Peachtree-Pine homeless shelter in foreclosure - again
The Metro Atlanta Task Force for the Homeless faces a new crisis: foreclosure
Last time it was the water bill. This time it’s the mortgage.
The city’s largest homeless shelter is again in danger of being ousted from its longtime home just in time for the holidays.
The Metro Atlanta Task Force for the Homeless faces foreclosure actions brought by two separate lenders against the enormous old building it occupies at the corner of Peachtree and Pine streets. Barring some intervention, the former automotive parts warehouse is scheduled to be auctioned off on the courthouse steps Dec. 1.
The two delinquent mortgage loans are held by private charities that specialize in low-income housing: the Mercy Loan Fund, the lending arm of Denver-based Mercy Housing; and the Institute for Community Economics, which is affiliated with the National Housing Trust of Washington, D.C.