On Monday, Atlanta Mayor Keisha Lance Bottoms and other city leaders announced the “One Atlanta: Housing Affordability Action Plan.”
It’s part of Bottoms’ overall plan to invest $1 billion from “public, private and philanthropic sources” toward creating and preserving affordable housing throughout the city.
The city’s Chief Housing Officer Terri Lee stopped by “Closer Look with Rose Scott” to outline some of the key areas of the plan including preserving existing affordable housing stock, purchasing and developing new housing inventory and to minimize displacement.
“We don’t want to slow development, but we also want to ensure that development is inclusive of providing affordability for our residents,” Lee said.
The city has a goal of creating 20,000 affordable housing units by 2026.
“I believe that the $1 billion is a good down payment on addressing the affordability crisis within the city of Atlanta,” Lee said. “As well as I believe that this plan is a good down payment on investment on really looking to see how we basically attempt to attack the affordability crisis.”
You can hear the entire conversation above and read the entire plan here.