The Atlanta Urban Development Corporation is a specialized non-profit entity capable of leading the redevelopment of public land into marketable, mixed income housing that is attractive and attainable to tenants of all income levels. The AUDC is tasked with incentivizing the development of mixed-income communities that include affordable housing units and utilizing a unique toolkit of financing mechanisms to accelerate project developments. The AUDC will actively partner with mission-driven developers and stakeholders to create an inclusive neighborhood where residents can thrive.
Why Do We Exist?
In pursuit of building and preserving 20,000 units of affordable housing by 2030, the City of Atlanta has enhanced these efforts in collaboration with the Atlanta Housing Authority to establish the Atlanta Urban Development Corporation (AUDC). Working from a close partnership between Atlanta Housing, Invest Atlanta, the City, and other public partners, the AUDC will increase the collective capacity of public land development and complement the housing development efforts of those agencies participating in the Housing Strike Force. AUDC projects will integrate with the Atlanta community development ecosystem to serve as catalysts for comprehensive neighborhood investment. Key aspects of the AUDC were inspired by local, national, and international best practices in development and social housing, which combines available local resources – land and subsidy – and public sector capacity to execute successfully. The AUDC will work with community residents, leaders, and organizations to ensure that surrounding communities will benefit from AUDC investments.