Gentrification in Atlanta
As Atlanta's economy improves, there is significant growth
in residential real estate development - and with this
growth, concerns about gentrification are heightened. Many
in-town neighborhoods like West End, East Atlanta, Kirkwood,
and Old Fourth Ward have been growing in popularity - and
price - much to the dismay of some long-term residents. New
investments in the Westside and along the Beltline are
creating even more angst and concern about the
gentrification of formerly affordable neighborhoods.
During gentrification, development activity improves
conditions, results in new assets, increases desirability
and places upward pressure on rental rates and home prices.
When rental rates and property taxes soar, it ceases to be a
choice for low-income residents to stay in the neighborhood
they call home. But there are those who tout the benefits of
such housing market activity. They point to stabilized
neighborhoods, increased job opportunities, decreased crime,
more attention to public infrastructure and services,
increased tax revenues, and increased property values.
How can all parties involved examine and address the issue
in a manner that serves everyone equitably? What tools are
new to the gentrification response toolbox? Where is the
most current and accurate data? A decade ago, the
Reynoldstown community worked hard to manage the impact of
gentrification. What lessons can we learn from Reynoldstown?
Can we apply those lessons in new developments on the
Westside and along the Beltline?
Join us at the next Atlanta Regional Housing Forum as we
discuss the issue of gentrification.
St. Luke's Episcopal Church, 435 Peachtree
Street NE, Atlanta, 30308
Wednesday, September 3, 2014 9:30 a.m. - 11:45 a.m.