Atlanta Regional Housing

News & Updates

ABC: City of Atlanta needs to boost workforce housing

December 14, 2015 Uncategorized No Comments

InvestAtlanta, the city of Atlanta’s economic development arm, recently released a “Housing Strategy” report that made a strong case for more workforce housing. There is just one problem: none of the programs the policy wonks and planners promote are funded at anywhere near adequacy, nor does the Beltline currently have any funds to back its own mandate.

(Atlanta Business Chronicle Op-Ed by Bruce Gunter, Progressive Redevelopment, Inc.) InvestAtlanta, the city of Atlanta’s economic development arm, recently released a “Housing Strategy” report that made a strong case for more workforce housing. In a city (and society) of widening separation of rich and poor, workforce housing helps to diminish the income gap, deconcentrate poverty, and reduce traffic congestion, if properly located. High-quality workforce housing is sorely called for in Atlanta.

And also by the Beltline. In fact, the original charter of the Beltline mandates that 20 percent of the total units in any housing development funded by or on land sold by the Beltline be workforce housing.

There is just one problem: none of the programs the policy wonks and planners promote are funded at anywhere near adequacy, nor does the Beltline currently have any funds to back its own mandate. This glaring discrepancy between rhetoric and reality will stymie Atlanta’s growth and exacerbate negative trends if not addressed. Research by Georgia Tech’s Dan Immergluck lays this bare: the City of Atlanta is experiencing an annualized loss of 1,600 low-cost rental units, while the development of luxury multifamily units (95 percent of all recently developed units) has roared back from the recession.

Read the Full Article at Atlanta Business Chronicle (Subscription Required)


0 comments

Comments are closed.