Recent analysis shows that Atlanta is among the 39 metropolitan areas that have flipped to being a place where it’s cheaper to rent than buy a home. Local realtor Scott Pratt backs that up, saying for the first time in years — possibly decades — Atlanta has seen a negative net migration. He believes more people are moving out of Atlanta than moving in, because home prices are too high.
Atlanta Mayor Andre Dickens is trying to combat that and recently announced his $5 billion Atlanta Neighborhood Reinvestment Initiative, which includes a $1.3 billion plan to subsidize affordable housing projects. He aims to extend existing tax allocation districts to fund community investment projects, with an initial focus on seven neighborhoods: Thomasville Heights, English Avenue/ Vine City, Grove Park/Bankhead, West Hollowell, East Campbellton, West Campbellton and Downtown Atlanta.
For the November installment of Coffee Conversations held at Grant Park Coffeehouse, program host Rose Scott talked with a panel of guests about what exactly TADs are, the pros and cons of them, as well as other possible solutions that could potentially help build stronger communities and center equity for all Atlanta residents.
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