48 new affordable housing units coming to west side of Atlanta Beltline

ATLANTA, Ga. (CBS46) – Shontay Smith is a single mom of 4 struggling to seek out an reasonably priced place to stay.

“Hire is just too excessive. There’s nowhere reasonably priced to stay,” Smith stated. “It’s simply actually, actually exhausting.”

Proper now she’s staying with a good friend after shifting out of a rundown, rat-infested condominium in southwest Atlanta. Though Smith has a full-time job, she says it’s nonetheless exhausting to seek out an condominium in her worth vary.

“You’ll be able to have a job making greater than minimal wage and solely be capable to pay your lease. No meals, no garments, no trip, no automotive insurance coverage, nothing,” Smith stated.

However a brand new reasonably priced housing complicated coming to the west facet of the Atlanta beltline might assist households like Smith’s.

“We wish to guarantee that we preserve this a really reasonably priced place to stay,” CEO of Atlanta Beltline Inc. Clyde Higgs stated.

A current $2 million funding by Atlanta Beltline Inc and Make investments Atlanta helps to deliver 58 new condominium models to 1055 Arden Avenue.

Forty-eight models will probably be saved reasonably priced for the subsequent 65 years.

“It actually means there’s going to be 48 extra alternatives for households to be near facilities, near a transit cease, and clearly near the beltline. So we take a look at it as affect for actual individuals,” Higgs stated.

The models will run at 50 to 60 p.c of the “space median revenue.” That means proper now a one-bedroom condominium would value about 1-thousand {dollars} a month.

“Lower than a thousand, that will actually, actually assist,” Smith stated.

For extra data on the brand new housing at 1055 Arden click on HERE.

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