Atlanta-based national nonprofit Purpose Built Communities will receive a $7 million grant from the Truist Foundation over the next three years to bolster its work in transforming communities.
After an eight-year freeze between the administration of Mayor Kasim Reed and the pioneers of Atlanta’s modern day transformation of public housing, a thawing is taking place.
That thaw was evident on the night of Oct. 18 when top leaders in Atlanta and the nation attended Integral’s 25thanniversary celebration at the Fairmont in west Atlanta.
As published in the Atlanta Business Chronicle on October 6, 2017
OMAHA – Hundreds of people gathered from Oct. 2-4 here in the hometown of famed billionaire investor Warren Buffett to review the accomplishments of Atlanta-based Purpose Built Communities and preview its future efforts.
Buffett told the 500 attendees at the 8th annual Purpose Built conference how he was hesitant when Atlanta real estate developer Tom Cousins first approached him years ago to be an investor in the redevelopment of Atlanta’s East Lake community.
“I was skeptical, but you never want to underestimate Tom Cousins,” Buffett said. “He’s been going around like Johnny Appleseed… He has resurrected neighborhoods. There’s no one I would rather partner with.”
Atlanta-based Purpose Built Communities will partner with a new Grove Park neighborhood organization to revive a community in the same way the founders of the nonprofit have revitalized East Lake and areas around the country.
The Grove Park Foundation, a newly-formed nonprofit that grew out of the Emerald Corridor Foundation, joins the East Lake Foundation as the second Atlanta-based member of the Purpose Built Communities Network.