Atlanta Launches Affordable Housing Fund

Some of Atlanta’s most seasoned real estate leaders have joined to launch the Atlanta Affordable Housing Fund, LP, a social impact fund designed to provide low interest rate financing for affordable housing projects. The founding board members include David Allman, Regent Partners; Robert LaChapelle, CBRE; Aaron Goldman and Tim Schrager, Perennial Properties; Chuck Shallat, Lincoln Property Company; Egbert Perry, The Integral Group; Dave Loeffel, Highlands Residential; and Marc Pollack, RangeWater Real Estate (formerly known as Pollack Shores). Ashani O’Mard, a local fundraising and affordable housing development expert, has been named as its executive director. The $25 million fund will deploy low-cost capital to qualified developers and sponsors, which is estimated to provide financing to create and/or preserve up to 1,500 affordable housing units.