Affordable Housing Fund Boosts MARTA TOD Program Written by Marybeth Luczak, Executive Editor
The aim of the Greater Atlanta Transit-Oriented Affordable Housing Preservation Fund is to incentivize and provide gap funding for owners and landlords of affordable units near MARTA rail stations.
Morgan Stanley and National Equity Fund (NEF) are establishing a $100 million fund to support the long-term preservation of affordable housing within a one-mile radius of Metropolitan Atlanta Rapid Transit Authority (MARTA) rail stations, MARTA reported. It will help boost the agency’s transit-oriented development (TOD) program.
The aim of the Greater Atlanta Transit-Oriented Affordable Housing Preservation Fund is to incentivize and provide gap funding for owners and landlords of affordable units. It can be used to acquire real estate, to pay off an existing first mortgage, restructure existing gap financing or invest in minor capital impro