The Invest Atlanta Board has approved $3.51 million across three 泰德 grant funds to help finance projects that increase affordable housing and revitalize a commercial building along a key Atlanta corridor.
A $250,000 grant from the Eastside 泰德 Pre-Development Loan (Evergreen) was approved to begin Phase 1 of development for 360年桃树. Located on Atlanta First United Methodist Church’s surface parking lots, the 16-story building will be constructed over a shared, four-story podium building and feature the new Atlanta First Day School (AFDS) and Ansley School building, 停车场, 约5,000 square feet of retail space, as well as 170 units of housing. Housing affordability will include 42 units at 30% AMI, 85单位，AMI 50%, 19 units at 60% AMI and 24 units at market rate.
最高2美元.6 million in Pay-As-You-Go financing from the 金宝顿道泰德 along with $25 million in tax exempt bonds, will pave the way for the new construction of 布伦特伍德共用. 现代, 113 -单位, three-story housing development will bring workforce and affordable housing to the Campbellton Road neighborhood. Affordability will include 36 units at 50% AMI, 54 units at 60% AMI and 18 units at 80% AMI. Five units will be sold at market rate.
A Westside 泰德 Resurgens Fund totaling $660,000 will aid in the renovation of a commercial building in the Vine City neighborhood. 该物业，位于 201约瑟夫·E. 阴暗的, is owned by experienced entrepreneurs with roots in the neighborhood who are wanting to operate their businesses from a single location. The original house was constructed in 1930 and a large addition was completed in 1961. The property has been vacant for more than 15 years. The total leasable space is approximately 11,724平方英尺, and the owners will lease 8,400 square feet for their financial services, 会计, martial arts and nonprofit businesses. Up to 16 spaces of various sizes will be created for small businesses with compatible services, and there will be roughly 1,600 square feet of meeting/event space available.