The Invest Atlanta Board has approved $1.115 million in tax allocation district (TAD) grants to fund three small, multifamily residential projects that will increase affordability in the 的西区 community.

A $340,000 的西区 TAD Resurgens Fund Grant will assist in the current redevelopment of Paines大街400号. in the English Avenue neighborhood. The property will include six one-bedroom units leased at 60% area median income (AMI). Renovations will include ADA enhancements, utility upgrades and updates to the interior and exterior of the property. Other improvements will include reconstruction of curbs, 人行道上, 街景, stormwater management and curb cuts.

The 的西区 Future Fund, which is a place-based community organization that utilizes private and philanthropic partnerships to revitalize 的西区 neighborhoods, 收到325美元,000 的西区 TAD grant to fund a redevelopment project at 回声街613号. The project will feature seven units of affordable rental housing priced at 50-60% AMI. +, assistance from Atlanta Housing Project-Based Rental Assistance Voucher Program ensures tenants will pay no more than 30% of their income on rent.

The 的西区 Future Fund also will receive up to $450,000 in 的西区 TAD Resurgens Fund Grants to finance the stabilization and historic preservation of 日落大道220号. for affordable multifamily housing. 建于1950年, the property is a historic landmark to Atlanta’s Civil Rights Movement and was acquired in 2020 to preserve the structure. The redevelopment will include a complete interior and exterior renovation of the four original apartments and construction of an additional two-bedroom, 一个澡单位.

“I wholeheartedly support this,” says Atlanta Mayor Andre Dickens. “These are not only affordable houses–seven at a time, six at a time, 10 at a time–that all add up. This is also neighborhood revitalization…when you start fixing them up and placing residents in them at affordable rates…it has a huge amount of impact.”