On a long-struggling corner of English Avenue, a major infusion of cash is finally lining up to turn boarded-up apartments into badly needed homes.
Westside Future Fund says it has secured roughly $47 million to build North & Oliver, a 120-unit affordable rental development planned for the English Avenue neighborhood at the intersection of North Avenue and Oliver Street. The nonprofit and its partners envision four residential buildings plus a standalone community building with on-site amenities for families and workers. Organizers say the project will replace blighted, shuttered apartments and reserve units at varying Area Median Income levels. Construction is expected to last about 18 months, with an opening targeted around 2028.
According to Atlanta Business Chronicle, Westside Future Fund has secured the roughly $47 million needed to move North & Oliver into a construction-ready phase. That reporting outlines the basic financing announcement and the project's growing public profile.
Project details
Invest Atlanta materials list the site as 851 North Avenue NW and include an inducement resolution to issue up to $12.75 million in tax-exempt multifamily revenue bonds to help finance North & Oliver. Plans call for 120 apartments across four buildings plus a standalone community facility, with a mix of one to three bedroom homes targeted at households from deeply affordable to workforce incomes, per Invest Atlanta.
Funding and timeline
The roughly $47 million budget will be financed with Low-Income Housing Tax Credit equity, tax-exempt bonds and local Westside TAD support, according to developer materials. Urbanize Atlanta reported that Invest Atlanta approved a $4 million Westside TAD grant for the site and that the project is expected to open in 2028 after roughly 18 months of construction. Developer résumés also describe a LIHTC and soft-funds capital stack (developer materials).
Why it matters
North & Oliver is the latest piece of a broader push to stabilize the Historic Westside and keep legacy residents in place as redevelopment accelerates. Westside Future Fund opened two deeply affordable projects in English Avenue this year and has previously acquired and cleared the Oliver Street site, completing demolition and soil remediation by late 2025, per the nonprofit and local reporting. The work ties into the city's affordable-housing goals and the Westside Land Use Framework that guided neighborhood priorities, adding both homes and neighborhood-serving amenities to the corridor (SaportaReport).
What’s next
Final bond closings, state tax-credit allocations and building permits still need to fall into place before ground is broken, and the timing will hinge on those approvals and final closings. Neighbors and housing advocates will be watching for details on tenant selection, community benefits and the project's capital stack. We will be tracking filings with Invest Atlanta as the project moves toward construction.
