Atlanta officials consider devoting 2 percent of municipal budget to affordable housing trust fundAtlanta City Hall. (Credit: Kelly Jordan)
Legislation proposed during Monday’s Atlanta City Council meeting endeavors to launch a trust fund dedicated to building and preserving affordable housing.
Authored by Councilman Matt Westmoreland and backed by eight other city leaders — including mayoral candidates Antonio Brown and Andre Dickens — the ordinance aims to establish the “Building the Beloved Community Affordable Housing Trust Fund,” which would use 2 percent of the city’s general fund annually.
“More than a half-century ago, the Rev. Dr. Martin Luther King first preached of building the ‘Beloved Communuty,’ a vision for a world free not only of poverty hunger and homelessness, but racism, discrimination, bigotry and prejudice,” the legislation reads.