241224 YC MALB 2024 - SAM R4

VISION What we aspire to see

STRATEGIC PRIORITIES

TELL OUR STORY

STRENGTHEN OUR CAPABILITY

GROW OUR IMPACT

DELIVER ON OUR PROMISE

STRATEGIC ARTICULATION MAP 2025-2029

Vibrant Communities

Market and Aordable Housing

Economic Opportunity

Land and Real Property

Public Space

PURPOSE What we will do to get there

CRITICAL INITIATIVES

The Purpose of the Metro Atlanta Land Bank is to:

ACQUIRE Title to Tax Delinquent, Vacant, Abandoned, Dilapidated and Other Properties which it will in turn inventory, classify, manage, maintain, protect, rent, lease, repair, insure, alter, sell, trade, exchange or otherwise dispose of under such terms and conditions.

CORE VALUES What values will center our work

PURSUE MORE MULTI-FAMILY AND

STRENGTHEN AFFORDABLE HOUSING PURSUIT AND FOCUS

DEVELOP AND EXECUTE FUND DEVELOPMENT STRATEGY

PERFORMANCE (MEASURES, REPORTING)

COMMERCIAL PROPERTIES

The MALB will be guided by the following eight principles:

GROW OUR HIGH PERFORMING TEAM

STRATEGICALLY IDENTIFY PARCELS

MUNICIPAL PARTNER HOUSING INITIATIVES

Transparency

Accountability

Professionalism

Equity

STAKEHOLDER ENGAGEMENT

EXTINGUISH Past Due Tax Liens Held by Fulton County, City of Atlanta and other municipal partners to facilitate the return to productive use.

Partner Collaboration

Innovation

Community Centered

Stakeholder Focus

STRENGTHEN DONATION PROGRAM

NEIGHBORHOOD TRANSFORMATIONS

STRENGTHEN AND GROW BRAND

GROW PARTNERSHIPS

DIFFERENTIATORS Things we must do dierently going forward

RETURN Non-revenue Generating, Non-tax Producing Property to an Eective Utilization Status in order to support the creation of market and aordable housing, public space, new industry and jobs for the citizens of the member cities and the County.

INTRODUCE, STRENGTHEN AND INNOVATE LAND BANK PROGRAMS

CITY COUNCIL / COUNTY COMMISSIONER ENGAGEMENT

More and better community outreach

Be more innovative

Educate the public

GROW OUR TERRITORY, REACH AND INFLUENCE

Strengthen our brand and awareness of our work with ALL stakeholders

Engage brand ambassadors and champions

Facilitated by

Published and Adopted by MALB Board in 2024

VISION SNAPSHOTS When we want to see it

Our headlines representing our aspirational visions realized; Photos from the future

ECONOMIC OPPORTUNITY

AFFORDABLE HOUSING

VIBRANT COMMUNITIES

START SMALL 2025

SCALE FAST 2027

THINK BIG 2029 AND BEYOND

START SMALL 2025

SCALE FAST 2027

THINK BIG 2029 AND BEYOND

START SMALL 2025

SCALE FAST 2027

THINK BIG 2029 AND BEYOND

2024

COMMERCIAL

ACCESSIBILITY

TRANSIT DEVELOPMENT

Selling fee simple properties with primary focus on aordable housing product

Communities of aordable housing near public transit situated near commercial hubs

Identify commercial nodes of focus

Acquired first commercial property

Many aordable housing developments give residents access to public transit, schools, and commercial hubs

Acquiring land and properties in highly sought after areas and infusing/ensuring aordable rental

Completed surplus property project with Atlanta Public Schools (APS)

Use Atlanta Public Schools (APS) program + Star-C Model as SOP for new partners

Making property available for development that can include small developers.

Acquired land near public transit

Developed strategic action plan for housing

Successful development of multiple mixed (residential & commercial) properties.

and ownership opportunities.

AFFORDABILITY PARTNERS

NEIGHBORHOOD TRANSFORMATION

CITY/COUNTY ACQUISITION AGENT

Partnering with more community land trusts for permanent aordability or those organizations willing to do long term (30+ years) aordability

Partnering with ALT, AH, and IA to provide aordable housing opportunities in the community.

Launched MALB Land Trust and supportive program

Accelerate program with vetted land trust(s)

Provided turn-key solutions to partner organizations

Successful transaction out of MALB inventory to begin restoring tax revenue

Fine tune commercial operations with capacity needs of commercial development

Aordable housing situated near commercial hubs where residents support local commerce

Preservation of permanent aordable housing in mixed income,

Selected neighborhoods + partner organizations

Acquired properties with methodologies in place

MALB is a buyer’s agent for the City of Atlanta.

sought after communities

DEVELOPER OPPORTUNITY

TRANSFORMATION

EQUITY

Removing obstacles to

More mixed income development & use that have commercial options as a component

Developed more robust relationships with commercial developers

Incentivized commercial development with free land MALB acquired (ground lease)

New and rehabilitated housing with less crime and nuisance. Improved aesthetic.

Completed aordable mixed-use

Identify neighborhood / property

Secured monetary resources to begin work

Expanding the Permanent Aordability

Equitable opportunities for people who come from lower incomes to be able to purchase homes and start the work to change their tax bracket/economic status

Partner organizations and home buyers identified

Develop an equitable policy (income based)

development thus returning vacant, blighted properties to the tax rolls.

communities for working class and low income for workforce housing and moderate to low-income housing

Program beyond the pilot + with additional partners

DIVERSIFIED FUNDING

Received foundation funds

Received IRS designation of 501(c)(3) status

Increase in available capital to be used by MALB for acquisition.

Selling fee simple vacant lots to entities with experience (job opportunities) versus individuals for the development of aordable housing

SCALE HOUSING

DEVELOPER PARTNERS

Completion of 500 units of aordable housing during 5-year period

Verbena Land swap and the Thomasville Heights property acquisition.

More joint ventures with developers for aordable mixed income, mixed use

The partnerships with AH, Invest Atlanta and the City of Atlanta

Develop model + SOP for joint ventures

Identified qualified pool of developers

Complete 2 multi-family

Completed additional

developments (Low-income housing tax credit)

multi-family development (Atlanta housing)

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