An Innovative Affordable Housing Development with 233 Units is Underway in Atlanta’s Sylvan Hills Neighborhood
FOR IMMEDIATE RELEASE
May 15, 2025
An Innovative Affordable Housing Development with 233 Units is Underway in Atlanta’s Sylvan Hills Neighborhood
ATLANTA, GA – A groundbreaking affordable housing development is underway in Atlanta’s Sylvan Hills neighborhood, marking a significant step forward in equitable, community-centered development. Sylvan Hills II will deliver 233 newly constructed affordable units serving households earning between 30% and 80% of the Area Median Income (AMI)—achieved without the utilization of traditional Low-Income Housing Tax Credits (LIHTCs).
The development team’s approach reflects a model for inclusive growth and economic mobility in Atlanta. The project leverages deep public-private partnerships between Atlanta Housing, Atlanta Neighborhood Development Partnership (ANDP), EQ Housing Advisors, Radiant Development Partners, and TCE Development to deliver urgently needed housing in a high-opportunity corridor.
Project Highlights:
Location: Sylvan Hills neighborhood, Atlanta, GA
Total Units: 233 affordable housing units
AMI Target: Households earning between 30% and 80% of AMI
Financing Structure: Eight-layer capital stack without LIHTCs
Financial Support: HUD, Walker & Dunlop, Atlanta Housing, City of Atlanta, Community Foundation for Greater Atlanta, Invest Atlanta, Partners for Home, ANDP
Sylvan Hills II stands as a powerful testament to what’s possible when mission-aligned partners come together with creativity, trust, and a shared vision for inclusive growth. The 233-unit multifamily apartment community offers various styles, including garden apartments, carriage homes, and townhomes. Notable features include energy-efficient appliances and low-flow fixtures. Amenities include an on-site management office, community room, outdoor areas, a playground, and walking paths– creating a more sustainable and healthier environment for residents.
Representing one of the most collaborative financing structures seen in recent affordable housing efforts across the region, the project illustrates a path forward for municipalities and developers seeking alternative models to deliver urgently needed affordable housing. As housing affordability continues to challenge cities nationwide, Sylvan Hills II offers a blueprint for more sustainable and affordable housing development.
The project is currently under construction and is expected to begin welcoming residents by Fall 2027.
Media Contact:
Amon Martin
President of Development
amon@radiantdevelops.com
radiantdevelopmentpartners.com
About the Partners
Radiant Development Partners
Radiant Development Partners is a Black woman-owned affordable housing development firm committed to creating equitable, sustainable, and community-centered housing solutions. With over 50 years of collective experience, the company leverages strategic public and private partnerships to create high-quality housing that fosters diverse and equitable communities, strengthens lives, and generates opportunities for residents to thrive.
TCE Development
TCE Development is an Atlanta-based real estate development firm with a focus on creating transformative housing projects that strengthen urban communities. The firm brings deep experience in multifamily development, prioritizing economic inclusion and long-term neighborhood investment.
EQ Housing Advisors
Founded in 2022, EQ Housing Advisors is a nonprofit impact investment and development firm focused on the creation and preservation of affordable housing. With a mission to address housing insecurity through collaboration and capital innovation, EQ works with mission-aligned partners to bring complex deals to life across the Southeast.
Atlanta Neighborhood Development Partnership (ANDP)
Founded in 1991, ANDP develops, finances, and advocates for affordable housing at scale to promote racial equity and healthy communities across metro Atlanta. As a U.S. Treasury-certified Community Development Financial Institution (CDFI), ANDP has supported the creation of over 7,800 units of housing and invested more than $85 million in loans toward developments valued at nearly $1 billion.
Atlanta Housing (AH)
Atlanta Housing is the largest housing authority in Georgia and one of the largest in the nation. AH provides and facilitates affordable housing resources for nearly 27,000 low-income households, including AH-owned residential communities, tenant-based vouchers, supportive housing, and homeownership opportunities.