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Findings enlarge AH’s transformative travel and impactful trajectory
ATLANTA, July 11, 2024 /PRNewswire/ — Atlanta Housing (AH) introduced the reduce of an City Land Institute (ULI) Advisory Services and products panel record, which supplies a radical research of the housing authority and spotlights Atlanta Housing’s vital travel and strategic optical for advancing town’s inexpensive housing projects. In backup of AH’s plans for sped up supply of inexpensive housing in Atlanta thru leading edge public-private collaborations, AH Board Vice Chair Sarah Kirsch, former Government Director of ULI Atlanta, and AH President and Leading Government Officer Terri M. Lee advocated for the ULI overview to equip Atlanta Housing with wide-ranging comments and knowledgeable suggestions that may in the end lend a hand AH achieve its competitive objectives.
“I am grateful for the rigorous steps taken by the Urban Land Institute to analyze Atlanta Housing’s strategic plan, our project portfolio, and the entirety of our operations,” stated Terri M. Lee, President and Leading Government Officer of Atlanta Housing. “Atlanta Housing must be known as an agency that embraces accountability, ownership, transparency, and trust in all that we do, and this report is a culmination of an open-door look into the inner workings of our agency.”
The record used to be formed through ULI participants curated for his or her housing experience who volunteered as panelists from across the nation to lend a hand AH with strategic suggestions for boosting inexpensive housing availability and property in Atlanta. ULI’s method mixed intensive stakeholder engagement at the field in Atlanta, quantitative knowledge research, in-depth interviews with key AH workforce, and case research to grant a extensive figuring out of Atlanta Housing and town’s housing soil.
“This collaboration with national experts in real estate, finance, and land use accelerates our quest for continuous improvement in how we serve the housing needs of Atlantans,” stated Atlanta Housing Vice Chair Sarah Kirsch. “The findings from the ULI study inform how Atlanta Housing is on the right track as we build and preserve safe, quality, and affordable housing for our residents.”
Key Findings and Accomplishments
The record discovered that AH has considerably enhanced its collaborative efforts with stakeholders, together with builders, network organizations, and philanthropic companions. Those partnerships increase the useful resource bottom and display AH’s constancy to culturally delicate and community-responsive housing answers. AH could also be prioritizing engagement with minority- and women-owned companies and builders. This comprises mandates for minority participation in all Grasp Construction Word of honour, making sure significant involvement in tasks.
Findings additionally indicated that Atlanta Housing’s adoption of untouched financing fashions and self-development methods has ended in extra environment friendly useful resource utility and sooner task supply. Specialised specialists and upskilling projects have bridged the data hole in navigating complicated monetary constructions. Maximum significantly, the implementation of the grasp developer style has streamlined task approvals and decreased useful resource pageant, expediting travel on inexpensive housing traits. AH’s people-focused method used to be recommended with acknowledgment that AH’s habitual network engagement and community disclosure display that advancement processes are clear and inclusive.
The panelists reported that AH’s projects now lengthen past housing to incorporate training, fitness, and financial empowerment, noting that collaborations with native faculties for proceeding training, process coaching systems, and fitness partnerships were pivotal. The record additionally open that monetary literacy coaching and network financial savings projects are serving to citizens succeed in monetary balance and self-sufficiency.
Taking a look Ahead
The ULI advisory panelists concluded that Atlanta Housing is well-positioned to proceed making transformative, impactful traits within the inexpensive housing marketplace, they usually supplied strategic suggestions for proceeding travel. The ULI panel additionally really helpful improving in-house monetary modeling features to optimize useful resource deployment; leveraging town sources and exploring untouched investment alternatives to relieve monetary burdens on AH tasks, and prioritizing sustainability in all untouched tasks, together with mandating LEED certification for builders and development groups.
The alignment between a number of ULI suggestions and Atlanta Housing’s paintings against its 5-year strategic objectives, spearheaded in FY 2023 and effectively underway, signifies that with persisted leading edge collaborations and strategic management, AH is set to deal with Atlanta’s inexpensive housing demanding situations extra successfully than ever. For on a regular basis Atlantans suffering to search out inexpensive housing, those findings characterize the chance for balance and hope.
“Atlanta Housing came to the table with key resources and excellent opportunities for leverage, including land, investment capital, and housing vouchers,” stated Tyrone Rachal, chair of ULI Atlanta. “The outcomes of this report continue to build on Atlanta’s strong housing ecosystem involving public and private efforts to meet both Atlanta Housing’s plan to create and preserve 10,000 affordable units and the City of Atlanta’s broader housing production goals. The expert ULI panel echoed Atlanta Housing’s sentiment that Atlanta needs a multipronged approach that transcends traditional funding models and emphasizes both community impact and financial sustainability.”
For more info and to get right of entry to the overall record, please talk over with here. The overall record will also be discovered on ULI’s Knowledge Finder platform.
For more info about ULI’s Advisory Services and products, click on here. This panel used to be a partnership between ULI Atlanta and ULI Advisory Services and products, with backup from ULI’s Terwilliger Middle for Housing and the ULI Bedrock. For more info about ULI Atlanta, click on here.
ABOUT ATLANTA HOUSING
President and Leading Government Officer Terri M. Lee leads The Housing Authority of the Town of Atlanta, Georgia (AH), the most important housing authority in Georgia and one of the most biggest within the folk. AH carries the distinguished Shifting to Paintings (MTW) designation and serves as an trade chief in offering and facilitating inexpensive housing sources for almost 27,000 low-income families made out of roughly 45,000 humans thru its AH-owned residential communities, tenant-based and project-based vouchers, supportive housing, in addition to unwell fee help, the place innovation leads the technique to making the dream of homeownership doable for extra Atlantans. Atlanta Housing systems are funded through the U.S. Section of Housing and City Construction.
Seek advice from AH at www.atlantahousing.org or observe us on social media @housingatlanta.
ABOUT THE URBAN LAND INSTITUTE
The Urban Land Institute is a non-profit training and analysis institute supported through its participants. Its challenge is to situation the era of the constructed shape for transformative affect in communities international. Established in 1936, the institute has greater than 48,000 participants international representing all facets of land utility and advancement areas. For more info on ULI, please talk over with uli.org, or observe us on Twitter, Facebook, LinkedIn, and Instagram.
SOURCE HOUSING AUTHORITY OF CITY OF ATLANTA
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