Prof. Immergluck supports Mayor Reed's call for Fulton to address affordable housing problem

*********************************
There is now a CONTENT FREEZE for Mercury while we switch to a new platform. It began on Friday, March 10 at 6pm and will end on Wednesday, March 15 at noon. No new content can be created during this time, but all material in the system as of the beginning of the freeze will be migrated to the new platform, including users and groups. Functionally the new site is identical to the old one. webteam@gatech.edu
*********************************

External News Details
Media
  • Dan Immergluck Dan Immergluck
    (image/jpeg)
Mayor Kasim Reed called on Fulton County officials to do more to address a growing affordable housing problem in Atlanta. In Thursday’s annual State of the City speech, during which he discussed topics ranging from crime to wage equity, Reed urged Fulton County to follow the city’s lead and require developers seeking taxpayer subsidies for residential projects to include affordable housing in their plans.

Affordable housing has become a hot topic in recent years as rental prices have risen while wage growth has lagged. An October 2015 report by Georgia Tech’s Dan Immergluck, a professor in the School of City and Regional Planning, found that 95 percent of rental units built between 2012 and 2014 were luxury apartments. The same report finds a decline in affordable, low-cost units.

Immergluck praised the mayor for calling on Fulton to address the affordability issue, but noted “even the 10 percent set aside by Invest Atlanta is a bit on the low side, especially for the large luxury high-rises that have received substantial subsidy.”

Additional Information

Groups

School of City & Regional Planning

Categories
No categories were selected.
Keywords
No keywords were submitted.
Status
  • Created By: Jessie Brandon
  • Workflow Status: Published
  • Created On: Feb 10, 2016 - 5:54am
  • Last Updated: Oct 7, 2016 - 10:27pm