Atlanta Mayor, Shirley Franklin Welcomes Community to Cooperative Resource Center's Westview Lofts.

Loft Apartments Spur Resurgence of Both Residential and Commercial Property for the Westview Area

WHO:        Atlanta mayor Shirley Franklin, and City Councilmember
                Cleta Winslow will present Westview Lofts, an
                alternative housing innovation combining
                affordability, livability and diversity to Atlanta's
                Westview community.

                Cooperative Resource Center (CRC), a 501 (c)(3)
                non-profit housing development organization dedicated
                to creating innovative affordable housing for low and
                moderate income Georgians, and Georgians with special
                needs, is responsible for the Westview Loft
                development, and has organized this event for the
                community.

    WHEN:       August 30, 2005 at 10:30 am.
                Westview Lofts
                1537 Ralph David Abernathy Blvd, SW

    WHAT:       Atlanta-based Cooperative Resource Center, developed
                21 new loft style units in the Westview area.  The
                development features esteemed architectural design
                work mixing residential and commercial space along the
                street front at Ralph David Abernathy Blvd.  All units
                include wiring for high speed Internet as well as
                access to the site's courtyard and gazebo.  Residents
                for the property include a mixed income tenant base
                with 20% targeted at 30% area median income (AMI) or
                less. The new lofts signal a resurgence of both
                residential and commercial properties in the area.

                Development Sponsors include: FBI Economic Development
                Corporation, WaMu, National Development Council, DCA's
                Low Income Housing Tax Credit Program, Federal Home
                Loan Bank's Affordable Housing Program and GWL
                Construction

    CONTACT:    Miki McBride
                Cooperative Resource Center
                404-521-0406

About Cooperative Resource Center

Founded in 1992, Atlanta-based Cooperative Resource Center (CRC) is a 501 (c)(3) non-profit organization dedicated to the development of affordable housing for low and moderate income Georgians and Georgians with special needs. It is the largest and most successful affordable housing development organization in the state, a vital part of the growing non-profit community-based housing movement known as "Third Sector" housing. CRC aims to not only to create quality housing for lower income families but also to improve Georgia's communities. CRC is committed to changing under-utilized developments through appropriate funding, human resources and the encouragement of cooperative communities offering a positive lifestyle.