Atlanta offers new batch of affordable housing incentives for developers
The Atlanta Development Authority today announced $1.5 million in low-interest loans for developers of multifamily housing who want to build affordable units.
The city’s got a long way to go toward Mayor Shirley Franklin’s goal of adding 10,000 affordable housing units in the city by 2009 — since 2005, however, Atlanta’s only seen the addition of 3,500 units. Today’s announcement may be the incentive some developers might need to pursue the vital component of a balanced urban environment in today’s market.
After the jump, view the city’s press release announcing the program. Details on how to apply for the incentives are included.