On Monday, Mayor Keisha Lance Bottoms signed legislation authorizing $50 million in new bond funding. This brings the City closer to $100 million in housing opportunity bonds to advance the goals of the Bottoms Administration’s One Atlanta: Housing Affordability Action Plan.
“Today, we are taking another major step in achieving our vision of building ONE Atlanta,” Bottoms said about the legislation. “It is my pleasure to sign into a law a measure that represents a huge investment in the future of Atlanta and its residents.
“This legislation authorizes $50 million in new bond funding,” she added. “It also sets the stage for $100 million in housing opportunity bonds.to help bring the dream of affordable homes to many of our residents. By signing this legislation, we are taking another huge step towards achieving the reality of affordable housing for everyone who calls or wishes to call Atlanta home.”
— City of Atlanta, GA (@CityofAtlanta) January 11, 2021
In June 2019, the mayor introduced her “One Atlanta: Housing Affordability Action Plan,” a comprehensive action plan that addresses a number of factors related to housing affordability in Metro Atlanta. The vision of the plan was to substantially increase the number of Atlanta residents who reasonably can afford their housing costs., including the preservation of 20,000 units of affordable housing around the city.
“Across the nation, housing affordability is among the most difficult challenges facing cities today,” Bottoms said in a letter that forwards the action plan. “Atlanta is no exception. My top priority as Mayor is ensuring that Atlanta is affordable for all who desire to call our city home and especially for long-time residents.”