Atlanta welcomes almost 80,000 new residents each year. Although incomes are rising and poverty is decreasing, Atlanta remains the fifth poorest city in the nation.

We are grateful to the many partners that support our work in Atlanta..

Enterprise has invested more than $64 million to help seven Atlanta community-based organizations produce more than 1,200 affordable homes since 1994. Enterprise Atlanta also works to forge partnerships that address a broad array of community development issues including education, safety, economic development, employment and resident empowerment. Photo: Mike Elliott

Atlanta Acquisition Pool
Loans for developers of affordable housing and mixed-income communities throughout the city of Atlanta.

Accomplishments
Since 1995, Enterprise has developed more than 1,500 homes for low- and moderate-income families

• We manage more than $50 million in federal funds and $12 million annually in community revitalization.
• In the first year under Enterprise management, the Atlanta Renewal Community Coordinating Responsible Authority, Inc. (ACoRA) approved more than $3 million of grant awards and post-secondary scholarships to provide life opportunities in the city’s poorest neighborhoods (an additional $10 million are pending), and allocated $18 million of community revitalization deductions.
• We created the Georgia Alliance of Workforce Development, a coalition of 138 organizations that help underserved residents prepare for and acquire livable-wage jobs.
• Enterprise created and manages the Mechanicsville Community Learning Collaborative (MCLC), an innovative model that integrates school reform and community building.

Success Story
Young Hughley, Jr. came back to Atlanta with the dream of saving his childhood community of Reynoldstown, southeast of downtown. A prosperous working-class neighborhood for decades, Reynoldstown’s economy declined, and by 1990, more than 42 percent of its families were living below the poverty level.

Enterprise provided operating support and training for Hughley’s burgeoning nonprofit, the Reynoldstown Revitalization Corporation (RRC). The organization has developed more than 310 affordable homes in a rapidly gentrifying neighborhood for residents whose incomes average $20,570. Dozens more are in the pipeline. A renewed sense of community inspires residents to participate in safety programs and neighborhood cleanup projects. Residents are enjoying local services provided by new businesses and appreciate RRC’s successful efforts to place their community on the National Register of Historic Places.

“Enterprise provided much-needed financial support and expertise. We would not be where we are now without their help.”
Young Hughley, Jr., President and CEO, Reynoldstown Revitalization Corporation

Local Collaborations

ACoRA
Enterprise staffs and runs the Atlanta Renewal Community Coordinating Responsible Authority, which oversees the tax incentives for the renewal community and the remaining funding for Atlanta's empowerment zone.

Atlanta Acquisition Pool
Loans for developers of affordable housing and mixed-income communities throughout the city of Atlanta

Mechanicsville Community Learning Collaborative
Enterprise created and manages this innovative model that integrates school reform and community building..

Enterprise Community Partners
The Hurt Building
50 Hurt Plaza, Suite 980
Atlanta, GA 30303

Phone 404.523.6060
Fax 404.523.0540
Email Clara

Clara Axam
Local Office Director

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