An Innovative Affordable Housing Development with 233 Units is Underway in Atlanta’s Sylvan Hills Neighborhood
ATLANTA, GA – A groundbreaking affordable housing development is underway in Atlanta’s Sylvan Hills neighborhood, marking a significant step forward in equitable, community-centered development. Sylvan Hills II will deliver 233 newly constructed affordable units serving households earning between 30% and 80% of the Area Median Income (AMI)—achieved without the utilization of traditional Low-Income Housing Tax Credits (LIHTCs).
The development team’s approach reflects a model for inclusive growth and economic mobility in Atlanta. The project leverages deep public-private partnerships between Atlanta Housing, Atlanta Neighborhood Development Partnership (ANDP), EQ Housing Advisors, Radiant Development Partners, and TCE Development to deliver urgently needed housing in a high-opportunity corridor.
Project Highlights:
- Location: Sylvan Hills neighborhood, Atlanta, GA
- Total Units: 233 affordable housing units
- AMI Target: Households earning between 30% and 80% of AMI
- Financing Structure: Eight-layer capital stack without LIHTCs
- Financial Support: HUD, Walker & Dunlop, Atlanta Housing, City of Atlanta, Community Foundation for Greater Atlanta, Invest Atlanta, Partners for Home, ANDP
Sylvan Hills II stands as a powerful testament to what’s possible when mission-aligned partners come together with creativity, trust, and a shared vision for inclusive growth. The 233-unit multifamily apartment community offers various styles, including garden apartments, carriage homes, and townhomes. Notable features include energy-efficient appliances and low-flow fixtures. Amenities include an on-site management office, community room, outdoor areas, a playground, and walking paths– creating a more sustainable and healthier environment for residents.
Representing one of the most collaborative financing structures seen in recent affordable housing efforts across the region, the project illustrates a path forward for municipalities and developers seeking alternative models to deliver urgently needed affordable housing. As housing affordability continues to challenge cities nationwide, Sylvan Hills II offers a blueprint for more sustainable and affordable housing development.
The project is currently under construction and is expected to begin welcoming residents by Fall 2027.
