ATLANTA mayor unveils ambitious BILLION dollar affordable housing plan for the city

Hotlantan

Beep beep. Who's got the keys to the Jeep? VROOM!
OG Investor
Atlanta mayor unveils ambitious affordable housing plan for the city
https://www.ajc.com/news/local-govt...ing-plan-for-the-city/oLN2ubz41pXRtG2WbzPuQL/




Atlanta Mayor Keisha Lance Bottoms on Monday unveiled a citywide affordable housing plan, putting into action one of her central campaign pledges – to invest $1 billion in public and private funds to combat rising housing costs and the displacement of longtime residents.


The 43-page document – called the One Atlanta Housing Affordability Action Plan – offers a menu of policy proposals. They range from finding ways to use existing public dollars and land as an incentive to attract private sector investment to changes in zoning, expediting redevelopment of vacant and blighted properties, developer incentives, and the creation of a housing innovation lab.

Supporters called it the most comprehensive housing plan of its type in the city’s history.

bottomshousing.JPG

June 24, 2019 - Atlanta - Atlanta Mayor Keisha Lance Bottoms (third from right) participates in a ground breaking as she unveiled a new affordable housing plan at a press conference on Monday. Her One Atlanta: Housing Affordability Action Plan is intended to serve as a roadmap to increase the supply of housing in the City of Atlanta for a full spectrum of residents.


But in order to make the proposals a reality, the effort will test Bottoms’ ability marshal the resources of the city, state and federal agencies, as well as local businesses, developers and nonprofits. She will also have to convince the City Council to pass legislation such as zoning changes that might risk running afoul of neighborhood groups.

In the hours after the unveiling, critics of the plan said it was short on details housing advocates said they’d expect for a document presented 18 months into the mayor’s first term. One prominent housing expert said he fears the city’s plans will take too long to deploy and potentially miss the current economic expansion only to face the headwinds of a potential recession.

At a press conference before a ceremonial groundbreaking for Creekside at Adamsville Place, a 147-unit affordable rental development in southwest Atlanta, Bottoms said the document would serve as the framework for how the city deploys $1 billion in public and private funds and create or preserve 20,000 affordable units by 2026.

“Rents are going up in around our city, but the increase in wages is not keeping pace,” Bottoms said. “There’s a growing gap in what people can afford and what people make.”


newsEngin.24368348_062519-Bottoms-housing-ba03.jpg

June 24, 2019 - Atlanta - Atlanta Mayor Keisha Lance Bottoms unveiled a new affordable housing plan at a press conference on Monday. Her One Atlanta: Housing Affordability Action Plan is intended to serve as a roadmap to increase the supply of housing in the City of Atlanta for a full spectrum of residents.


The city has enjoyed a booming economy and a development surge primarily focused on luxury housing. That’s put a squeeze on renters and homeowners who have seen their property taxes soar. Meanwhile, city agencies failed to fill the gap in new affordable housing development.

The 13 initiatives and 45 other items will require dozens of pieces of legislation, which Bottoms told reporters would be drafted as necessary.

The city and related government bodies control some 1,300 acres, some of which could be used for new development. Bottoms said she would push the Atlanta Housing Authority (AHA) to redevelop 300 acres of former housing projects into mixed-communities, something she said would create 2,000 new affordable units.

AHA has largely remained on the sidelines during the economic boom, mired in leadership turmoil and lawsuits. The agency also lacks a permanent CEO, a role Bottoms told reporters is a priority to fill.

Other changes could come to zoning and building codes for more flexibility for unique multi-family housing and construction processes. Bottoms also said her administration would explore expansion of inclusionary zoning, which requires developers set-aside a percentage of new rental units as affordable.

“The reality is that no city has gotten this right, and in true Atlanta fashion, I truly believe we will be the first to get it right in terms of the affordable housing challenge across this country,” Bottoms said.

‘Not a moonshot’

Sarah Kirsch, executive director of Urban Land Institute of Atlanta, applauded the plan. She said the plan builds on recommendations of HouseATL, a leadership group that presented more than two dozen proposals to the city last year.

“This is not a moonshot, this 20,000 units,” Kirsch said. But echoing astronaut Neil Armstrong, she called it “a giant leap” for affordability in the city.

Though Atlanta likes to tout its quality of life and affordability to industry, rising rents have squeezed residents as wages for many have stagnated.

Dan Immergluck, an affordable housing expert and a professor at the Urban Studies Institute at Georgia State University, said he was unimpressed by the plan.

“There’s too few details, no firm dollar commitments on different proposals,” he said.

Immergluck said Bottoms is right to want to use local, state and federal dollars to attract private sector resources. But unless the mayor finds significant sources of local funds, Immergluck said she won’t be able to leverage the public dollars very far. He also said AHA’s land should be used to create far more than 2,000 new units.

New construction is needed, Immergluck said, but city could add units faster by creating its own housing voucher program.

As a candidate for mayor, Bottoms also left many housing advocates with the strong impression she would seek mostly new local revenues to build the $500 million in public dollars for her $1 billion housing pledge.

On Monday, Bottoms said she always stated that she intended to use existing dollars to attract private investment while pledging to find new government funding.

The document discusses potential future housing bond programs and exploring potential fees that other cities have enacted to help finance new affordable housing.

Alison Johnson a member of advocacy group Housing Justice League, said she wanted to hear more from the mayor about how she plans to keep longtime renters from being displaced.

Johnson said that the mayor’s anti-displacement efforts mainly focus on protecting homeowners from rising property taxes. In some neighborhoods, particularly south and west of downtown, more than 80 percent of residents rent, Johnson said.

