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Highlighted Program Deliverables
HIGHLIGHTED PROGRAM DELIVERABLES
Program 2: $6 Million Line of Credit
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Invest Atlanta issued initial $50,000,000 (of $100,000,000) in bonds in 2021 as the Housing Opportunity Bond Program (HOB).
• On August 29, 2023, the MALB Board approved execution of $6,000,000 line of credit with Invest Atlanta. • The MALB’s line of credit was the first line of credit and designation of public acquisition funds under the Housing Opportunity Bond Program. • Funds to be used by the MALB to strategically acquire properties located in the Hollowell Road Corridor, Campbellton Road Corridor, Thomasville, and Downtown areas of the city.
Metro Atlanta Land Bank // Annual Report 2023
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