Local brief
A $150,000 plan would help city workers prepare to buy a home
The proposed donation would use Atlanta’s Affordable Housing Trust to fund homebuyer preparation and financial education through a nonprofit.
Atlanta would put up to $150,000 from its Affordable Housing Trust toward homeownership preparation and financial education for city employees under a proposal on the Finance/Executive Committee’s Nov. 10 agenda.[1][2]
Sponsored by Councilmember Jason H. Winston, Resolution 26-R-4350 would send the money to Develop & Empower USA, Inc. The resolution describes the nonprofit as a provider of homeownership preparation and financial education for first-time buyers, with this donation supporting city employees pursuing homeownership.[1][2]
The funding would support PEACH Ready, the homeownership-preparation piece of a broader employee housing effort the city’s Housing Policy Team is developing. PEACH stands for Public Employees Accessing City-wide Housing.[1]
Approval would not, by itself, make the donation agreement binding. The proposal requires approval as to form by the city attorney or a designee, execution by the mayor or a designee, and delivery to the nonprofit before the city incurs an obligation under the agreement.[1]
The City Council referred the resolution to the committee without objection on Nov. 2; that action was a referral, not approval of the donation. The Nov. 10 committee agenda lists the meeting for 2:30 p.m. in the Larry M. Dingle Committee Room at Atlanta City Hall, 55 Trinity Avenue.[1][2]
Sources
2 official sources cited in this report. The bracketed numbers in the text link here.