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August 31, 1967 HOUSI NG RESOURCES COMMITTEE NOTES A. Comparison of this report with previ ous one dated June 28 3 1967: This report F:Lrm 6,340 Probable 1,)~ 79 In Sight 7,819 Beine Considered 6_,653 Doubtful 2, 999 Total pcssi ble 17,471 June /8Qi 1 67_ , , 2,965 8,209 8,003 L st, this repor t 11 previous a Total lost 2,692 3,152 5,844 2 ,83q 19,042 B. Proposed locations for low cost housing are being coordinated wi t h the Planning Dept., for adequacy of Communi.ty Facilities, existing or proposed. Proposals are al.so reviewed periodically with the School Dept. for adequacy of school facili tieso c. The Foundation for Cooperati ve Housing 3 which developed Ea s t,vych Village and Cambridge Square (both in DeKal b Cc:unty) J now has full time representative in Atlanta and is seeking clients. They a re sponsoring the 200 unit London Tavme Houses development in Atlanta (1 tem F-5). D. In view of difficulties encountered in zoning -and getting other approvals on s ites 9roposed for large multi-family developments, it is apparent that the low-income housing progrrun will have to l ean heavily on Developers and Builders providing a substantial portion of the pr ogram on small scattered sites. Thus far , 486 single famiJ.y houses ( Item F-12) and 1,665 units in duplexes arid relatively small apartment developments, under conventional financing.s are in this category. E. No proposal has yet been made for construction of units ( even efficiency or l bedroom) to rent or sell for as low a s $50.00 per month. greatest need is in the $30.00 - $50 .00 per montri-:.rental pur chase range . F. Attorney Blackwell in Decatur has proposed a concrete 3 bedroom, l bath~ 1,000 sq. ft. house which he clains can sell f or $6,000, plus land costs, incl. heating and air conditioning equipment . G. National Home s Corp. of Lafayette, Inc . placed on the market Feb. l , 1967, a 800 - 900 S. F. (o.s. dimensions) 3 bedroom., prefabricatedJ preassembled panel, single fa.m.ly house plus a 96 S.F. (I.S. dimensions) s toragE> building manufactur ed by Arr ow Metal Products Corp, to sell under FHA 221 (d) (2). Price includes pl umbing, electrical, heating unit, stove & refrit:;erator, House can be completely assembled in 8.5 man hours ; .53 of the se (with ~onventional plmnbing) are being erected (pre-sold) in the Thomasville Urban Renewal Area. Approx. 800 sqe ft. house is priced at $12,200, 900 sq. ft. house is priced at $12,600. Adrian H~nes Corp. has proposed a prefab t o retail for about $7,500 plus land, foundation, closing and possibly tap?ine fees (Sec Item C-10 for others). G. Saul Gray is a partner in a Corporation which o,ms 280 new units off Ba:r.khead at El bridge St., whi ch he 1,.rant s to sell , + a potential dGvelopment on the site for .512 additional units. Area is already zoned A-1. I. Rehabilitati on by Housine Code Division of B~ilding Department on Boulevard in Bedford-Pine U. R. Project (api.:,roximately 700 units involved) com.rnenced February 1. The U. R. project is still i.n survey and plannini:; staec . A list is available in Housine Resources Committee office of 103 units on Boulevard which the owners stat ed they wish to sell, rather t han rehabilitate. This list has been made avail able to the H.A . and to a National concern interested in devel oping a Rehabilitation Demonstration project in that area. J. Ralph L. Dickey of Atlanta has propos ed a non-profit revolving fund enterprise to acqu ire substandard housing, renovate it and resell, primarily through private enterprise . K. Information is welcomed as to changes , additions or del etions in materi al contai.ned in this r eport. (Call _522-l.ih63, Ext . 430). The City' s �