Invest Atlanta, the City of Atlanta’s development authority, recently announced the creation of a $15 million transit-oriented development (TOD) fund. The $15 million pilot fund will provide below-market capital to support the acquisition and eventual development of workforce housing near MARTA stations, the Atlanta Streetcar and the Atlanta Beltline. Invest Atlanta also mentioned in their announcement “other modes of transit” but it is unclear what those could be.
The fund comes from different sources – $4.5 million from the City of Atlanta Housing Opportunity Bond financing and an additional $10.5 million from the Enterprise Community Loan Fund and Low Income Investment Fund.
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