SCALE FAST 2022
VIBRANT COMMUNITIES
AFFORDABLE HOUSING
ECONOMIC OPPORTUNITY
• 10th formerly blighted street is safe and walkable • Embrace density (a ordable owner-occupied condos and single family homes) whose home/land acquired needs demolition • Solar panels on roof (revenue generation) • LBA hosts investment workshop • Church property
• Launches aligned strategy with City of ATL, collaborative pipeline for residential and commercial investments in targeted neighborhood corridors to achieve equitable neighborhood revitalization, block by block • Launch of targeted PILOT (Payment program in lapse of taxes) • LBA is point agency leading a ordable housing e orts • Partner with LIHTC dev to reduce land costs (if LB controlled land beneath multifamily dev)
• City of Atlanta and Fulton County “really fund” the Land Bank Authority • Identify funding to support tax relief • $10MM of equity deployed to fulfill mission • Completes 1st joint venture development • LBA financially self su cient
• Occupied property trust • Advocacy for tax reform • Wholly owned subsidiary
DIFFERENTIATORS What we must do di erently going forward
Educate elected o cials and sta about LBA mission and plans
Define social media strategy in conjunction with branding strategy
Develop policy agenda solo or in concert with GA LBA association
Quarterly meetings – update on place-based e orts
Partner with ONE Atlanta – city o ce responsible for convening city departments to create thriving communities through public/private/np collaboration
Establish an operating reserve equal to 12-month budget
Updated web site
Change logo name and branding
Become Metro Atlanta Land Bank
OUR FORTE What we are uniquely well positioned to do
STRENGTHS What we’re really good at
PASSIONS What we love to do
MOTIVATIONS What drives and fuels us
• Helping people • Creating and providing safe, secure, a ordable housing which leads to a more stable life • Having a true impact by transforming neighborhoods and communities
• Identifying properties in overlooked communities • Holding developers accountable • Leveraging their powers to provide opportunities and benefit the community • Solving challenging issues and taking something that seems complex and making it work for the benefit of the citizens of Atlanta
• Identifying properties that can be turned into revenue tax generating properties • Focus on the mission • Executive Director’s leadership and vision • A consistent track record of performance and results • Authority under the law to clear delinquent taxes and get them back on the tax rolls • Land Bank is a valuable but underutilized asset • Making the best use of land that is inactive and making it vibrant again • Strategic relationship with Invest Atlanta
fccalandbank.org
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