Atlanta, Georgia 2021-09-27 14:07:43 –
On Monday morning, US Secretary of Housing and Urban Development Mercia L. Fudge visited Atlanta on a tour of Herndon Square as the city of Atlanta continues to promote affordable housing initiatives. Herndon Square boasts 586 rental units, 52% of which are affordable, 97 senior rental units and 32 townhouses for sale, 21% of which are affordable.
The Herndon Square project was developed in partnership with Hunt Companies / Oakwood Development Corporation and has additional partnerships with the HUD, Atlanta City, Westside Future Fund, Invest Atlanta, Department of Community Affairs and Georgia Tech.
In January 2020, construction of Hahndon Square, which hired workers through Westside Works, began, and workers received OSHA training and further skill development.
Eugene E. Jones, CEO of the Atlanta Housing, said:
Fudge was in Atlanta promoting President Joe Biden’s Build Back Better infrastructure program, which emphasized investments in homebuilding and rehabilitation, economic development, and community revitalization. President Biden’s Build Back Better Plan is two forms of two bills, one is a $ 1 trillion bipartisan infrastructure bill that rebuilds and repairs traditional US infrastructure, and the other is the Democratic Party. It’s a broad $ 3.5 trillion bill that can be passed with just the help of. Budget adjustment.
“One of the reasons why black homes are a certain percentage the same compared to white homes in 1968 is because of the lack of down payment support,” Fudge said. “We can change that. This HUD provides down payment support so that you can start with the fairness of your home. This HUD is neutralizing your student loan debt. Who has the loan debt? Blacks, browns, poor people. Your debt is your student loan debt doesn’t count too heavily against you because we’re changing it, you Will gain credibility.
I’m starting a small loan. If you have a neighborhood that has been red-lined for a long time, you can go buy a house for $ 10 or $ 20,000, but the bank won’t lend you money to repair it. We will change that and rebuild our neighborhoods and communities. “
Fudge includes Atlanta Mayor Keisha Lance Bottoms, Senator John Osov, Senator Rafael G. Warnock, U.S. Representative Nikema Williams, Georgia General Assembly Dean, New Ambassador of the Republic of Dominican Republic, State Senator Calvin Smyer and Augusta Mayor Hardy have joined. Davis.
“Housing is dignity. Housing is an absolute necessity and an important infrastructure,” explained Senator Warnock. “So I’m proud to set aside state leaders who have fought to secure a way to safe, stable and affordable housing for all Georgians. Must be fair and equitable for everyone, affordable housing is infrastructure, and people in our community need to promote their families to working and middle class. It’s the foundation that helps support the family and contribute to the economy. “
The mayor’s office has made an ambitious commitment to invest $ 1 billion in affordable homes, and to date, the city manages nearly $ 500 million in private and public funding. This is in the middle of that $ 1 billion goal. According to the release, the city is also on track to reach its eight-year goal of providing 20,000 affordable homes by 2026.
“To reach our goal, we need to make sure that homes are being developed at all price points in the city. The Atlanta Homes Herndon Square is an example of our commitment,” said Mayor Bottoms. Says. “I am honored to invite Secretary Fudge and the House of Representatives to discuss the importance of housing rehabilitation and community revitalization.
“The work currently underway in Congress to make a meaningful investment in affordable housing will have a positive impact on the daily lives of many Georgians,” said Senator Osov. “A large number of Georgians woke up at night worried about whether they could afford to rent due to lack of housing, and they did not have secure access to housing and were in their homes, or There are too many Georgian companions living in instability. “
HUD Secretary Fudge meets with Atlanta Mayor Bottoms to promote affordable housing Source link HUD Secretary Fudge meets with Atlanta Mayor Bottoms to promote affordable housing