Homeownership is out of reach for low-income, predominantly Black families, in our region. That needs to change. We’re on it.

Owning a home is bigger than finding safe shelter. Homeownership leads to wealth building and, often, to generational financial stabilization for families. Yet, this opportunity is all too often unattainable for many in Atlanta due to a lack of suitable housing stock and limited avenues for securing critical financing for down payments and loans. A coalition of like-minded organizations is boosting opportunity in housing.

Two 2022 milestones are planting seeds for profound impact:

• Seeded by a $7.5 million grant from Wells Fargo’s
  Wealth Opportunities Realized Through Homeownership
  (WORTH) affordable housing effort,
  we secured dozens of partner commitments,
  more than $220 million, toward creating and
  preserving 5,000 homeowners of color by 2026.
• HouseATL relaunched under the fiscal sponsorship
  of the Community Foundation, charged with
  employing strategic recommendations for the
  public, private and philanthropic sectors to work
  together on housing needs. Originated by a
  coalition of visionaries in 2018, HouseATL is
  poised to take action on its promise of accessible,
  affordable housing for Atlanta’s families.

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“Momentum has been building for housing solutions in metro Atlanta for years, and once collaborative partners were asked to put pen to paper and make a financial or in-kind commitment, our region really rose to the challenge. We have now turned intent into action, with a transparent commitment to drive change.” – Frank Fernandez, Community Foundation president and CEO

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This story was originally shared in our 2022 Annual Report. To read the full report, click here.