On January 26, the Federal Reserve Bank of Atlanta hosted the announcement of ATL Challenge finalists Tapestry Development Group; TriStar, LLC; and Stryant Investments, LLC. The event offered attendees the opportunity to hear about their proposals and offer feedback that could shape their Phase 2 submissions (see finalist presentations below for more information). These three organizations will be competing for up to $70,000 in implementation resources. The winner will be announced in late May.
The event also featured presentations on recent research on preservation needs and housing market conditions, both in Atlanta as well as in other regions across the country. Professor Dan Immergluck of Georgia Tech discussed his research on Naturally Occurring Affordable Rental Housing: The Need for Preservation in the U.S. and Atlanta. The event also featured a presentation by Elora Raymond of the Federal Reserve Bank of Atlanta on her recent research on Corporate Landlords, Institutional Investors and Displacement: Eviction Rates in Single-Family Rentals.
Finally, we encourage you to review the full list of Phase 1 Proposal Summaries and offer feedback on the Discussion Page. While the ATL Challenge organizers can only provide implementation resources for one proposal, we hope that this competition can serve as a platform to advance innovative policy, programmatic and financial ideas by other means.
- Atlanta Affordable Housing Preservation Program, Tapestry Development Group, Inc.
- Community Impact Model – Transforming Communities through Housing, TriStar, LLC
- Subdivision of Existing Housing Stock to Increase Affordability, Stryant Investments, LLC
- Saporta Report: Atlanta’s latest incubator fosters new approaches to preserving affordable housing, by David Pendered (February 6, 2017)