6-building affordable housing venture near ATL airport officially a go

Josh Green

Mon, 06/23/2025 – 15:56

The stage is officially set for a sizable affordable housing project along a corridor near Atlanta’s airport where College Park leadership expects an influx of investment soon.

City officials and project leaders held a formal groundbreaking ceremony last week for Blue Sky Apartments, a 180-unit affordable housing venture situated on Godby Road, just south of Hartsfield-Jackson Atlanta International Airport.

The six-building project will be reserved for families earning between 40 and 70 percent of the area median income. A centralized clubhouse with a pool and playground area is also in the mix, according to city officials.

Blue Sky’s breakdown calls for 53 one-bedroom units, 72 with two bedrooms, and 55 with three bedrooms.

Planned layout of six-building Blue Sky Apartments in College Park. Courtesy of City of College Park

The Godby Road corridor where Blue Sky Apartments is under construction, in the context of the airport and other southside landmarks. Google Maps

According to College Park officials, the project marks one of the first milestones in broader efforts to reinvigorate the Godby Road corridor with inclusive developments and smart growth.

Construction schedules call for completing Blue Sky next year.

Blue Sky is structured as a Low-Income Housing Tax Credit transaction. It’s financed through bonds issued by the Housing Authority of College Park, tax credit equity syndicated by Hudson Housing Capital and Advantage Capital, and debt financing from Bank of America and Lument, per city officials.

The Georgia Department of Community Affairs allocated tax credits for Blue Sky.

Courtesy of City of College Park

Al McRae, Bank of America’s Atlanta market president, speaks during Blue Sky’s recent groundbreaking ceremony.Warren Bond Photography

Tracie Arnold, College Park Ward 3 councilwoman, said during the recent ceremony the Blue Sky project will mark a trend in the growing section of her district.

“We are ushering in a season of renewal that prioritizes smart growth, inclusive development, and opportunity for all,” said Arnold. “The energy around Godby Road is building.”

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