For the first time, the city of Atlanta is launching a program to take land it owns and convert it into affordable housing, reports J.D. Capelouto.
The program will start with four sites, identified by the Atlanta Department of City Planning after an inventory of publicly owned property. The planning department s inventory found that the city, the Beltline, Metro Atlanta Land Bank, Atlanta Housing and Invest Atlanta own a total of 877 acres of land over 490 parcels that could be turned into housing, according to Capelouto. The four sites include three single-family properties in southwest Atlanta and an apartment building downtown.
ATLANTA, GA - The Wingate Companies announced the groundbreaking for its newest community located in Northeast Atlanta, GA. Station 496 (formally known as City Lights 2A) will be the third phase of Wingate s master redevelopment plan to revitalize its holdings of 733 affordable apartment homes located in the Old Fourth Ward neighborhood of Atlanta. Wingate will increase its unit mix by preserving 733 units and adding mixed income community in the future.
Wingate has been an active developer and operator of affordable and market rate housing in Atlanta since the early 1970 s. Most recently, Wingate has been at the forefront of revitalizing affordable housing in the Old Fourth Ward community along the Atlanta Beltline Corridor. With the addition of Station 496, Wingate will be more than halfway complete with the master redevelopment plan for the neighborhood, with the next phases anticipated to break ground in the fourth quarter of 2021 and the second quarter of 2022. Mark S
The parcels are part of a larger effort to redevelop publicly owned vacant land throughout Atlanta.
According to planning commissioner Tim Keane, there are more than 1300 properties in the city’s name.
With most, however, Keane told council members Tuesday the city is unsure whether development is possible.
He said Atlanta is forming a task force, involving Invest Atlanta, the Atlanta Housing Authority and the Atlanta BeltLine, to review available parcels.
“To take them from the category of we’re not sure if it’s suitable for affordable housing into the category of absolutely suitable for affordable housing,” Keane said.
Fearless Fund co-founders, Ayana Parson (standing) and Arian Simone (seated). (Photo credit: Fearless Fund
THE WESTSIDE GAZETTE (Source: www.blackpressusa.com) – The investment marks FAMU’s first in a Black-led VC firm and will be utilized by the Fearless Fund to grow its ever-expanding portfolio of women of color-led businesses seeking pre-seed, seed level or series A financing. With this announcement, the University joins other major businesses who recently invested in Fearless Fund, including Paypal, Bank of America, Invest Atlanta, and Costco.
TALLAHASSEE, FL Florida A&M University Foundation today announces its investment in the $25 million
Fearless Fund, the first venture capital (VC) fund built by women of color, for women of color, and led by two FAMU alumnae, Arian Simone and Ayana Parsons.
The Wingate Companies Announces Groundbreaking for Highly Anticipated Affordable Multi-Family Community prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.