Housing groups have called for the purchase and renovation of 7,500 homes in metro Atlanta over the next five years to help rebuild Atlanta neighborhoods in the wake of the foreclosure crisis. This achievement will create jobs, help fill neighborhoods with homeowners and increase property values – without burdening local tax dollars.
“The rebound of the housing market has inventories at early 90s levels, and builders have returned. Competition is getting fierce. It’s time to expand that inventory by tens of thousands of homes with purchase and renovation,” Derrick Duckworth, leader of Committed to Communities, a group of REALTORS, lenders and non-profits said in a statement to press.
Included in the call to action were the Atlanta Neighborhood Development Partnership and Resources for Residents and Communities, both network members of NeighborWorks America, along with Invest Atlanta and Lifecycle Building Center.
The groups announced a free two-day educational event in the Adair Park neighborhood concerning purchase and renovation. On Saturday, Aug. 17, a house tour for prospective homebuyers will take place from 11 a.m. to 2:30 p.m., beginning at 786 Lowndes Ave. SW. Registration is encouraged but not required at http://adairparkc2communities.
The previous day, August 16, a separate event, primarily for community leaders, local officials, non-profits and real estate agents, will occur from 10 to 11:30 a.m. at 746 Lexington Ave. SW. The public is also invited.