Atlanta BeltLine Inc. Tops Affordable Housing Goal for 2023, Expands Land Acquisition Strategy

In a January 30th press release, the Atlanta BeltLine Inc. (ABI) provided very positive updates on its affordable housing goals. ABI’s bigger picture goal is to create 5,600 affordable housing units by 2030. They have already achieved 63% of that inventory, or 3,555 homes, to date.

In 2023, ABI reports that 407 affordable homes were created in the BeltLine’s Tax Allocation District, surpassing the year’s goal by 31%. Some of these projects included:

  • 29 new affordable townhomes in the Avenue at Oakland City – 13 reserved for 80% AMI and 16 reserved for 100% AMI
  • 54 re-purposed apartments at the Ralph David House in Reynoldstown – reserved for 30% AMI or less
  • 42 affordable for-sale homes in The Trust at Oakland City
  • 49 new apartments at The Vivian in Capital View alongside the Southside Trail corridor – reserved for 80% AMI or less
  • 201 new homes at GE Tower Apartments – reserved for 60% AMI or less

Nearly 500 additional homes are in the 2024 pipeline.

So far, ABI has acquired nearly 90 acres of land as a part of its land acquisition strategy, including 20 acres in 2023. Some of these deals included 13.7 acres in Pittsburgh Yards (Southside BeltLine), 6.3 acres in Grove Park (Westside BeltLine), and a mixed-use development near the Lindbergh MARTA station.