According to a new investigative report published by Atlanta Civic Circle, the City of Atlanta’s Affordable Housing Trust Fund is being used to pay housing bond debt and staff salaries.
The trust fund was launched in 2021 to cover funding for affordable housing initiatives. However, the report suggests Atlanta Mayor Andre Dickens’ administration used $4 million to pay staff and another $8.8 million to pay debt for city-issued housing bonds. The total spending equaled $12.8 million.
At the start of the 2025 fiscal year in July, the housing trust fund had a balance of $28 million; however, by April of this year, the fund had approximately $4.7 million.
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