In 2012, a group of leading real estate professionals in Atlanta founded the Atlanta Real Estate Collaborative (AREC). AREC’s goal was to create innovative solutions to the problem of homelessness. In studying the issue, AREC board members zeroed in on a faulty housing dynamic: People who desperately needed housing and property owners who badly needed tenants often failed to get together.
After more analysis, it was clear that legal, financial, and perception barriers about the homeless made some property owners hesitate. Unfortunately, the owners’ reluctance left vulnerable families and veterans “out in the cold.”
To overcome barriers – one by one if necessary – AREC created a new action-oriented program called Open Doors. Its mission was “making connections to bring people home.” The new program found innovative ways to reduce obstacles and to bring both parties together. Whether owners needed help to negotiate fair housing requirements or wanted concrete assurance that renters could pay, Open Doors and their nonprofit service provider partners provided the answers. Along the way, Open Doors also improved
lives and boosted bottom-lines — a combination that worked. Just four years later, Open Doors has facilitated housing for more than 4,000 residents.
WE BLEW AWAY THE GOAL OF 500 PLACEMENTS FOR 2016!
|Veteran w/ family members||52|
|Non-vet w/ family members||206|
|Total Households Housed||612|
|Total # of Veterans||244|
|Total # in families w/ kids||660|
|Total Individuals (no kids)||345|
|Total People Housed||1005|
Board Bios and Photos Coming Soon!
Aaron Goldman, Chair
Sara Haas, Secretary
Kelley Henderson, Treasurer
Atlanta Real Estate Collaborative (AREC), a group of private individuals with extensive real estate experience, has housed over 2,000 individuals in approximately 1,300 apartment units in just over two years. AREC connects property owners and managers to the Open Doors team, assisting with recruitment and education of affordable properties.
Enterprise Community Partners serves as the fiscal sponsor for Open Doors. Enterprise provides ongoing program support through research, process development, marketing and data analysis. Enterprise has invested $163 million in grants, loans and equity, which leverage almost $577 million in total development cost to create or preserve 8,500 affordable units in the Metro Atlanta Region.