The Strong, Prosperous and Resilient Communities Challenge Awards $90 Million

Six regions have been selected for funding as part of the Strong, Prosperous and Resilient Communities Challenge, or SPARCC. A local news outlet reports on the potential benefits of the program for Atlanta.
February 15, 2017, 1pm PST | James Brasuell | @CasualBrasuell
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Daniel Lobo

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.

Full Story:
Published on Wednesday, February 15, 2017 in Atlanta Business Chronicle
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