"BeltLine Affordable Housing Trust Fund (BAHTF)" was presented by Kate Little at the Bringing Workers Home regional forum in Atlanta, June 2010, as part of the growing cost of place panel
2. The BeltLine is in the heart of the Atlanta region & utilizes historic freight rail ROW circling the City. WHERE IS THE BELTLINE?
3.
4. 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
5. FRAMING THE AFFORDABLE HOUSING CHALLENGE Critical Economic & Quality of Life Links: Transit Housing Jobs
6. 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
7.
8. 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