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ABOUT
THE NEED
OBJECTIVES
GOALS
CONTACT

ABOUT

Launched in January 2020, the Atlanta Affordable Housing Fund is a social impact fund designed to provide low interest rate gap/mezzanine financing for affordable housing projects that might otherwise not be developed.

Affordable housing is one of the most pressing issues facing our region. There are 340,000 households in metro Atlanta paying more than 30% of their income on housing, which is not sustainable.

The fund was founded by a group of highly seasoned real estate professionals. The goal is to make loans in the 3-5% interest rate range to qualified developers/sponsors who will either create or preserve affordable housing units.

Investors in the $25 million fund will receive an economic return, as well as a social return quantified in a report card of how many affordable housing units their investment benefits.

The fund is aligned with HouseATL, an ongoing initiative driven by civic leaders to address the City of Atlanta’s affordable housing shortage.

BOARD MEMBERS

David Allman

Regent Partners

Robert LaChapelle

CBRE

Aaron Goldman

Perennial Properties

Tim Schrager

Perennial Properties

Chuck Shallat

Lincoln Property Group

David Loeffel

Highlands Residential

Marc Pollack

Rangewater

Egbert Perry

The Intergral Group

Caroline Wilbert

The Wilbert Group

Richard Slaton

Bank of America

Sarah Kirsch

ULI Atlanta

Ceasar Mitchell Jr.

Dentons

Michael Russell

HJ Russell and Company

EXECUTIVE DIRECTOR

Ashani O'Mard



THE NEED

Affordable housing is one of the most pressing issues facing our region. There are 340,000 households in Atlanta paying more than 30% of their income on housing, which is not sustainable.

COST-BURDENED HOUSEHOLDS

First tiled img Households paying more than 30% of their income on housing

MOST EXPENSIVE CITY

Secong tiled img For moderate income households

INCOME INEQUALITY

Thrid tiled img For cities with a population of at least a quarter-million for two consecutive years

AFFORDABLE HOUSING DEFICIT

Forth tiled img Increasing by 1,000 – 2,000 homes per year due to demolition and renovation

AFFORDABLE HOUSING UNITS NEEDED

Fifth tiled img Per year for the next ten years

AVERAGE RENT INCREASED

Sixth tiled img From 2011-2016, while wages only went up 10%

OBJECTIVES

The $25 million fund will generate an economic return for investors, as well as a social return quantified in a social impact report and how their investments are impacting.

Mission-Driven Apartment Acquisition

Low Income Housing Tax Credits

Neighborhood Land / Housing Acquisition Funds

Generate 1,000-1,500 affordable units through the Fund

Leverage local affordable housing funds

Housing in Opportunity Zones

PRIMARY GOALS

The goal of the Fund is to make loans in the 3-5% interest rate range to qualified developers/sponsors who will either create or preserve affordable housing units.

1. Demonstrate ability of private sector to efficiently address issues related to lack of affordable housing

2. Demonstrate ability to use low-cost loans to make affordable housing projects financially viable

3. Ensure success by leveraging the expertise of seasoned real estate leaders

4. Provide high-net-worth individuals foundations and corporations an opportunity to engage in solutions by creating a vehicle to blend philanthropic and fixed income investments

5. Utilize the initial, modest-sized fund to provide continuity and apply lessons to improve our region’s ability to invest in affordable housing

6. Provide gap financing for transformative affordable housing projects that help to strengthen communities

CONTACT US

To learn more about the Atlanta Affordable Housing Fund or to share a brief description of your project, please fill out and submit the form below.

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