Housing Authority of the City of East Point, Georgia: Market Research Report

Background

Overview

The Housing Authority of the City of East Point (EPHA) is a public agency dedicated to providing affordable housing solutions to residents of East Point and surrounding communities in Fulton County, Georgia. Established in 1949, EPHA operates under the guidance of a six-member Board of Commissioners appointed by the Mayor of East Point. The agency's mission is to develop quality affordable housing for individuals and families while promoting self-sufficiency and neighborhood revitalization.

Mission and Vision

Mission Statement: "It is the mission of the East Point Housing Authority to provide and encourage the development of quality affordable housing for individuals and families while promoting self-sufficiency and neighborhood revitalization."

Vision Statement: "The East Point Housing Authority will become a premier provider of affordable/sustainable communities that are vibrant, healthy, and safe; where all people can achieve their full potential."

Industry Significance

As a key provider of affordable housing in East Point, EPHA plays a crucial role in addressing housing needs within the community. By offering programs that support low- and moderate-income families, the agency contributes to the social and economic stability of the region.

Key Strategic Focus

Core Objectives

Affordable Housing Development: EPHA focuses on increasing the availability of quality affordable housing units to meet the growing demand in East Point and surrounding areas.

Self-Sufficiency Programs: The agency implements initiatives aimed at promoting economic independence among residents, including job training and educational programs.

Neighborhood Revitalization: EPHA is committed to enhancing the livability of communities through property improvements and community engagement efforts.

Areas of Specialization

Public Housing Programs: Management and maintenance of public housing units for eligible families.

Housing Choice Voucher Program: Assistance to low- and moderate-income individuals in securing housing in the private market.

Resident Services: Provision of support services to enhance the quality of life for residents.

Key Technologies Utilized

Property Management Software: Tools for efficient management of housing units and maintenance requests.

Data Analytics: Utilization of data to assess program effectiveness and inform decision-making.

Primary Markets Targeted

Low- and Moderate-Income Families: Individuals and families seeking affordable housing options.

Elderly and Disabled Persons: Specialized programs catering to the needs of senior citizens and individuals with disabilities.

Financials and Funding

Funding History

EPHA receives funding primarily through federal allocations from the U.S. Department of Housing and Urban Development (HUD), state resources, and local government support. Specific financial details, including total funds raised and recent funding rounds, are not publicly disclosed.

Notable Investors

As a public agency, EPHA does not have traditional investors. Its funding is sourced from government allocations and grants.

Utilization of Capital

Funds are allocated towards the development and maintenance of affordable housing units, resident support services, and neighborhood revitalization projects.

Pipeline Development

Key Projects

The 55: A planned 60-unit affordable and mixed-income housing community, with construction anticipated to begin in 2025.

Wagon Works Phase I: Currently under construction, this project aims to provide additional affordable housing units.

Wagon Works Phase II: A proposed development featuring up to 50 affordable residential units, with plans in the early stages.

Target Conditions

These developments aim to address the housing needs of low- and moderate-income families, seniors, and individuals with disabilities.

Timelines

The 55: Construction expected to commence in 2025.

Wagon Works Phase I: Under construction; completion date not specified.

Wagon Works Phase II: Proposed; timeline to be determined.

Technological Platform and Innovation

Proprietary Technologies

EPHA utilizes property management software to streamline operations and resident services. Specific proprietary technologies are not publicly detailed.

Significant Scientific Methods

The agency employs data analytics to assess program effectiveness and inform decision-making processes.

Leadership Team

Executive Team

Michael Spann: Executive Director.

Tara Mobley: Director of Administration.

Debra Stephens: Director, Real Estate & New Initiatives.

Professional Backgrounds and Contributions

Michael Spann: As Executive Director, Spann oversees all operations of EPHA, ensuring alignment with the agency's mission and strategic objectives.

Tara Mobley: Manages administrative functions, including human resources and compliance, supporting the agency's daily operations.

Debra Stephens: Leads real estate development and new initiatives, focusing on expanding affordable housing opportunities.

Competitor Profile

Market Insights and Dynamics

The affordable housing sector in East Point and Fulton County is characterized by a high demand for quality housing options among low- and moderate-income families. The market is influenced by federal and state funding allocations, local economic conditions, and demographic trends.

Competitor Analysis

EPHA operates in a competitive landscape with other housing authorities and private developers offering affordable housing solutions. Key competitors include the Housing Authority of Fulton County and private entities involved in affordable housing development. EPHA differentiates itself through its comprehensive resident services and commitment to neighborhood revitalization.

Strategic Collaborations and Partnerships

Collaborations

Georgia Initiative for Community Housing (GICH): EPHA collaborates with GICH to advance housing goals through shared learning and policy development.

Homes for Heroes Program: Partners with this program to offer support and resources to first responders and East Point city employees, assisting them in homeownership within the community.

Operational Insights

Strategic Considerations

EPHA's strategic focus on affordable housing development, resident services, and neighborhood revitalization positions it as a key player in addressing housing needs in East Point. The agency's collaborations and partnerships enhance its capacity to deliver comprehensive solutions to residents.

Strategic Opportunities and Future Directions

Future Business Directions

Expansion of Affordable Housing: Continued development of new housing units to meet the growing demand.

Enhanced Resident Services: Implementation of programs aimed at promoting self-sufficiency and community engagement.

Sustainable Development: Incorporation of sustainable building practices in new developments to promote environmental responsibility.

Opportunities for Expansion

Opportunities exist in forming additional partnerships with private developers and community organizations to expand affordable housing options and resident services.