Kate Little, BeltLine

BELTLINE AFFORDABLE HOUSING TRUST FUND (BAHTF)

The BeltLine is in the heart of the Atlanta region & utilizes historic freight rail ROW circling the City. WHERE IS THE BELTLINE?

[object Object],[object Object],[object Object],[object Object],[object Object],WHAT IS THE BELTLINE? ATLANTIC STATION

Trails 33 miles Affordable & Workforce Housing 5,000 Units Existing Communities & Historic Preservation Public Art & Streetscapes Parks 1300 + new acres Jobs & Economic Development 20 areas, 30k jobs Environmental Clean-up 1100 + acres WHAT IS THE BELTLINE? Key Elements Transit 22-mile loop

FRAMING THE AFFORDABLE HOUSING CHALLENGE Critical Economic & Quality of Life Links: Transit Housing Jobs

FRAMING THE AFFORDABLE HOUSING CHALLENGE Atlanta Median Incomes Source: Atlanta Regional Commission < $24,431 $24,031 - $34,023 $34,023 - $48,891 $48,891 - $78,479 $78,479 - $236,931 Regionally, 2/3 of all jobs pay less than $40,000 MICI 2 1 in 4 Atlanta households earn below 30% AMI ($15K-$21K) 2007 ESRI Almost half of Atlanta households earn below 60% AMI ($29K-$42K) 2007 ESRI

FRAMING THE AFFORDABLE HOUSING CHALLENGE ,[object Object],[object Object],[object Object],[object Object],[object Object],Service sector jobs are fastest growing! 37% of all jobs in Atlanta are in the lowest-paying job sectors:

FRAMING THE AFFORDABLE HOUSING CHALLENGE Transit in Atlanta – Transportation costs Double-Whammy: Families with household incomes between $20,000 - $50,000 spend 32% of their income on transportation MICI 2 57% of households in Fulton County do not have access to transit MICI 2 61% of incomes are spent on housing and transportation MICI 2

WHAT IS BAHAB? ,[object Object],[object Object],[object Object],[object Object],[object Object]

LEGISLATIVE FRAMEWORK ,[object Object],[object Object],[object Object],[object Object],[object Object]

BAHAB GUIDING PRINCIPLES ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

BAHTF POLICY FRAMEWORK - OUTLINE ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

MAJOR BAHTF COMPONENTS ,[object Object],[object Object],[object Object],[object Object]

AFFORDABLE TO WHOM? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

WHAT KIND OF HOUSING? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

WHERE WILL HOUSING BE LOCATED? ,[object Object],[object Object],[object Object]

HOW CAN WE SUSTAIN AFFORDABILITY? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

HOW CAN WE MITIGATE DISPLACEMENT*? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],* These recommendations would require additional feasibility analysis and implementation by partners other than BAHAB and ABI.

Kate Little, BeltLine

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Kate Little, BeltLine