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Atlanta’s City Council has approved a $26 million bond issue to help the homeless.
Late Monday, the council unanimously approved authorizing the city’s economic development arm, Invest Atlanta, to issue the bonds.
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The United Way of Greater Atlanta is also kicking in a $25 million donation. It’s part of a plan called ClearPath.
“It’s important because it’s going to allow us to have the funding that we need to really implement strategies around reducing chronic homelessness,” said Councilmember Natalyn Archibong.
The plan focuses mainly on providing permanent and emergency housing but it also looks at preventing families on the brink of homelessness from being displaced. According to a press release, in the next three years the city plans to:
- “Place 500 chronically homeless individuals in permanent supportive housing;
- Secure housing for 300 homeless families who will be rapidly rehoused in permanent units;
- Prevent 100 families from entering homelessness;
- Create 264 new emergency shelter beds; and
- Create 254 new housing interventions for homeless youth.”
Archibong said the city wants to partner with neighboring municipalities with a focus on DeKalb and Fulton counties.