Box 5, Folder 9, Document 27

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Box 5, Folder 9, Document 27

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GREATER ATLANTA HOUSING DEVELOPMENT CORPORATION

A charter has been ootainedf~r a non-profit corporation to be known
as Greater Atlanta Housing Development Corporation.
Office space has been secured adjacent to Central Atlanta . Progress,
Inc. at 2742 First National Bank Building, for secretarial convenience,
and a full-time Executive Secretary, Mr. Robert C. Watkins, · was
retained effective July 22, 1968.
The purpose of the Corporation is to promote more adequate housing for
families with low to moderate incomes through the _following_ activities: --
1.
Technical assistance for multi-family housing sponsors,. _
especially non-profit sponsors.
a . . Advising prospective sponsors in site selection, zoning,
FHA, HUD, loan matters and problems.
b. Collating information accumulated from research of city
and federal agencies.
2.
Provide seed money loans:
a.
·'lro secure land ootion·s
b.
c.
Pay preliminary architect fees
Attorney fees
Title surveys
Other initial costs until loan closing
d.
e.
3. · Rehabilitation of deteriorating and substandard housing and
establishment of a program for sale of single-fami~y dwellings to occupant_ owners.
4.
Promote interested parties to help in solution of housing
problems ..
Operating funds of $22,200 have been· provided thus far through a
grant of $10,000 from the Atlanta Chamber of Commerce and $12, _200
f rom interested corporations. Plans are undtr way for providing more
· substantial funds for seed money loans and other purposes.
Selec t ion of the Board of Trustees and election of officers will
nrobably be comple t ed sometime in December, 1968, so that the pro;:7; 1~2.m
t he Cor poration will become f ully operative in 1969.
of
A report of t he ac tivities of the · Executive Di r ector in 1968 is
attacher.lo
!
Encl i lb
W. Le e Bur ge , Chai rman .
Fi na nc e and Non- Profit Funds Panel
Housing Re s ources Corruni ttee

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  1. http://allenarchive.iac.gatech.edu/originals/ahc_CAR_015_005_009_027.pdf

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