Fifteen percent of all BeltLine Tax Allocation District (TAD) net bond proceeds will be set aside in a BeltLine Affordable Housing Trust Fund to be used for affordable workforce housing within the TAD boundaries. Over the 25-year life of the project, this amount is estimated to be $240 million and is expected to generate approximately 5,600 workforce housing units.
The BeltLine Affordable Housing Advisory Board (BAHAB) has been created through Atlanta BeltLine, Inc. (ABI) to develop recommendations for how these funds can best be leveraged. Additionally, the BeltLine Partnership (BLP) is working with other organizations to identify ways to mitigate economic displacement in communities outside of the TAD boundaries.
Click here to see updates and documents on affordable workforce housing initiatives.