Atlanta City Council OKs oversight commission for Dickens’ $5B development plan

The Atlanta City Council has agreed to form an oversight commission for Mayor Andre Dickens’ $5 billion plan to spur development in historically neglected neighborhoods on the south and west sides. The Atlanta City Council has agreed to form an oversight commission for Mayor Andre Dickens’ $5 billion plan to spur development in historically neglected neighborhoods on the south and west sides.

The resolution passed Monday creates a 13-member Neighborhood Reinvestment Initiative Commission to “ensure fiscal responsibility” and “due diligence” as the body considers legislation to extend eight active tax allocation districts, or TADs, until 2055.

Source: AJC

Previous
Previous

Final Regulations on LIHTC AIT Procedures Published regarding Section 42

Next
Next

New foreclosures jump 20% in October, a sign of more distress in the housing market