City of Atlanta issued the following announcement on Feb. 25.
Mayor Keisha Lance Bottoms announced the release of the first progress update on the One Atlanta: Housing Affordability Action Plan. The report highlights affordability progress made through December 2020 by the Administration, Atlanta Housing, Invest Atlanta, Metro Atlanta Land Bank and Atlanta BeltLine, Inc. The One Atlanta: Housing Affordability Action Plan was released in June of 2019. The report also includes a snapshot of the City’s efforts to serve Atlanta residents and businesses impacted by COVID-19.
“While our work is not done, our Administration and partners have made great progress on housing equity in Atlanta,” said Mayor Bottoms. “Our efforts on housing affordability—especially for legacy residents—must be just as deliberate as the discriminatory and redlining efforts made by those who created the challenges we face. Together, we can create an Atlanta where opportunity and upward mobility is within everyone’s reach.”
In just the second year of the six-year plan, the City has launched more than 65% of the actions detailed in the plan. Since January of 2018, the City and its agencies have committed and invested more than $497 million in the creation and preservation of 6,007 affordable homes. In 2020, $22 million was dedicated to emergency housing assistance efforts in response to the COVID-19 pandemic. The City also created an anti-displacement tax fund set to launch in 2021 to assist legacy residents to remain in their homes. Additionally, the City launched the Housing Affordability Tracker—the City’s first inter-agency dashboard that reflects investments made in affordable housing, increasing transparency and accountability. The City also aligned the One Atlanta Economic Mobility Strategy with the Housing Affordability Action Plan to take a holistic approach to address economic and housing challenges.
Last month, the Mayor signed legislation enacting into law her Executive Order to invest $50 million in new bond funding and setting the stage for $100 million in housing opportunity bonds.
The One Atlanta: Housing Affordability Action Plan Progress Report can be viewed online here.
Original source can be found here.
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