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Transformation Alliance

This document is intended to serve as a resource guide for potentially available financial and programmatic resources in support of affordable housing development and preservation.

Focused primarily on automobile dependent populations using stations located in underinvested neighborhoods primed for ?catalytic? TOD investments.

In June 2013 Enterprise Community Parners awarded Tapestry Development Group a grant to explore possibilities for implementing equitable Transit-Oriented Development (TOD) in Atlanta. T

The Atlanta Regional Commission (ARC) contracted with the team of PTV NuStats, GeoStats and PB Americas, Inc to conduct a comprehensive study of the demographic and travel behavior characteristics of residents within the 20-county study area. The purpose of the 2011 Regional Travel Survey was to improve the ARC travel demand forecasts, in both its aggregate four-step trip-based model and its disaggregate activity-based model.

Comprising of the smallest area by square foot, Atlantic Station is home to 2,500 jobs. However, Atlantic Station pulls employees mainly from the inner suburbs and areas such as Midtown and along I-20, as 51% percent of the commute trips are less than 10 miles.

Powerpoint slides from Amanda’s TEDx presentation.

Investments in transportation infrastructure can catalyze regional growth and improve mobility. Given limited public funds, public officials and transportation planners have increasingly recognized the benefit of coordinating transportation investments with land use, housing and economic development investments and policies.

Development patterns directly relate to a community?s strength. Individual families, the local economy, municipal governments and the environment all benefit when well-located housing, jobs and other necessary resources are connected by efficient transportation and infrastructure networks. Equitable transit-oriented development (eTOD) is an important approach to facilitating these connections.

If passed, the Transportation Investment Act (TIA) one penny sales tax will be the largest transportation investment in metropolitan Atlanta in recent history.

Regions across the United States are expanding public transportation systems to allow more residential choices, improve access to employment centers, reduce traffic congestion and lower levels of greenhouse gas emissions. Transportation accounts for nearly one-third of our country?s energy consumption.

Two and a half years ago, our committee came together to develop the Metro Atlanta Equity Atlas (MAEA) ? an up-to-date, easily accessible data resource capable of supporting equity work on the ground. We had been impressed with what Portland and Denver civic leaders achieved with their equity atlases and knew the potential for such a tool in Atlanta.

During the past two decades, transit-oriented development (TOD) has emerged as a powerful tool for creating liveable communities near good public transit through the development of dense housing, work places, retail and other community amenities. As demand for liveable communities grows, land values near transit increase, which can sometimes lead to gentrification.

Transit-oriented development is relatively dense development designed to maximize non-motorized access to transit and improve quality of life. TOD is typically the area within ? mile from an existing or proposed transit station. TOD is an important growth management tool for the City of Atlanta and the Atlanta region for promoting smart growth, revitalizing neighborhoods, and making efficient use of the City?s transit investments, and reducing the negative impacts of suburban sprawl.

Sponsor Eligibility Apartment and condominium communities that are City of Atlanta water customers. – Up-to-date on water bill payments – Has water and sewer account with DWM – Complete a multifamily toilet rebate application – Purchase all fixtures and arrange for/pay for installation – Provide proof of purchase for 1.28 gpf or less, WaterSense replacement […]

Sponsor Eligibility AHA will evaluate the relevant previous experience and qualifications of the Owner in owning or developing multifamily real estate. The proposed Owner must demonstrate prior ownership experience in multi-family rental housing projects. Types of Projects Funded City of Atlanta, or 10 miles outside The Project Proposal must cover at least ten units. The […]

Sponsor Eligibility Must be a GA Power Customer. Must use an approved contractor and assessor Types of Projects Funded Existing SF or MF in GA Power territory Funds Available Per Project 20%, 25%, 30% energy reduction goals; $925 in incentive per unit maximum or 50% installed cost; whole house approach – 30% savings, $1100 per […]

Sponsor Eligibility No requirements noted; project/property requirements below. Types of Projects Funded Automatic Eligibility method, the parcel must be located in one of the Economic Development Priority Areas, as adopted in the New Century Economic Development Plan. OR Property must be located in an area demonstrating pervasive poverty, unemployment, general distress and underdevelopment. New Construction […]

Sponsor Eligibility Developer must have experience commensurate with scope of project and financial capacity. Types of Projects Funded New Construction or Acquisition and Rehabilitation. Minimum of 75 units and $5MM in Total Development Costs. Any tax-exempt bond funds allocated pursuant to this program must be used to provide permanent financing for the development. City of […]

Sponsor Eligibility Each Project Team must demonstrate the qualifications necessary to successfully own, develop and operate a proposed tax credit project. Types of Projects Funded New Construction Preservation Affordability Requirements 15 year initial affordability + 15 year extended use period. Qualified Contract opt out option. 20-50 Minimum Tax Credit Set-aside: At least 20% of the […]

Sponsor Eligibility 10% of the available 9% Credits are set aside for non-profit- sponsored Applications. – 51% ownership of GP Interests – NPO must materially participate Each Project Team must demonstrate the qualifications necessary to successfully own, develop and operate a proposed tax credit project. Applicants will be limited to direct or indirect Ownership/Development interest […]