The 65 new units will include single-family homes with ADUs, duplexes, and fourplexes, according to Invest Atlanta.
According to Invest Atlanta, the city's development agency, a recent $2.6-million financing deal by Urban Oasis Catalyst LLC "should translate to an array of affordable housing types being built in neighborhoods near the new Westside Park, just as the city seeks more inventive ways to introduce single-family housing on available land." Josh Green reports that Urban Oasis plans to develop 12 acres of vacant land and five vacant homes into 65 new housing units for sale and rent. "Through a partnership with Atlanta Land Trust, 30 of the home options will be locked in as permanently affordable housing, officials said."
Based on illustrations provided to Urbanize Atlanta, the homes will include duplexes, fourplexes, and Accessory Dwelling Units (ADUs). Urban Oasis has "engaged community stakeholders, such as the Grove Park Neighborhood Association, that have unanimously supported the plans to introduce for-sale affordable housing."
Homebuyers who earn 80 percent or less of Area Median Income (AMI) will also "be eligible for $20,000 in down payment assistance, via a new Perry Bolton TAD Mortgage Assistance Program," while those earning between 80 and 120 percent of AMI "will be eligible for $10,000 in down payment assistance."
The project is slated for completion in 2023.
Read the full story: Around Atlanta's new Westside Park, range of affordable housing planned
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