SOAR FINDINGS – CITY COUNCILPERSONS / COUNTY COMMISSIONERS
STRENGTHS
OPPORTUNITIES
RESULTS
ASPIRATIONS
Doing the work of transforming neighborhoods that are underrepresented / underinvested Affordability Expansion of the land bank to additional municipalities in Fulton County; becoming a partner with those other municipalities and enduring some of that work in those communities outside of the city of Atlanta can have a great impact The Land Bank should really aspire to a broader awareness and the ability for a broad set of stakeholders in two sentences to say what the Land Bank does The Land Bank makes complicated things possible to create an outcome that is often affordable and not what the market dictates – it’s a cool, sophisticated instrument to create a good outcome.
Metrics showing that they're allowing lower income families, middle income families that normally wouldn't be able to live in certain neighborhoods, have their kids go to certain schools. Deal flow - You want a lot of things coming in, but you don't want them staying forever. You want them flowing out. Telling the story about really complex issues and solutions Thinking about geography suggest we work more in the suburbs. What are the implications of that? Having a broad group of ambassadors that drive deal flow
Excellent at partnerships bringing those different groups together to create these developments, whether that be developers, low-income developers, tax credits, people, municipalities, interest groups, foundations, that are interested in that world Making a market for properties to come in and be held that doesn’t otherwise have a home. Land Bank has been able to develop very solid relationships across a lot of different stakeholders which speaks to the strength of the brand
Curious whether the rising value and price of land is a threat Even though there’s been a lot of progress, most people have no idea what it does and how it exists Would love to see the Land Bank get more involved in commercial acquisitions Affordable housing, the aspect of maybe owning the land underneath the housing Market forces are a threat though working with governments makes that easier because they're not susceptible to the market Land Bank is unique position to address the eventual exit of this particular property cycle The Land Bank depends on both supply and demand to really make it work well. If people don’t know about the it, they don’t feed the flow.
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