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| Atlanta Mayor Shirley Franklin joined officials to announce the Atlanta Acquisition Pool. From left Kelly Caffarelli, Home Depot Foundation; Chris McGillis, SunTrust Bank; Ken Woods, Wachovia Corp.; the Mayor; George Howell, ACoRA; Steven Cover, City of Atlanta Department of Planning and Community Development; and Clara Axam, Enterprise Community Partners. |
The $25.5 million Atlanta Acquisition Pool finances property acquisition for the development of affordable and mixed-income housing. Managed by Enterprise in Atlanta, it was created in partnership with the city of Atlanta and the Atlanta Renewal Community Coordinating Responsible Authority. Read the Atlanta Acquisition Pool news release. (PDF,115K, Jan 8, 2008)
The property must be acquired and developed by either:
- Nonprofit developers
- For-profit developers working in partnership with nonprofits
Up to $3 million is available per project for expenses including:
- Acquisition
- Loan carrying costs during the loan term, including an amount reserved to pay interest during the term
- Appraisals
- Architectural plans and engineering studies
- Legal fees
- Zoning and title work
- Surveys
- Environmental assessments or geotechnical studies
- Market analyses
- Tax credit application and other financing fees
- Green building and environmental design services
Get the details on:
- Eligible Applicants
- Loan Terms and Rates
- Eligible Areas
- Income Guidelines
- How to Apply
- Technical Assistance and Training
We are pleased to recognize the Pool’s private investors:
Robert Hammock
Senior Program Director, Lending
Enterprise Community Loan Fund
404.523.6060, extension 16
Email Robert
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