ATLANTA — Atlanta Mayor Keisha Lance Bottoms has announced that Invest Atlanta has approved funding to create Teachers Village-Atlanta, which will offer affordable units for teachers.
The proposed Teachers Village would be a mixed-use development with workforce housing marketed to teachers who work in the city of Atlanta. The 438-unit project, developed by the RBH Group, will be located in the Fairlie-Poplar district downtown.
Among the affordable units marketed to teachers, 40 percent will be rented to tenants earning no more than 60 percent of the area median income. Another 20 percent of the units will be rented to tenants earning no more than 80 percent of the area median income. The remaining units will be rented at market rates.
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The project is the first of its kind in Georgia. A similar project in Newark, N.J. serves as the Atlanta project’s model.
“Improving education pathways to help ensure all Atlantans can be successful is a pillar of our Administration’s One Atlanta Economic Mobility Plan,” Bottoms said. “When teachers live near their schools, they become part of the community and play a greater role in the lives of their students. I am very pleased to see the City of Atlanta and our partners come together in support of this development so that more Atlanta teachers can afford to live in our city near the communities they serve.”
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The Village will be part of a larger, 31-story development that will also include senior housing, retail, amenity space and a private rooftop for residents.
“To make Atlanta a more equitable city, we need to not only increase high-quality affordable housing but also make sure teachers and other professionals who serve the community have access to it,” said Dr. Eloisa Klementich, President and CEO of Invest Atlanta. “The Teachers Village will create an attractive living option in a desirable area for teachers who wish to be in the city near their workplace and transit systems.”
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