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EOWIN L. STERNE
CHAIRMAN
GEORGE S. CRAFT
VICE CHAIRMAN
J. B., BLAYTON
FRANK G. ETHERIDGE
JACK F. GLENN
Project:
Description:
Total Cost:
This includes:
M, 8. SATTERFIELD
EXECUTIVE DIRECTOR AND SECRETARY
LESTER H. PERSELLS
ASSOCIATE EXECUTIVE DIRECTOR
CARLTON GARRETT
DIRECTOR OF FINANCE
GILBERT H. BOGGS
DIRECTOR OF HOUSING
HOWARD GPENSHAW
DIRECTOR OF REDEVELOPMENT
GEORGE R. SANDER
TECHNICAL DIRECTOR
824 HURT BUILDING
ATLANTA, GEORGIA 30303
JACKSON 3-6074
January 27, 1969
Neighborhood Development Program
The acquisition of 378 Parcels of Land; Clearance of
52 Acres; The rehabilitation of 570 housing units; Also
relocation of ):31 families and 10 businesses with the
goal of having 911 MNA families turning in adequately
serviced standard, affordable housing units by the end
of 1969 as a result of New construction and rehabilitation
activities.
$ 12,626,969
$ 349,67 Federal Relocation Grant :
31,250 Federal Rehabilitation Grant
1,627,528 Disposition Proceeds
6,812,183 Federal Project Capital Grant
3,06, 2) Local NCGIA Credits
1. All of these funds are committed.
The local share is $ 3,06,2l1, funded
by the following Non-Cash-Grants in-aid:
Completed Non-Cash-Grants-in-Aid:
Hoke Smith High School $ 191,851
Gideons Elementary School 680, 827
Pryor Elementary School 1,007,620
D. H. Stanton Elem. School 1, 368,180
Capitol Avenue Elem. School 27,000
Grant Park 86,686
Key Park 57,565
stanton Park __ 150,873
$ 3,580,602
Required Non-Cash-Grants-in-Aid:
Surplus Non-Cash-Grants-in-Aid:
$ 3,406, 2h.
$ 17h, 361
Page No. 2
January 27, 1969
Neighborhood Development Program
2. The approved budget includes funds to hire staff and buy equipment
sufficient to meet tnese goals this year if the staff can be re-
_cruited.
3. The application for Federal grants to carry out these activities
in the Model Cities area under the Neighnbornood Development Program
for 1969 has been submitted and approved by the Federal grant in
the amount of $ 6,999,200.