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Sizable Investments in Affordable Housing Continue

The Invest Atlanta Board has approved more than $57 million in funding for several affordable housing developments throughout Atlanta. These investments will continue to move the city closer to its goal to build and preserve 20,000 units of affordable housing by 2026.

Brentwood Commons

A $25 million tax-exempt loan, along with an additional $1.5 million Housing Opportunity Bond Fund loan, will finance the new construction of 112 multifamily housing units. Located in the Campbellton Road neighborhood, Brentwood Commons will feature workforce and affordable housing, including 36 units at 50% area median income (AMI), 52 units at 60% AMI, 18 units at 80% AMI and six units at market rate.

Villages at Carver

A $27.2 million tax-exempt loan will finance the acquisition and rehabilitation of 220 multifamily housing units in the Villages at Carver neighborhood in South Atlanta. More than half of the units will be made affordable, including 110 units at 50% AMI and 44 units at 60% AMI.

The Simpson

An approved $4 million from the 2023 Housing Opportunity Bond Fund will finance the new construction of 136 multifamily housing in the Vine City community. Located on Joseph E. Boone Boulevard, The Simpson will feature 39 units at 30% AMI, 58 units at 60% AMI and 42 units at 80% AMI.

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