Atlanta Regional Housing

News & Updates

TransFormation Alliance Awarded $1M

February 28, 2017 Community Development Financing, ETOD No Comments
"Atlanta, USA - October 19, 2012: a MARTA sign located in Midtwon Atlanta indicates a bus stop. Marta means Metropolitan Atlanta Rapid Transit Authority. Photo taken with a fisheye lens."

Atlanta selected for SPARCC challenge. $1M grant awarded with access to $70M in financing capital.

TransFormation Alliance today announced that Atlanta was selected to join the Strong, Prosperous, And Resilient Communities Challenge (SPARCC). SPARCC is a three-year, $90 million initiative that will bolster local groups and leaders in their efforts to ensure that, as major new investments in transportation are made, they improve equity, health, and environmental outcomes for all residents.

Atlanta’s transit and community investments are at a transformational point, potentially increasing by billions of dollars. The award from SPARCC will enable Atlanta to create a new model of an equitable, healthy, and climate-wise development and ensure benefits for all residents.

Following a competitive application process in 2016, Atlanta is one of six sites chosen to receive initial funding and expert technical assistance from SPARCC. The others are Chicago, Denver, Los Angeles, Memphis, and San Francisco Bay Area.

Read the full release here.

 


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