| |
HOUSING
DEVELOPMENT
HOUSING
FINANCE
RESEARCH, POLICY & INFORMATION
 |
|
|
Homestead
bills win General Assembly approval! |
FEATURED DEVELOPMENT:
TWELVE Centennial Park
|
Second
soft mortgage offers incredible opportunity
As a
part of the Eastside Tax Allocation District, the
new TWELVE Centennial Park luxury condominium and
hotel development includes a few select homes that
will be offered for sale at a subsidized price of
$144,000 for one-bedroom homes. The rest of the
market value (up to $250,000 in some cases!) will be
covered by a soft second mortgage from the City of
Atlanta that does not have to be paid back until the
property is sold. More
|
TWELVE Centennial Park is a
development of
|
|
|
|
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 |
Research,
Policy & Information
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 |
Development
of Mixed Income Housing
-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
|
Capital to
Rebuild
Atlanta's Communities
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 |
|
|