New $750,000 investment to protect affordable housing for Atlanta legacy residents who live along the BeltLine

In this Nov. 20, 2012 photo, a couple walks along the Atlanta BeltLine as the midtown skyline stands in the background in Atlanta. Since an Atlanta nonprofit opened a 2.25-mile-long paved trail east of downtown last month, it has attracted a steady stream of joggers, dog-walkers and cyclists to take in spectacular views of the skyline as well as a slice of established neighborhoods that were once only seen by riding a freight train. The Eastside Trail is the latest and most visible phase of the Atlanta BeltLine, an ambitious $2.8 billion plan to transform a 22-mile railroad corridor that encircles Atlanta into a network of parks, trails, public art, affordable homes and ultimately streetcars. (AP Photo/David Goldman)

Rob Brawner, the executive director of the Atlanta BeltLine Partnership, says homes along the Atlanta BeltLine are some of the fast appreciation values in the country and oftentimes low-income households don’t benefit from the increase.

But that could all change thanks to a new partnership between the Atlanta Neighborhood Development Partnership, the Rocket Community Fund, and the Atlanta BeltLine Partnership.

On Wednesday’s edition of “Closer Look,” Brawner, and Rob Lockett, the National Housing Stability Leader for Rocket Community Fund, talked to program host Rose Scott about how the $750,000 investment will preserve and protect affordable housing for Atlanta legacy residents who live along the BeltLine through the Legacy Resident Retention Program and property tax assistance.

The initiative also aims to close the homeownership gap by preserving 2,000 units of affordable housing by 2025. 

Find out more about the initiative here.