Well on its way to completing a banner year in 2022, the Atlanta BeltLine, Inc. (ABI) recently unveiled the finalist of its Request for Proposals (RFP) for the Murphy Crossing redevelopment project, moving the organization closer to realizing the 20-acre venture. Situated at 1050 Murphy Avenue, Murphy Crossing is a highly anticipated project in the southwest corner of Atlanta. A real[...]
Prestwick Development Company and Atlanta Neighborhood Development Partnership, Inc. (ANDP) announced a new affordable workforce housing initiative at 1055 Arden Avenue SW in the city’s Capitol View neighborhood. Thanks to the generous support of Atlanta BeltLine, Inc. (ABI) and Invest Atlanta, a total of $2 million will go towards the project through the BeltLine Affordable Housing Trust Fund. The fantastic contribution to the city’s affordable[...]
Atlanta Homes Unaffordable According to the Federal Reserve Bank of Atlanta Metro Atlanta's median home price in May set a new record at $430,000 making Atlanta homes unaffordable according to First Multiple Listing Service data. And this month, the 30-year, fixed rate surpassed 6% for mortgages for the first time since before the Great Recession. This means that the 22 metro area[...]
After countless remarkable affordable housing ventures, Atlanta BeltLine, Inc. (ABI) surpassed its 2022 goal in just four months. With a mission to provide 5,600 units of affordable housing by 2030, the organization is well on its way to completing its goal ahead of schedule. As of April 2022, ABI has provided 373 economic housing units within the BeltLine Tax Allocation District (TAD), exceeding[...]
Atlanta BeltLine, Inc. (ABI) alongside Prestwick Development Company celebrated the opening of Parkside on Atlanta’s Westside with a festive ribbon-cutting ceremony. The development allows ABI to exceed 50% of its affordable housing goal in Q2 of this year. “At the end of the day, it’s about the people,” ABI President and CEO Clyde Higgs said. “This brick and metal and wood that[...]
President Carmen Chubb with Columbia Residential joins the Atlanta Real Estate Forum Radio podcast to discuss the importance of DEI and share the company’s mission to provide affordable housing in underserved markets across the metro Atlanta area. Chubb joins host Carol Morgan on the All About Real Estate segment. A native Atlantan, Chubb’s entire career has been based in affordable housing.[...]
Atlanta BeltLine, Inc. (ABI) contributed $2 million towards Skyline Apartments, 250 affordable housing units set to rise at 1090 Hank Aaron Drive in south Atlanta. The financial closing, which took place on February 18th, puts ABI at 53% of its affordable housing goal of 5,600 units in the BeltLine TAD as outlined in the 2005 founding legislation. Situated directly on the Southside[...]
Chief Real Estate Officer Rachel Carey with Westside Future Fund joins the Atlanta Real Estate Forum Radio podcast to share how the organization supports rental housing, homeownership, financing and anti-displacement on the Westside. Carey joins host Carol Morgan on the All About Real Estate segment. A member of the organization for the last four years, Carey moved to Atlanta from New York City[...]
A new year means new homebuying opportunities, but with mortgage rates rising, what does this mean for 2022 homebuyers? According to Redfin, there will be a significant drop in affordable housing in the cities of Atlanta, Austin and Phoenix. The housing boom created in the wake of Coronavirus caused home prices to skyrocket and housing inventories to dramatically decrease. The Federal Reserve[...]
Atlanta Division President Adam Cornett with David Weekley Homes joins the Atlanta Real Estate Forum Radio podcast to discuss the home builder's unique business approach, affordable housing and more. Cornett joins hosts Carol Morgan and Todd Schnick for the All About Real Estate segment. Part of the David Weekley Homes team since 2014 and a previous division president for the Dallas[...]