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.
FULL STORY: Around Atlanta's new Westside Park, range of affordable housing planned
Norfolk's 'Missing Middle Pattern Book' Aims to Streamline Permitting for Multi-Family Housing
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Pennsylvania Mall Conversion Bill Passes House
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LA Metro Board Approves New 710 Freeway Plan
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Austin’s Proposed EV Charging Rules Regulate Station Locations, Size
City planners say the new rules would ensure an efficient distribution of charging infrastructure across the city and prevent an overconcentration in residential areas.
Making California State Parks More Climate-Resilient
A recently released report offers recommendations for keeping state parks healthy and robust, including acquiring additional land for conservation and recreation.
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Licking County
Barrett Planning Group LLC
HUD's Office of Policy Development and Research
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HUD's Office of Policy Development and Research
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City of Universal City TX
ULI Northwest Arkansas
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