Expert: New city leadership must find funding sources for affordable housing
Atlanta Mayor-elect Andre Dickens will need to get creative in identifying new funding sources for affordable housing, since existing channels aren’t enough to make a serious dent in the city’s affordability crisis, says one local housing and development expert.
“[Dickens] needs to secure a regular annual funding stream for affordable housing, on the order of $40-plus million,” Georgia State University urban studies professor Dan Immergluck told Atlanta Civic Circle.
Immergluck has criticized the city for failing to find new municipal sources to spur affordable housing development, as it’s instead been largely relying on existing resources. Now, the pressure is on for Dickens to bring new fuel to these initiatives.