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The Strong, Prosperous and Resilient Communities Challenge Awards $90 Million
Douglas Sams reports on a new funding resource for Atlanta in its efforts to "maintain affordable housing for some rapidly gentrifying intown neighborhoods along the Beltline."
"Atlanta was one of six cities to win funding Wednesday from a $90 million program known as the Strong, Prosperous and Resilient Communities Challenge, or SPARCC," according to Sams.
Atlanta joins Chicago, Denver, Los Angeles, Memphis, and the San Francisco Bay Area to round out the list of six regions selected for the grants
The funding comes from "private sources including the Low Income Investment Fund and the Ford, Kresge and Robert Wood Johnson foundations," reports Sams.
The article by Sams focuses in more detail on the potential benefits of the program for Atlanta neighborhoods such as the Old Fourth Ward. Equity has been a common topic in Atlanta in recent months, as controversies have followed the development of the city's Beltline project.