Box 5, Folder 8, Document 2

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Box 5, Folder 8, Document 2

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Interfaith, Inc.

P. O. Box 9715
Atlanta, Georgia 30319
Phone 404/237-6154

September 6, 1968



Mr. R. Earl Landers, Administrative Assistant
City of Atlanta

City Hall

Atlanta, Georgia 30303

Re: Removal and Rehabilitation
of Houses From the Atlanta
Airport Expansion Site

Dear Mr. Landers:

We respectfully request, on behalf of Interfaith, Inc., your
review and approval of our proposal in connection with the above-
captioned project.

Interfaith, Inc., is a nonprofit corporation organized under
the laws of the State of Georgia; the membership is composed of
Atlanta area churches and church associations which represent a
broad cross section of the concerned religious leadership in
Metropolitan Atlanta,

One of the major objectives of Interfaith, Inc. is to provide
improved living conditions for low to moderate income families
within the metropolitan area. In the furtherance of this objective,
Interfaith, Inc. is proposing to serve as the contractor for the
above-captioned project. Our present plan is to provide for
comprehensive residential developments, utilizing special financing
assistance available by virtue of the 1968 Housing and Urban
Development Act. This legislation enables acceptable nonprofit
organizations to obtain financing equal to 100 per cent of the total
development cost of housing and related facilities, developed in
accordance with the provisions of this legislation. Families of
low to moderate incomes will be eligible to purchase the completed
housing at a monthly rate within their ability to pay.

Intexaith's concern is with the general welfare of the less
fortunate residents of Metropolitan Atlanta and has dedicated its
efforts to provide improved housing opportunities on a nonprofit
basis. All members, officers and directors of Interfaith serve
without financial compensation and offer their considerable skills
voluntarily. This effort of Interfaith represents the first
cooperative effort in the Greater Atlanta area to provide a united
Mr. R. Earl Landers
September 6, 1968
Page 2

attack by private nonprofit organizations on one of the major problems
confronting our city, namely, substandard housing.

. There are approximately 500 houses on the land adjacent to the
‘Atlanta Municipal Airport that are to be removed within the next
few months, and for which no contract has been let. In addition to
these there will probably be more such removals at a later date.

We would like to offer the services of our organization to
become a nonprofit sponsor of an F.H.A. project to remove, relocate
and rehabilitate these houses for F.H.A. qualified low to moderate
income families. Under this project we would accept ownership of
these houses as you make them available, and move them to an F.H.A,.
approved site, rehabilitate them to the high standards of F.H.A. and
resell them to low to moderate income families under the F.H.A.
financing of 1% interest and 35 year mortgage.

If the city feels that some payment should be received for these
houses a mutually agreed upon amount, the same for each house, can
be paid at the time we accept ownership. We would suggest that
this payment per house (if needed) be kept as small as feasible since
it is a direct addition to the sales price that the new owner must
pay, and as this cost goes up the income the family must have to
afford the purchase must be higher. The lower the final cost of
these houses the lower the income group that can be served.

If the city of Atlanta can enter into this agreement with
Interfaith, Inc. we feel that the following advantages will be
realized:

1.) <A large number of houses for low and
moderate income families would be put
on the market very quickly and ina
number of locations throughout the
Atlanta area.

2.) Because of the extensive rehabilitation
work more of the houses will be put back
in use,

3.) Better houses will be made available
because of the F.H.A. standards and
constant inspection,

4.) This program will provide houses for the
low to moderate income families at the best

available financing with 35 year mortgage at
1% interest,
Mr. R. Earl Landers
Page 3
5.)

6.)

7.)

8.)

9.)

September 6, 1968

Priority in purchasing these houses will
be given to the qualified families that
are being displaced. +

The total clearing operation would be
speeded up since essentially the same
movers will be used plus additional ones
obtained by Intexfaith, Inc.

The contracting for the work will be speeded
up because each house can be released to
Interfaith, Inc. just as soon-as it is cleared
by your land agent,

One contractor, Interfaith, Inc., means
one responsibility in effecting priorities
of moving, scheduling and timing of all
phases of the work,

And finally, of inestimable value, will be

the services of a concerned and interested
group of church people to help these families,
by counseling and otherwise, as they make this
relocation and transition.

We will appreciate your consideration of this proposal and we
will be glad to meet with you to answer any questions you might have,

JS/mc
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heviey Cavs
Faw) Jey

‘ f ahaa
Coad Aen .

j j oo
AV aveere wens

Sincerely,

Ole oes wee
John Steinichen, III

Chairman
Board of Trustees

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