Atlanta just announced some very exciting news! Atlanta Mayor Andre Dickens and the City of Atlanta have opened a new housing help center at Two Peachtree Street, and the old office building itself will be converted into affordable housing units.
Housing insecurity is a huge problem in Atlanta, and this is just one part of a larger project headed by Mayor Dickens to help alleviate the issue of homelessness and housing insecurity. Mayor Andre Dickens’ plan is to create 20,000 affordable housing units in the City of Atlanta within the next eight years. With more than 3,000 units already created, and another 1,500 in progress, Two Peachtree is just the next step in the much larger plan of helping brighten the future of the city.
Invest Atlanta, Atlanta’s economic-development agency, approved a funding need of $39 million to purchase Two Peachtree Street from the state of Georgia. The building is a 41-story office building in the heart of downtown built in the 1970s. The plan is for the housing help office to reside on the first floor, and then the housing units to be throughout the building. The City’s plan is to use thirty-five of the forty-one floors for affordable housing, which will consist of 600-700 units.
After the project is completed, the converted office building will be the tallest residential building in all of Atlanta.
Atlanta News First reports that Mayor Andre Dickens said, “We will move forward relentlessly in the pursuit of our goals. We will continue to roll out partnerships to leverage the full breadth of resources available. We will aggressively deploy mixed-income housing throughout this city.”
Why is this important for the future of the city?
Providing affordable housing is a foundational need for a city to thrive. If children can focus on their studies instead of worrying about where they’ll be sleeping at night, they will earn better scores in school, and have more opportunities for their futures. Helping to alleviate the stress of not having secure housing will help everyone in the city of Atlanta, and the community will benefit greatly.
Everyone deserves a safe place to live.
The conversion from office building to residential will begin in early 2024. Dickens announced that City Hall will even host a week in January where builders and developers can get express permitting and licensing.