The push to create housing nodes next to MARTA transit stations across Atlanta and neighboring municipalities continues to make progress.
MARTA officials announced today the development partnership of Columbia Residential and Decatur Housing Authority has closed on financing to build another phase of Transit Oriented Development next to Avondale station on the eastern fringes of Decatur, along MARTA’s Blue Line.
The project, called Decatur East Phase II, is slated to deliver 80 more units of affordable senior housing with direct access to MARTA transit. Expect one and two-bedroom units with amenities designed for seniors who have a range incomes below 80 percent of the area median income, according to project officials.
Next door, 92 units of similar housing were opened in the project’s initial phase in 2018, alongside hundreds of other apartments.
The next phase of MARTA’s Cortland Decatur East is under construction behind the standing apartments. Google Maps
An unspecified amount of financial support for the second phase is being sourced from the Georgia Department of Community Affairs, City of Decatur, Decatur Housing Authority, and DeKalb County. Decatur Mayor Patti Garrett said in today’s announcement the city is leveraging its tax allocation district, which “allows for the use of incremental tax dollars for affordable housing infrastructure,” to help make the project a reality.
Hundreds of new housing units have joined MARTA’s Cortland Decatur East in the corridor over the past several years, in both Decatur and Avondale Estates.
The trend is continuing just west of the MARTA station today, where a project called Halo East Decatur has cleared a full block to build 370 more rentals, plus retail and plaza space.
MARTA general manager and CEO Collie Greenwood acknowledged in today’s announcement that capital markets remain challenging for new developments, but that investor demand still exists for…
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