American Banker By Kate Berry January 03 2018 The tax reform law enacted late last year is already threatening to exacerbate the affordable housing crisis — and the outlook could be even worse going forward. The affordable housing market relies heavily on subsidies from two different affordable housing programs: the low-income housing tax credit program,…
Georgia Budget and Policy Institute released Tackle Poverty’s Effects to Improve School Performance – a must read. The article notes that “Georgia needs to do more to compensate for high-poverty environments to do a better job educating its children, and to improve the prospects of its future workforce” and specifically mentions the importance of availability…
MANDATORY INCLUSIONARY ZONING APPROVED FOR BELTLINE OVERLAY DISTRICT AND WESTSIDE NEIGHBORHOODS Contact: William McFarland, Tel.: (40) 586-0740 Email: wmcfarland@georgiaact.org Website: www.georgiaact.org Georgia ACT joins affordable housing advocates and Atlanta residents in celebrating a truly historic moment in the struggle to provide affordable housing in the City of Atlanta – the recent adoption of mandatory inclusionary…
Press Release Courtesy of The Fifth Third Foundation FOR IMMEDIATE RELEASE Contact: Jewanna Gaither, VP, Regional Communications Manager 678.237.4379 Fifth Third Foundation Announces 2017 Strengthening Our Communities Fund Award Recipients ATLANTA – The Fifth Third Foundation has announced its 2017 Strengthening Our Communities (SOC) Fund grants for Georgia. The Fund awards grants to…
Women make up a majority of Georgia’s adult population and are breadwinners in more than half of the state’s households with children. Yet Georgia women working full time earn about $8,000 less on average than men with full-time jobs, and households headed by single women have about 42 percent of the wealth of households headed by single…
Georgia ACT recently received a grant from Metro Fair Housing Services to implement the Inclusive Communities Down Payment Assistance Program (ICDPA). The program provides low-to-moderate income individuals (with household income of 80 percent or less of area median income) with the opportunity to become homeowners in neighborhoods of color adversely affected by the foreclosure crisis:…
The organizers of Atlanta’s Affordable Housing Preservation Challenge (Enterprise Community Partners, Georgia Department of Community Affairs, and Georgia Advancing Communities Together) are pleased to announce Tapestry Development Group as the winner of the ATL Challenge competition. The formal announcement was made during the first quarterly Atlanta Regional Housing Forum of 2017 earlier today. Tapestry Development…
President Trump’s FY 2018 budget request – released May 23, 2017 – proposes to slash federal investments in affordable housing and other essential programs that ensure basic living standards for low income individuals and families. If enacted, it would eliminate the National Housing Trust Fund, cause more than 250,000 families to lose their housing vouchers,…
We are pleased to share this Final 2017 Legislative Report with you, our member organizations and supporters, to let you know what happened this year at the Georgia General Assembly. This was a good session for affordable housing with enactment of legislation that addresses valuation of low income housing tax credit properties (HB 285/HB 196),…
Since the inception of the Low Income Housing Tax Credit or LIHTC in 1986, more than 2 million affordable units have been developed or preserved across the United States. The NYU Furman Center has published a report presenting who the LIHTC serves and its impact. Get the full report here.