District,” ABI said in a press release.
ABI says 85 percent of those units will be affordable. The rest will be market rate.
“Affordable housing is an essential component of the Atlanta BeltLine and communities like Adair Court help maintain the diverse and inclusive fabric of Atlanta,” Mayor Keisha Lance Bottoms said. “Building an equitable Atlanta Beltline depends on developments like this to help increase access to quality, affordable housing. This announcement is another significant step forwardin ensuring the residents of the Adair Park Historic District can share in our city’s success.”
According to ABI, more than 2,600 affordable housing units have been developed along the Beltline since 2006.
The BeltLine has previously tried to improve affordable housing options in the area but has failed to meet all of its goals. Still, the push for more affordable housing has continued. Last fall, the Atlanta City Council enacted “inclusionary zoning” to require developers to build lower cost units.