Atlanta BeltLine // © 2014

• In the heart of the Atlanta region

• Connects many of Atlanta’s cultural destinations

• Utilizes historic freight rail rights of way around the center of town

// Where is the Atlanta BeltLine?

Atlanta BeltLine // © 2014

33 MILES of Trails

22 MILES of Transit & Transportation Infrastructure

Historic Preservation

Streetscapes & Public Art

1,300 ACRES of Greenspace

Jobs & Economic Development

1,100 ACRES of Environmental Clean-up

// The Atlanta BeltLine: Key Elements

5,600 UNITS of Affordable Workforce Housing

Atlanta BeltLine // © 2013

// Housing

Goal:

• Create a mix of housing for a variety and mix of incomes and household types

• 30,000 total additional housing units

• 5,600 affordable workforce housing units

1st Generation (2009-2014)

• $8.8M Trust Fund capitalized

• Downpayment Assistance (86 units created) • Incentives for Developers (committed to 173

units) • Property Acquisition (see Lofts at Reynoldstown

Crossing)

• Over 500 affordable workforce units within ½ mile.

Atlanta BeltLine // © 2013

// Housing

What Worked Well?

Atlanta BeltLine // © 2013

// Housing

Challenges and Lessons Learned

• Scale: Need to double production to meet goals (~200-300 annually).

• Funding: Existing Trust Fund is 100% committed. Need to recapitalize, align with other funding sources, and establish funding and financing for land acquisition and incentives.

• Land: ABI owns land for infrastructure, but limited land for adjacent development. Increased control of land is key to ensure affordable housing and other outcomes adjacent to Atlanta BeltLine.

• Low Income Housing Tax Credit: Limited projects funded annually in the City of Atlanta

• Incentives are insufficient in high land price areas: Land and partnership with mission driven developers is key to production in these areas.