Mayor Bottoms has announced that Invest Atlanta has partnered with the Department of City Planning to issue a request for proposal for the redevelopment of 104 Trinity Avenue SW.
The 1.3 acre city-owned parcel of land is currently vacant and is located across from City Hall. The proposal inquires for a developer to use the land to create affordable housing “focused on lifestyle affordability, mix of incomes and use, sustainability and more.”
Some of the objectives for the project include sustainability, affordability and a mixed-use approach for both residents and the downtown community.
“Activating and redeveloping public land expands access to affordable housing for all who wish to call Atlanta home,” said Mayor Bottoms in the press release. “To have this physical, tangible commitment to housing equity literally across the street from Atlanta City Hall should serve as a reminder that Atlanta is a city for everyone.”
The redevelopment is a part of Mayor Bottoms’ 2019 One Atlanta: Housing Affordability Action Plan.
According to the City of Atlanta’s website, in 2017, Atlanta was the third fastest growing metropolitan area in the United States. As the population has continued to grow, many long-term residents have faced challenges finding affordable housing.
Much of the new residential development has focused on more luxury-style units.
Between 2000 and 2017, Atlanta’s median rent increased by over 70%, yet the median income only increased by 48%. In 2016 alone, more than half of residents were considered housing cost burdened.
In Mayor Bottoms’ 2019 plan, the goal is to create or preserve 20,000 affordable homes by 2026.