The first phase of The Avenue at Oakland City, our first townhome community, is almost sold out! Construction is progressing well on Phase I at The Trust at Oakland City and The Trust at East Lake, which is expected to be completed in early fall.
It’s only mid-year, and we have already welcomed 16 new homeowners to the Atlanta Land Trust. We recently started constructing four homes in Vine City and English Avenue on property acquired from Invest Atlanta in May. We now have 60 homes in trust, 115 under development, and 170 prospective units. Our available listings can be found here.
We welcomed Randall Frazier to the team in June as our new Director of Finance.
In July, we closed on a $2.3 million forgivable loan from the Community Foundation for Greater Atlanta’s new Together ATL Affordable Housing Fund. This grant will support the development of 43 permanently affordable homes.
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