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A City of Atlanta Housing Affordability Plan was recently unveiled by Mayor Keisha Lance Bottoms. The Plan was a collaborative effort that acts as a roadmap to increase the number of residents who can afford housing costs.
Several nonprofits, city agencies, philanthropic organizations, private companies, educational institutions, faith-based groups, residents, and community members came together to create the Plan roadmap under the banner of House ATL to develop recommendations.
The Plan is based on four key goals that include 13 initiatives. These four goals are to: create or preserve 20,000 affordable homes by 2026 and increase overall supply; invest $1 billion from public, private, and philanthropic sources in the production and preservation of affordable housing; ensure equitable growth for all Atlanta residents and minimize displacement; and support innovation and streamline processes.
The Plan includes 4% Low Income Housing Tax Credits from Georgia Department of Community Affairs and Tax-Exempt Bonds and Housing Opportunity Bonds from Invest Atlanta. The first mortgage financing is provided by Red Capital while the Federal and State equity investor is RBC Bank. Read the Entire Article
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
The CEO of the nation's second-oldest civic monument has been ousted over allegations of financial impropriety at Dallas' Fair Park, the Dallas Morning News reports. On May 1, Brian Luallen...more
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Foundation: Ford Motor Company Fund
The Ford Motor Company's philanthropic arm is getting a new name: Ford Philanthropy. The rebranding reflects Ford's 75-year legacy of "driving impact in Ford communities around the world," says...more
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Western Australia's University of Western Australia is looking for a new director of alumni relations, and the ideal candidate will be a woman with at least five years' experience in donor...more
"It's very nice to be recognized. It's an honor to be a part of something that's global." So says P.B. Scott, president and CEO of the Musson Group, after being named the Master...more
The winner of this year's Sustainova Startup Challenge in Saudi Arabia has a message for the rest of the world: "If you want to save the planet, you have to start now." The startup contest,...more
Foundation: Gates Foundation
One of the world's richest men is pushing to make Hong Kong a "philanthropic hub" in the region. The city's chief executive, Leung Chun-ying, says he wants to make it "a bridge between China and...more
The son of one of Nigeria's most revered nationalists, Chukwuma Anueyiagu, says his father's death in 2014 left him little time to reflect on his own lifebut he's determined to see his father's...more
Social Entrepreneurship
Spotlight
Social Enterprise: Reaching Out to the Private Sector for Help
John Converse Townsend, a Forbes contributor, shares what can the private sector do for a social enterprise. He encourages social enterprises to reach out to corporations for help to scale up their businesses.
