22 Feb Atlanta BeltLine Mixed-Income Transit-Oriented Development Strategy (MITODIS)
Location: Atlanta, GA
Client: Atlanta BeltLine, Inc. and Enterprise Community Partners, Inc.
KB Advisory Group conducted an extensive analysis of BeltLine’s mixed-income transit-oriented development implementation strategy (MITODIS). We examined the BeltLine planning area’s demographic characteristics, the need for affordable housing around the BeltLine, and how current programmatic policies of the BeltLine Affordable Housing Trust Fund worked to administer the BeltLine’s affordable housing funds. We also prepared a series of pro forma models for testing various program alternatives. We also revised the forecast on likely TAD funds generated by the BeltLine TAD over the coming decade. All of this research supports a set of recommendations on potential modifications to the BeltLine affordable housing efforts.
The project included three major components: 1) analyzing the baseline conditions for housing along the BeltLine, including demographic trends, an inventory of the housing supply, an analysis of land prices throughout the BeltLine, and a forecast of the future supply and demand of affordable housing; 2) analyzing affordable housing programs and incentives to understand what strategies are effectively creating affordable housing and what “gaps” in financing are limiting affordable housing production; and 3) producing detailed pro forma models that allow the BeltLine, its partners, and developers to analyze deal structures with complex layering of incentives and subsidies. The work provides for determining the most effective mix of strategies to produce workable financing structures for a wide variety of housing types along the BeltLine.