$100 Million to Preserve Transit Oriented Affordable Housing in Atlanta

Atlanta continues its commitment to ensuring affordable housing supply in the city, announcing the most recent in a series of funded programs earlier this month.

1 minute read

January 14, 2021, 6:00 AM PST

By James Brasuell @CasualBrasuell


Atlanta, Georgia

cendhika / Shutterstock

Two out-of-town investors are sending cash to the owners of affordable housing proximate to Metropolitan Atlanta Rapid Transit Authority (MARTA) stations.

"New York investment bank Morgan Stanley and a Chicago housing investor have pledged $100 million to preserve affordable housing near MARTA rail stations," reports Andy Peters in Atlanta.

"The money is limited to properties located within a mile radius of MARTA stations," according to Peters. "Building owners can borrow money to refinance mortgages, buy new properties, make building improvements and take other steps to help preserve their existing supply of affordable units."

The effort to preserve existing affordable housing units will supplement a number of efforts in the city right now to add affordable housing under the banner of the Mayor Keisha Bottom's "One Atlanta Housing Affordability Action Plan, including the "Atlanta City Design: Housing" initiative. The $100 million from Morgan Stanley and the Chicago-based National Equity Fund should not be confused with $100 million in bond funding for affordable housing, half of which was recently ratified by the Atlanta City Council.

According to Peters, MARTA also launched a program in 2019 to provide tax incentives to affordable housing developments near stations in low-income neighborhoods.

Wednesday, January 6, 2021 in The Atlanta Journal-Constitution

portrait of professional woman

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban Planner

Get top-rated, practical training

Close-up of "Apartment for rent" sign in red text on black background in front of blurred building

Trump Administration Could Effectively End Housing Voucher Program

Federal officials are eyeing major cuts to the Section 8 program that helps millions of low-income households pay rent.

April 21, 2025 - Housing Wire

Logo for Planetizen Federal Action Tracker with black and white image of U.S. Capitol with water ripple overlay.

Planetizen Federal Action Tracker

A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

April 30, 2025 - Diana Ionescu

Ken Jennings stands in front of Snohomish County Community Transit bus.

Ken Jennings Launches Transit Web Series

The Jeopardy champ wants you to ride public transit.

April 20, 2025 - Streetsblog USA

Person in yellow safety suit and white helmet kneels to examine water samples outdoors on a lake shore.

USGS Water Science Centers Targeted for Closure

If their work is suspended, states could lose a valuable resource for monitoring, understanding, and managing water resources.

15 minutes ago - Inside Climate News

Close-up of white panel at top of school bus with "100% electric" black text.

Driving Equity and Clean Air: California Invests in Greener School Transportation

California has awarded $500 million to fund 1,000 zero-emission school buses and chargers for educational agencies as part of its effort to reduce pollution, improve student health, and accelerate the transition to clean transportation.

April 30 - California Air Resources Board

Aerial view of Freeway Park cap park over I-5 interstate freeway in Seattle, Washington at night.

Congress Moves to End Reconnecting Communities and Related Grants

The House Transportation and Infrastructure Committee moved to rescind funding for the Neighborhood Equity and Access program, which funds highway removals, freeway caps, transit projects, pedestrian infrastructure, and more.

April 30 - Streetsblog USA