The Atlanta Beltline agency is actively working to prevent the displacement of longtime residents along the trail system, where property values are rising rapidly.
The Atlanta Beltline met its goal of creating or preserving 300 or more affordable housing units along its trail network in 2024, reports Kristal Dixon in Axios. Atlanta Beltline Inc. says it created 569 units in 2024 and is on track to surpass its goal again in 2025. “The Beltline has also reached 74% of its goal to preserve or create 5,600 affordable housing units by 2030 along targeted areas around the corridor.”
According to Dixon, “Part of that work includes making sure residents aren't displaced due to gentrification spurred by the Beltline coming to their neighborhoods.” The agency has helped 250 homeowners to date who might otherwise be at risk of displacement through its Legacy Resident Retention Program, which “helps offset rising property taxes for people who owned their homes before March 2017 and make no more than 100% of the metro area median income, which is $75,300 for one person and $86,000 for two people.”
FULL STORY: Atlanta Beltline exceeds affordable housing goals for 2024
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