New Markets Tax Credit Coalition

Search

The Front Porch at Auburn Avenue

A mixed-use development in Atlanta’s historic Sweet Auburn corridor (birthplace of Martin Luther King Jr.) called the Front Porch.

Investment

  • NMTC Amount: $30,500,000
  • Total Project Cost: $31,587,328

IMPACT

  • 78 FTE jobs
  • 150 construction jobs

Investor

Project Description

The new mixed-use development addresses non-displacement and equitable access to housing, enterprise, and community programming. The project includes 13 retail spaces, 54 residential units, and local and broader community benefits.

Key features of the project include:

  • Affordable rental units – The project will address the demand for affordable housing, offering 25 co-living, “dormitory-style” residential units (57 beds) to renters earning 60% AMI, as well as 15 1-bedroom units for renters earning 60% AMI or 80% AMI.
  • Homeownership: To ensure legacy residents have access to the improved neighborhood amenities, The project will feature 14 for-sale condo units, including 6-1BR units, 4 2-BR units, and 4 3-BR units, for community members with an income level between 80-120% AMI.
  • Affordable retail space
  • Healthy food access: A rooftop garden will provide fresh produce and educational opportunities to tenants and the surrounding community, providing increased access to affordable healthy foods. HDDC will work with HABESHA, Inc., a nonprofit that uses urban agriculture to promote community job creation.

MAP

Address: 348 Auburn Avenue Northeast, Atlanta, GA 30312

Site Visits

Rep. Nikema Williams (D-GA) Visits Front Porch Project

Rep. Williams (D-GA) attended a press event for the HDDC Front Porch NMTC investment
Apr-2024

Other Georgia Projects

$23 million in NMTC financing supported renovation and expansion of Mercy Care’s Decatur Street Clinic with best practices in clinic design
The conversion of a historic Macy's building into a special event center; Includes restaurants, banquet hall, meeting rooms, business incubator.
A new, 555,000 square foot facility with eight operating rooms, four endoscopy rooms, a Cancer Center, surgical clinics including orthopedics, general surgery, ENT, oral surgery, an Eye Center, and imaging,
An opportune investment in local food bank reduces food insecurity for low-income people