The Centennial Yards Company’s 304-unit apartment tower at the Gulch development in downtown Atlanta was supposed to include 61 affordable housing units as part of the developer’s agreement with the city.
But the city’s inclusionary zoning guidelines give companies the option to pay the city directly instead of developing the units themselves.
However, the city has not updated the rate per unit which developers must pay since 2017, failing to take into account rising construction costs and the current housing market.
Read this story now for free
To continue reading, sign up for our newsletter and get unlimited access to WABE.org
You can select your preferences for news and local content. We will never share your email address. Learn how your newsletter sign-up will support WABE and Public Media
