The city of Atlanta has allocated $11.9 million of its $45 million budget for the Beltline for affordable housing.
"The Atlanta Beltline’s fiscal 2020 housing budget now includes an $11.9 million line-item specifically for affordable housing development," reports Josh Green.
Of that total, $9 million "will be earmarked for land acquisition and other pre-development, which should allow the Beltline to 'influence outcomes for affordability on a larger scale,' for a longer period of time," according to Green's reporting of the official statement announcing the funding.
Atlanta Beltline Inc. is charged with creating 5,600 affordable housing units within the project’s tax allocation district by 2030.
FULL STORY: Beltline announces its largest push ever for affordable housing in fiscal 2020
An Investigation of Affordable Housing Failure on the Atlanta Beltline
An investigative collaboration between the Georgia News Lab and The Atlanta Journal-Constitution has produced a scathing critique of Atlanta Beltline Inc., the organization shepherding one of the nation's most ambitious public works projects.
Beltline Surpasses Annual Affordable Housing Goal
The Atlanta Beltline agency is actively working to prevent the displacement of longtime residents along the trail system, where property values are rising rapidly.
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