Atlanta Land Trust Breaks Ground on New Affordable Housing Community
Atlanta Land Trust Breaks Ground on New Permanently Affordable Housing Townhome Community in Atlanta’s Oakland City Neighborhood
ATLANTA, Ga. (Dec. 2, 2022) - On Dec. 1, Atlanta Land Trust (ALT) officially broke ground on a new, permanently affordable townhome community, The Avenue at Oakland City, in Atlanta’s historic Oakland City neighborhood. The project will offer 36 two and three-bedroom townhomes, of which 29 will provide permanently affordable homeownership opportunities to buyers up to 80% AMI and up to 100% AMI through the community land trust model.
A groundbreaking ceremony was held on the future development site at 1091 Tucker Avenue, just a half mile from the Atlanta BeltLine. Clyde Higgs, President & CEO, Atlanta Beltline, Inc.; Councilman Jason Dozier, City Councilmember, City of Atlanta District 4; Terra Washington, President, Oakland City Community Organization, and other local leaders attended.
“With the support and input from the Oakland City neighborhood and partnerships across public, private, and philanthropic sectors, this project will help mitigate gentrification through a comprehensive equity-driven approach connecting people, places, and quality of life,” said Amanda Rhein, Executive Director at the Atlanta Land Trust. “Through the community land trust model, these homes will remain affordable in perpetuity, creating pathways to homeownership and economic mobility today and for future generations of families where traditional homeownership is out of reach.”
The Avenue at Oakland City marks the first of three projects bringing 90 new quality, energy-efficient, permanently affordable homes to the Oakland City and East Lake neighborhoods. Atlanta Land Trust will begin construction on Phase One of the project immediately. The projects total $36 million of development funded through home sales and $11.2 million of philanthropic investment due to ALT’s successful inaugural capital campaign.
“The Avenue at Oakland City is a testament to the collaboration between private/public partnerships and the community. The tireless work between Amanda Rhein and her team and Oakland City neighbors has paid off 1,000%! Oakland City Community Organization couldn't be more thrilled to welcome this transformative development to Southwest Atlanta,” remarked Washington during Thursday’s event.
Learn more about the Atlanta Land Trust’s 2022 accomplishments and its vision for the future at their annual State of the Organization event on Dec. 14, 2022, and to support the mission of the Atlanta Land Trust.
About Atlanta Land Trust
Atlanta Land Trust (ALT) exists to deliver and steward permanently affordable housing to support inclusive, equitable communities near the Atlanta BeltLine and other targeted areas in Atlanta. As a community land trust, ALT envisions a livable, equitable, and economically viable Atlanta, where historically marginalized populations and communities of color can access and benefit from opportunities and prosper. For more information, visit atlantalandtrust.org.