Atlanta's Housing Crisis
Metro Atlanta’s affordable housing stock is shrinking and the current multifamily development boom does not address affordability in any measurable manner. A recent report lists Atlanta as having the second-highest number of new high-end apartment units in the nation – an increase of 867% since 2012. At the same time, according to Invest Atlanta’s Housing Strategy, the number of Atlanta’s residents paying more than 30% of their monthly income rose significantly between 2000 and 2012. Today, nearly 68% of low-income rental households in Atlanta spend more than half of their income on housing alone. There are a troubling number of trends that impact housing affordability.
Atlanta is losing “naturally occurring” affordable housing at 16% annual rate, with nearly 8,000 units lost since 2010. Much of this loss is due to gentrification.(1)
24,000 of Atlanta’s affordable homes could be lost to expiring public subsidies by 2030. (2)
Atlanta has a current deficit of 25,000 quality affordable homes for households with income at or below $34,000 (50% AMI).
7 out of 10 Atlanta residents with household income at $24,000 or less (30% AMI) spend more than half of their income on housing. (3)
Atlanta saw 20 eviction filings and 13 completed evictions per 100 rented housing units in 2015. Eviction filings exceeded 30 per 100 rented households in 8 Neighborhood Planning Units. (4)
1 D. Immergluck, A. Carpenter, A. Lueders. 2016. Declines in Low-Cost Rented Housing Units in Eight
Large Southern Cities
2 National Housing Preservation Database, 2016
3 Enterprise Community Partners, 2017 Housing Insecurity Profile
4 Elora Raymond, et al., Georgia Tech