In the 2008 round of the Neighborhood Stabilization Program (NSP) , PCIA applied for and received $2 million from the City of Atlanta. The Annie E. Casey Foundation then agreed to match this allocation. PCIA has begun to strategically land bank foreclosed and abandoned properties across the neighborhood for rehabilitation and eventual lease-purchase and long-term rental opportunities for low-income residents. PCIA also partners with the Casey Foundation’s Center for Working Families to provide training, educational, and supportive services for residents.
The American Recovery and Reinvestment Act was a tremendous infusion of public investment throughout the country. Georgia is slated to recieve $11 billion dollars by the year 2012. Beyond the enormity of the investment, ARRA also represented a snapshot of the priorities of local and state agencies. Despite the fact that one of the principles of the Recovery Act was to benefit those hit hardest by the recent recessions, the speed of implementation meant a general lack of innovation or targeting toward low-wealth populations.
The following report outline how dollars generally flow from federal to local agencies, how dollars are being invested, and cases where there is a direct benefit to low-wealth populations. This is a selection of the hundred of funding programs and does not include the ‘safety net’ programs like Temporary Assistance for Needy Families (TANF) or Unemployment Assistance which directly aid poor people.
For more information, see Recovering Stronger report (PDF).