Another affordable housing project is getting underway on the southwest side of Atlanta.
Why it matters: Skyrocketing housing costs and gentrification are making it hard for long-time Atlanta residents to remain in their communities.
The latest: Sylvan Hills II will include 233 affordable housing apartments and townhomes built on the site of the former Sylvan Circle Apartments.
- This project will sit near a 184-unit affordable housing development for older residents that opened two years ago.
What they’re saying: Alan Ferguson, chief housing and real estate officer for Atlanta Housing, said at a groundbreaking event Tuesday the type of units offered in the new development will range from “efficiencies” to three-bedroom layouts.
- “What you see here is today is a result of the shared values, the common vision and innovation and belief, and what’s possible when you work together,” Ferguson said, adding the project is funded through a public-private partnership.
Zoom in: Rents will range from $1,149 to $2,100, according to Atlanta Housing.
- 24 units will be reserved for two-income households making around $45,700 or 50% of the Atlanta region’s area median income;
- 93 units will be for tenants who make 60% of the AMI ($54,840); and
- 116 units will be for those who bring in 80% of the AMI ($73,120).
Where is Sylvan Hills: The neighborhood, which is majority-Black, is bordered by Langford Parkway to the south, Lee Street to the west, the Downtown Connector to the east and Deckner Avenue to the north…