Home » Housing » Page 5

Tag: Housing
Posted inDavid Pendered

ARC: Atlanta gains more residents in year than decade; no housing news

by David Pendered

The city of Atlanta added more residents in the past year than it did during the entire first decade of the 2000s, according to an unofficial report from the Atlanta Regional Commission.

Atlanta’s gain of 4,100 residents was part of a 10-county population increase of 52,700, calculated from 2013 to 2014. ARC planners said in a statement the increase is a, “sure sign that the economic recovery is continuing.”

ARC’s latest report does not examine the housing supply or construction industry. The city of Atlanta had a glut of housing after the last decade, with more than 37,000 units added to serve a city population that rose by 3,500 residents, according to an ARC report from April 2011.

Posted inDavid Pendered

New partnership intends to help develop affordable homes in region

by David Pendered

More money is soon to be available for developers who need loans for projects in metro Atlanta neighborhoods still reeling from the housing crisis and, in some cases, woes that preceded the crisis.

The additional capital is to flow from a new partnership between Atlanta Neighborhood Development Partnership, Inc. and The Reinvestment Fund.

“Some metro Atlanta submarkets are slowly rebounding from the great recession, while others are experiencing considerable growth,” ANDP President/CEO John O’Callaghan said.

Posted inDavid Pendered

New report on Atlanta’s housing stock matches Richard Florida’s findings on location of class, wealth

by David Pendered

A new report by Atlanta on the city's housing stock confirms a view of the city documented in March by urban demographer Richard Florida  – Atlanta is split in half, with strong neighborhoods to the north and vulnerable ones to the south of a dividing line that passes near the Georgia Tech campus.

One interesting finding in the city’s report is that Buckhead isn’t listed as an exceptional investment area. Instead, that designation is reserved for an area that stretches south from I-85 through Morningside and Poncy-Highland toward Druid Hills. The Buckhead area is ranked as strong or trending.

Atlanta says this report on the city’s housing is the first-of-its-kind study of 285 neighborhoods. It’s intended to enable policymakers to promote equitable residential development throughout the city. The city has scheduled two community meetings to discuss the study’s results – on Monday and Thursday evenings.

Posted inDavid Pendered

Atlanta Council looks for ways stadium deal could be required to help residents, nearby neighborhoods

by David Pendered

In about three weeks, Atlanta Mayor Kasim Reed’s staff expects to deliver to the city council the meat of the legislation that will enable the city council to vote to help fund a new Falcons stadium.

Given the level of support for the new stadium voiced by several councilmembers, its evident some of them will spend the next three weeks figuring out how to ensure that community benefits agreements are created to help city residents and the neighborhoods around. Such concerns were a major issue at the council’s four-hour work session Wednesday.

Falcons President and CEO Rich McKay assured the council several times that team owner Arthur Blank is committed to being a good civic partner. McKay emphasized that Penny McPhee, president of the Blank Foundation, will oversee that outreach effort.

Posted inMoments, Moments Season 1

Noel Khalil’s Moment was when Herman Russell offered to hire him at half his salary and he happily agreed

Avatar photo by adminmegan

When Noel Khalil moved to Atlanta in 1983, chasing development deals on the affluent north side of Atlanta seemed as natural to him as it was unusual to the white men who dominated the industry in that part of town.

After closing a few deals in the northern suburban counties of Atlanta, Noel was surprised when the secretary of Atlanta’s most prominent African-American developer called to say her boss, Herman Russell, wanted Noel come to his office for a meeting.

Gift this article