Atlanta

Atlanta Launches Three New Developments in Bold Bid to Address Affordable Housing Crisis

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Published on July 30, 2024
Atlanta Launches Three New Developments in Bold Bid to Address Affordable Housing CrisisSource: Google Street View

In a bid to tackle the affordable housing crisis, Atlanta is stepping up with the announcement of three key developments that aim to bring a mix of affordability and revitalization to different parts of the city. On the roster is the much-anticipated overhaul of the Historic West End, which anchors the plan with a promise to introduce mixed-income housing, retail, and community spaces.

The City of Atlanta and Atlanta Urban Development have put forth a plan for nearly 350 affordable housing units, targeting residents earning up to 80% of Area Median Income (AMI). Projects are slated to offer a tiered approach to affordability, where at least 20% will cater to those earning 50% AMI and a further 10% to those at 80% AMI. One project is expected to begin lease-up procedures by the second quarter of 2025, with construction kicking off this fall and continuing in summer 2025, according to an announcement on the city's website.

Mayor Andre Dickens expressed optimism about the developments, particularly the Mall West End project, which aims to transform the 12-acre site into a 1.7 million square foot mixed-use area. "These projects, especially the Mall West End, represent transformative investments in Atlanta," he said, revealing an inclusive vision for both new and legacy community members.

At the heart of the West End revitalization are plans for 893 rental units, 271 of which will be affordable housing. They also include 120,000 square feet of retail space, student-targeted housing, a hotel, medical office space, and community areas like a public green space and fitness centers, shared the Atlanta Urban Development Corporation's CEO John Majors. "With affordable housing at the forefront, the West End development represents a unique opportunity to revitalize and reinvest in the West End community," Majors explained, stressing the significance of creating a more vibrant and equitable neighborhood. The project further underscores its importance by bolstering its proximity to several Historically Black Colleges and Universities (HBCUs).

Complementing the West End endeavor are two more offerings: 41 Marietta, downtown's coming mixed-income residency, will see an office building’s conversion to cater to a diverse income demographic. The Proctor, another mixed-user in English Avenue, is counting on bringing 137 units, including 41 earmarked for affordability, under the umbrella of Atlanta's quest to house its citizenry. Construction for these secondary projects is set for early 2025.