Housing Affordability Action Plan

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July 4, 2019 / By WebSiteAdmin

The One Atlanta: Housing Affordability Action Plan outlines a bold vision to achieve Mayor Bottoms’ vision to provide a pathway to affordable and equitable housing opportunities for all who desire to call Atlanta home.

Atlanta’s population is increasing, but new housing construction has focused on higher-cost demand.

In 2017, Atlanta was the third fastest growing metropolitan region in the United States. As our population grows, many of our long-term residents are experiencing challenges related to affordable housing, particularly as much of the new residential development has focus on higher-cost units.

While our economy has grown over the last decade, wages have not kept pace with rising rents.

Between 2000 and 2017, Atlanta’s median rent increased by over 70%, but Atlanta’s median income only increased by 48%.

There is a growing gap between what people can afford versus what people are making.

As housing costs have grown, more Atlantans have been forced to spend a greater percentage of their income on housing costs. In 2016, more than half of Atlantans were considered housing-cost burdened.

Our plan will implement 13 initiatives and 45 actions to achieve four key goals:

Create or preserve 20,000 affordable homes by 2026 and increase overall supply:

  • Leverage vacant public land for housing
  • Create and expand housing affordability tools
  • Revise the Zoning Code

Invest $1 billion from public, private, and philanthropic sources to produce and preserve affordable housing:

  • Maximize existing funding sources
  • Develop new funding sources
  • Increase philanthropic and private investment in affordable housing

Ensure equitable growth for all Atlantans and minimize displacement:

  • Prevent involuntary displacement
  • Explore expansion of property tax programs for creation and preservation of affordable housing
  • Expand awareness of and increase participation in housing affordability programs

Support innovation and streamline processes:

  • Establish a Housing Innovation Lab
  • Improve Building and Zoning Codes
  • Improve our system for developing and delivering affordable housing
  • Enhance community engagement

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