Atlanta Proposes Affordable Housing Action Plan

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.

A Transformative Gift to Drive Racial & Economic Justice

Philanthropist MacKenzie Scott is donating an extraordinary $40 million unrestricted grant to LISC. It is the largest gift from an individual in LISC’s 40-year history—one that not only speaks...more

Giving Away Silicon Valley’s Billions
Foundation: Silicon Valley Community Foundation

Stanford Magazine highlights Nicole Taylor, president and CEO of Silicon Valley Community Foundation (SVCF), who plans to put the 'community' back in 'community foundation.' As SVCF's new...more

Online Course -Voices of Social Change
Foundation: International Youth Foundation

Coursera announces its Voices of Social Change, a free online short course co-designed and delivered by eight young social entrepreneurs. Voices of Social Change, powered by Laureate...more

A Pioneering Mangrove Conservation Project in Madagascar

Madagascar communities launched the world's largest mangrove carbon conservation project, sequestering a huge amount of carbon and securing an ecosystem vital to fishery health. In partnership...more

Community-Based Learning Gets Official Designation

The University of Wisconsin-Whitewater campus will have a new letter designation coming in the fall about what courses are community-based and what they entail. According to Kate Ksobiech, an...more

Tulane University Partners with Venture for America to Create Inner-City Jobs

Tulane University's Albert Lepage Center for Entrepreneurship and Innovation will partner with Venture for America (VFA) to host 2020 VFA Fellows along with leaders from university entrepreneurship...more

Warren Buffett's Grandson on the Art of Opportunity Zone Social Impact Investing

Howard W. Buffett, the grandson of legendary investor and billionaire Warren Buffett, is getting into Opportunity Zones. Buffett is launching a software tool that measures an Opportunity Zone...more

Social Entrepreneurs Needed to Address Present-Day Inequities and Gaps in India

Ravi Sreedharan, Founder-Director, and Lopamudra Sanyal, Research Fellow at the Indian School of Development Management (ISDM), tackle the work and innovations by social entrepreneurs that continue...more

The LISC Rural Promise

LISC is launching the LISC Rural Promise, a commitment to elevate the organization's impact in rural America. The Rural Promise will build on 25 years of LISC's investment in and partnership-building...more

Reimagining Black Wealth: Asking 400 Year Old Questions

Living Cities staff JaNay Queen Nazaire, Chief Strategy Officer, and Demetric Duckett, Managing Director, write how Living Cities is "not only doubling-down on the use of capital as a driving...more







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