How many affordable units have been funded in TADs to date?
Since the first TAD bond issue in 2005, more than 200 affordable condominiums and 160 affordable apartments have been constructed with Eastside TAD assistance. Affordable housing requirements currently exist for projects receiving funding in the BeltLine, Campbellton, Eastside, Hollowell/ML King, Perry Bolton, Stadium, and Metropolitan Parkway TADs. Generally, developers of TAD-funded residential projects in these districts are required to set aside 20 percent of units for people earning 80 percent of the area median income (AMI). An affordable housing program has been implemented only in the Eastside TAD to date, as this is the only district in which funds have been allocated to developers for this purpose.
