Atlanta Urban Development Corporation (AUD)

It’s been an incredible three week streak! AUD is excited to announce that developer BRP Companies, in partnership with Prusik Group, has acquired historic Mall West End for a planned redevelopment! AUD provided a $5M acquisition loan to the project. This development partnership will transform the iconic property into a mixed-used, mixed-income project, featuring nearly 1100 residential units, including a mix of affordable and market-rate rental units, with 20% of the rentals priced at or below 50% AMI, an additional 10% at or below 80% AMI. The project plans also include student housing, a hotel, and 120,000 SF of commercial space, including space for legacy businesses. This project was a multiagency effort, with Atlanta Beltline contributing an additional $5M in acquisition loans, and cooperation from the Mayor's Office and policy teams. Shout out to AUD staffer Saxton Phillips and John Majors for helping to bring this highly anticipated project to market! Click below to learn more! https://lnkd.in/e6bANqhJ Andre Dickens Courtney English

Recently, our CEO, John Majors, had the honor of moderating an insightful panel discussion on Private Financing Resources for Residential and Commercial Development at the Developers of Color Summit. A big thank you to everyone who attended the AUD vendor fair--we truly appreciate your engagement and look forward to continued collaboration!

Today, Andre Dickens held a press conference with APS’s new Superintendent, our CEO John Majors, and key partners to celebrate the City’s $30 million investment in youth and family programs. Atlanta Public Schools (APS) and Atlanta Urban Development Corporation (AUD)’s recently-announced partnership will provide for the redevelopment of APS owned land into affordable, mixed income communities for Atlanta residents, including families with school aged children. and APS employees. Our team is eager to get started and committed to delivering affordable housing on the designated sites. A special thank you to everyone in this commitment, including APS board members who attended the meeting--this wouldn't be possible without your collaboration and support! Karen Young Patten, MSRE Stephanie Blank, Frank Brown, Esq., Kwame Johnson, David Jernigan, Nancy Flake Johnson, John Hope Bryant, Bryan Johnson APS Board Members: ERIKA Y MITCHELL, Jennifer McDonald, Katie Howard, Aretta Baldon, Kenneth Zeff, Ed.D., Eshé Collins, Alfred Brooks II, Cynthia Briscoe Brown, Jessica Johnson

AUD’s partnership with APS creates an incredible opportunity to reimagine neighborhood spaces in a way that addresses current community needs, including affordable housing for families and APS employees.

BIG News! 🎉 AUD closed its first project! The Proctor, a 137-unit new construction residential community from Windsor Stevens on the Westside, offers studios, 1- and 2-BR units with access to major job and restaurant hubs in West Midtown. The Proctor will offer 30% of its units at rents affordable to households earning at 50% AMI or below. AUD contributed a $6.5 million construction loan through its Housing Production Fund (HPF). This project is a model for interagency partnership, and was made possible by deep coordination with Atlanta Housing. Special shout out to AUD project lead John Michael Lankford on his first of many successful closings with AUD! Rod Mullice John Majors Basis Investment Group, LLC ("Basis") Invest Atlanta Isaac Yilma Kenneth Neighbors

Last week, the AUD team had the privilege of meeting with Mayor Andre Dickens, who has been instrumental in the mission to create or preserve 20,000 affordable housing units by 2030. We're excited and motivated to continue the hard work and dedication required to achieve this important goal for our city!

AUD’s CEO, John Majors, will join other inspiring local leaders for an engaging conversation with developers of color about the new options for accessing capital for their development projects in the City of Atlanta. Register here: https://lnkd.in/ecsDBdam

AUD’s CEO, John Majors, will join other inspiring local leaders for an engaging conversation with developers of color about the new options for accessing capital for their development projects in the City of Atlanta. Register here: https://lnkd.in/ecsDBdam

Happy Wednesday! We are excited to share quick video from 11 Alive News that highlights our first projects. Take a look! "Timing is always the critical factor of any real estate development project" John Majors

Happy Wednesday! We are excited to share quick video from 11 Alive News that highlights our first projects. Take a look! "Timing is always the critical factor of any real estate development project" John Majors