FEATURED DEVELOPMENT: TWELVE Centennial Park

Atlanta’s low- and moderate-income homeowners won a big victory in the closing hours of the Georgia General Assembly legislative session! On Friday evening, the General Assembly passed HB 1190, HB 1191 and HB 1192 to increase the Homestead Exemption for the City of Atlanta, Atlanta Public Schools, and Fulton County from its current level of $15,000 to $30,000, phased in over three years, as proposed in the Senate Substitute legislation. Under this legislation, the owner of a $125,000 house will see their annual local homestead exemption savings double from the existing $632 to $1,264. Now, the bills go to the Governor for final signature.

"In these uncertain economic times, the Atlanta-Fulton House and Senate Delegations showed great leadership in striking a balance between the needs of struggling homeowners and the fiscal concerns of the impacted local governments," says John O'Callaghan, ANDP President & CEO.

This legislation received tremendous positive momentum from outreach efforts from ANDP's Action Network --- putting up 425 yard signs all over the city, sending letters from concerned individuals and organizations, attending and speaking at Delegation meetings, making phone calls and sending emails to Legislators. Support from these individuals, on behalf of struggling homeowners and neighborhoods suffering from rampant foreclosure, made a difference.  

Hundreds of individuals and many leading Atlanta organizations also registered their support for the Homestead legislation. Those organizations include: the Atlanta Community Food Bank; Atlanta Habitat for Humanity; Atlanta Housing Association of Neighborhood-Based Developers (AHAND); Atlanta Investing; ANDP; Atlanta Urban League; Charis Community Housing; Faith And The City; Georgia STAND-UP; Georgia State Trade Association of Nonprofit Developers (G-STAND), Greater Atlanta Homebuilders Association; Progressive Redevelopment, Inc. (PRI)Red Brick Homes; and Reynoldstown Revitalization Corporation (RRC). More

Making the Case for Housing Choices and Complete Communities: The Next Generation was released in 2007 by ANDP’s Mixed Income Communities Initiative (MICI) and funded in large part by a grant from The Ford Foundation. Additional support was provided by the Health Policy Institute at the Joint Center for Political & Economic Studies.

Informed by extensive research and in-depth interviews with Atlanta’s leading developers, this report examines the region’s housing challenges and the growing need for complete, affordable communities – providing a variety of housing types and price points - in locations convenient to jobs.

As is the case with the original report released in 2004, MICI's new report examines trends, outlines barriers and provides recommendations for increasing housing choice for all Atlantans.

 Download Report -1MB

-ANDP and Norsouth are moving forward with master planning for Adamsville Place. This project will represent the region's first mixed income demonstration project that serves low-to-moderate income families.  The 27-acre project is already home to Martin House, an active living facility for 55 and older residents.  The Adamsville Place development has also been selected by the Terwilliger Center for Workforce Housing at ULI to receive technical assistance.  More details forthcoming.


Preserving Affordability
 
ANDP and the Peachtree Corridor Partnership commissioned Haddow & Company to conduct an inventory of affordable housing options along the Peachtree Corridor.  The data will be used to help inform future policy decisions regarding affordable housing. Download Report -8MB
 

ANDP's lending arm, Community Redevelopment Loan & Investment Fund (CRLIF) helps meet the regional affordable housing need with much needed capital for redevelopment!  Nonprofit and for-profit organizations alike have received loans for their work in affordable housing, mixed income and mixed use developments.  CRLIF offers acquisition, predevelopment, bridge and construction loans as well as construction lines of credit.  To learn more contact CRLIF at 404-420-1608.

Study reveals land
ready for development

According to Census Bureau projections, metro Atlanta will likely have 2.3 million new residents by the year 2030. What is far less clear is whether or not the region will be able to accommodate such an influx. A report prepared by Georgia Tech for ANDP indicates that metro Atlanta counties have an adequate supply of land that is undeveloped or underdeveloped to meet the need.  More