Through the Home on the Westside program, people who live, work or go to school in the five supported neighborhoods have access to below-market rents and down payment assistance. WFF has multiple initiatives to provide housing at affordable rates to westside residents. We can’t afford this mortgage unless we jack up rents 30%.’ The goal is explicitly not to do that,” Ahmann said. “We try to make sure that there’s enough philanthropic equity in each of those projects, that someday down the road, when we have to go refinance these projects … we’re not put in the position of being like, ‘Oh, well, we can’t do that. The target is based on the cost of already-completed projects and a forecast of real estate market conditions. WFF estimates that’s what is needed to complete the units the affordability they want. Over the years, WFF has also received donations and loans from various corporations in Atlanta, including Chick-fil-A, Delta Air Lines, Home Depot and Cox Enterprises, which owns The Atlanta Journal-Constitution.īut WFF has plans to develop about 500 more housing units and the latest fundraising push would help reach the finish line on those projects.Īhmann and his team have set a working target to have $50 million to $55 million in philanthropic and public grants committed by the end of 2024. In 2022, WFF raised $8.7 million in charitable grants and public funds, according to the group’s year-end report. The nonprofit has also acquired around 36 acres in English Avenue and Vine City.

So far, WFF has built or is currently building around 400 units of single-family or multi-family affordable housing.

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