Truist Foundation awarded a grant to long-time partner Project Community Connections to support the construction of affordable housing and a community center, aiding to elevate economic mobility for all.
In 1996, Atlanta hosted the Summer Olympics, putting the city on the map. With international attention on Atlanta, the city spent millions in preparation for the Games, including building new sports venues and updating streets and sidewalks. During this time, public housing also saw an upheaval.
Public housing developments were demolished and replaced by mixed-income housing and the Olympic Village. Following the Games, the Olympic Village was turned into student housing at Georgia State University instead of being reverted back to affordable housing for Atlanta residents. Tens of thousands people were displaced by Olympic-related demolition or were evicted from public housing. With limited housing options and unhoused service providers, many residents were forced to move to the outskirts of the city—or the streets.
About Truist Foundation
The Truist Foundation is committed to Truist Financial Corporation’s (NYSE: TFC) purpose to inspire and build better lives and communities. Established in 2020, the foundation makes strategic investments in nonprofit organizations to help ensure the communities it serves have more opportunities for a better quality of life. The Truist Foundation’s grants and activities focus on leadership development, economic mobility, thriving communities and educational equity.