12th & James

About 12th & James

12th & James is a community on Atlanta’s Westside being converted from market-rate to long-term affordable housing through a public-private partnership led by EQHA and Atlantica Properties. Originally built in 2002 as affordable housing, the property is returning to its original mission—providing attainable housing in a rapidly growing area. Under new ownership, all units will be preserved as affordable or rent-stabilized, with at least half reserved for households earning up to 80% of area median income. Rents will remain capped for a minimum of 25 years through an agreement with the Atlanta Urban Development Corporation. The project prioritizes resident stability by allowing current tenants to remain while expanding access to below-market housing, helping preserve workforce housing and reduce displacement near jobs and transit.

  • Project Market: Atlanta, GA
  • Total Units: 214
  • Non-Profit Involvement:
    Co-GP
    (EQHA serves as an active co-owner and decision-maker alongside another developer, sharing project oversight, risks, rewards, and responsibility while advancing affordable housing.)
    Balance Sheet
    (EQHA leverages its financial strength and balance sheet to help partners secure financing, strengthen transactions, and move affordable housing projects forward.)
  • Project Partner: Atlantica
  • Affordability: 80% AMI & Below, 20% PSH Units
  • Closing Date: July 2025
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