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.
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