The Atlanta Housing Authority and Atlanta BeltLine, Inc. have entered into a Memorandum of Understanding to advance common affordable housing goals. With this partnership, AHA and ABI will leverage the resources of both agencies to invest in more affordable housing incentives along the Atlanta BeltLine. The MOU represents up to $45 million of investment in affordable housing between both agencies and provides a framework in which ABI can assist AHA in planning and infrastructure implementation. The agreement creates a land acquisition partnership between the agencies and facilitates collaboration on housing development and financing, potentially creating hundreds of additional affordable units around the corridor.

“AHA is proud to be the lead partner with stakeholders in housing affordability and community development in the City of Atlanta,” says Catherine Buell, President and CEO of the Atlanta Housing Authority.

“Affordable housing is a team effort,” said Paul Morris, President and CEO of Atlanta BeltLine, Inc. “Partners like the Atlanta Housing Authority help us ensure that affordability continues to be at the forefront of the Atlanta BeltLine so that everyone has the opportunity to call Atlanta their home.”

The Atlanta BeltLine TAD has committed more than $13 million to date for affordable housing initiatives. In 2016, ABI committed an additional $15 million of Tax Allocation District revenue and bond proceeds to affordable housing over the next three years. AHA will commit up to $30 million for affordable housing developments along the Atlanta BeltLine. The MOU is effective for five years beginning June 16, 2017.