“How are those people going to be protected?” she asked.
 
Good shit.. shes trying to make good on her promise... i like dat.. sounds like the plan is laid out pretty good....
 
She needs to publicize and increase first time homeowner downpayment assistance programs for low income residents.

I received 32,000.00 in 2008 to buy my condo. I made about 50k that year and busted my ass to do it...never would have been able to save that amount on my own. I only used 1500 of my own money.

I tell people all the time that funds are out there. People don't believe me or don't follow up. If the money isn't used it goes back to the Federal government and may not be earmarked in the next budget.
 
Eh, could be a good idea, could turn out shitty. A bunch of subsidized housing for low income in one area almost always just ends up being a ghetto. And doing this in areas like Adamsville could just essentially be bringing back the projects. But for it to work the housing has to be built in less desirable areas, like I see they're starting in Adamsville. A huge low income apartment complex over there could suck for the residents. Affordable housing is cool but hopefully she's figure out a way to keep the crime element that has historically come along with it in Atlanta. That's the main reason they got rid of all of the subsidized housing to begin with. If she can do that then cool. But putting a huge apartment complex in an already low income area and limiting it to households under 50k... I dunno how good of an idea that is.
 
She needs to publicize and increase first time homeowner downpayment assistance programs for low income residents.

I received 32,000.00 in 2008 to buy my condo. I made about 50k that year and busted my ass to do it...never would have been able to save that amount on my own. I only used 1500 of my own money.

I tell people all the time that funds are out there. People don't believe me or don't follow up. If the money isn't used it goes back to the Federal government and may not be earmarked in the next budget.

Are you still in that condo?

32k is a nice chunk of change.
 
Are you still in that condo?

32k is a nice chunk of change.

Yes. I'm 2 blocks from the AUC and a MARTA Station. I don't see myself selling anytime soon. West End Mall is about to be redeveloped too...shheeeeeeet.

A rising tide raises all ships. Told people to buy in the West End back then.

They didn't want to be around a MARTA station...now look, proximity to a station is one of the amenities they want most.
 
Yes. I'm 2 blocks from the AUC and a MARTA Station. I don't see myself selling anytime soon. West End Mall is about to be redeveloped too...shheeeeeeet.

A rising tide raises all ships. Told people to buy in the West End back then.

They didn't want to be around a MARTA station...now look, proximity to a station is one of the amenities they want most.

Big time gentrification country now. That place was sketchy as fuck in 2008 though lol. I was in undergrad back then and you certainly didnt want to be walking around that area at night when you visited some girls at Clark Atlanta.:lol:
 
Big time gentrification country now. That place was sketchy as fuck in 2008 though lol. I was in undergrad back then and you certainly didnt want to be walking around that area at night when you visited some girls at Clark Atlanta.:lol:

As I told people back then, it's a metropolitan area. Act accordingly. Any train station or major bus stop area in any city is going to be an area of caution. No big deal if you have any street smarts whatsoever.

I'm from South Carolina and I figured it out pretty quickly. Georgia Tech white students are the ones getting stuck up these days, not so much over here.
 
My point is that she should focus on Homeownership programs rather than cheap rent. One brings a sense of pride, accomplishment, and community, the other is just moving poor people from one place to another and keeping them in their tax bracket...they are not accumulating equity over time that they could use for college, to buy more real estate, etc.
 
They are going to give all the apartments to teachers, firefighters, and police to buy their vote.
 
It’s definitely ambitious and Im no native of ATL so my scope is very limited on the city.

However, considering ATL is fast growing and that many non-native ATLiens are moving to the city for high paying jobs, inflation seem inevitable and this affordable housing may quickly turn into another project type housing if not regulated by the right people. Even then, I’m not sure regulation can stop what people in general is going to bring to the table.
 
My point is that she should focus on Homeownership programs rather than cheap rent. One brings a sense of pride, accomplishment, and community, the other is just moving poor people from one place to another and keeping them in their tax bracket...they are not accumulating equity over time that they could use for college, to buy more real estate, etc.

So I guess the real question to the mayor would be “who is going to own those units since the tenants will be paying rent?”

:idea:
 
It’s definitely ambitious and Im no native of ATL so my scope is very limited on the city.

However, considering ATL is fast growing and that many non-native ATLiens are moving to the city for high paying jobs, inflation seem inevitable and this affordable housing may quickly turn into another project type housing if not regulated by the right people. Even then, I’m not sure regulation can stop what people in general is going to bring to the table.

This is the biggest issue I have with it and i'm hoping she has an answer for that.

if im reading this correctly
20000 units
only 2000 earmarked for low income

If this is the case, this is exactly what they're doing with the west end mall redevelopment. I mean gentrification and crazy housing increases was inevitable over there once the belt line and the new Falcons stadium hit the area. I rode through there Saturday and there's a street right off of cascade that runs up to the west end where the belt line runs along it. There are a couple of breweries over there now and I was looking around at the people like damn, am I still in the west end??? Nothin but white folks lol. With this new development I think they said they're going to reserve 15 to 20% of the units for affordable housing. Poor folks anywhere between Tyler Perry Studio and Bankhead hwy really gonna be in trouble these next few years. Between that new development going in over near the bankhead marta station, the tons of boarded up homes that have been bought up by cash investors, the "prettying" up of MLK, the belt line, the development at the west end and that next phase of the streetcar that's supposed to go down to Campbelton Rd.... lot of folks gonna have to find somewhere else to live.
 
Back
Top