The city is partnering with the Woodruff and Whitehead Foundations, which will support the housing project with $100 million. The remaining $100 million coming from municipal bonds. The funds will help build new buildings, preserve older ones, and get other housing projects finally breaking ground.
Affordable housing was a top priority for Atlanta Mayor Andre Dickens during his mayoral campaign. In keeping politicians accountable, his administration seems poised to keep its promise of expanding affordable housing.
This affordable housing project hopes to address the needs of a growing rental housing crisis. Affordable housing supply is low, and many are spending half of their monthly income on rent alone.
Time will tell if the city will become a leader in affordable housing projects. Nationwide, affordable housing investments have decreased. Everyone deserves to have a place to call home, and this move could push other cities to do the same.
Atlanta’s new housing project could be game-changing for the local community. But, there are many instances where a city has stalled or canceled projects like this. We must hold the city accountable and ensure they keep their promise with this housing initiative.