BREAKING: Atlanta Housing board to vote on $1.8M settlement with developer Integral Group, partners
By Sean Keenan
Next week, the Atlanta Housing (AH) board of commissioners is expected to vote on a settlement agreement that could end a years-long legal feud between the public housing agency and developer Integral Group and its development partners.
After sparring for years over what critics considered a sweetheart land deal brokered by former AH CEO Renee Glover and Integral Group CEO Egbert Perry, the proposed settlement would require AH to pay Integral Group and its partners $1.8 million for legal fees and other expenses.
(In November, Glover entered into a separate settlement agreement with AH. That deal cost the agency $1.3 million, which went to pay for the ex-CEO’s legal fees.)
The deal, which requires board approval and approval from the U.S. Department of Housing and Urban Development to be enforceable, would also convey 73 acres of land to a development partnership including Integral Group and AH for roughly $21.9 million.
Additionally, the settlement states that that joint venture “shall develop or ensure the development” of 2,035 residences on the land in question. 389 of those units would have to be earmarked as “affordable” housing.
Next week’s board meeting is expected to take place on Friday at 4 p.m., and the public is encouraged to attend and weigh in on the proposed agreement.
Read the full proposed settlement agreement below:
This story has been edited for clarity.