Quote:
Originally Posted by jsvh
I think targeting limited subsidies to just start an area can be a valid strategy, but it still does not address the underlying issues. Once those areas are going they will still be unaffordable.
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While I do agree we need more 'dense' 'affordable' housing near the city center, I believe even if they only build luxury buildings in the city core (as is happening now), I believe that will ultimately put downward price pressures on older properties people are leaving, and that will 'trickle down' (kind of hate that phrase) to lower income properties. Of course there is an issue if a growing city cannot develop enough housing to match the influx of residents, and in that case, housing stock will go up at every price point. I kind of think that is the case here in Atlanta.
I think a big problem in Atlanta, even in areas served by Transit (Brookhaven), the NIMBY people shoot down density which will serve the purpose of increasing supply in cheaper areas. I think developers are also having issues securing financing, so that is where Fulton Co and Invest Atlanta come in to help push things along.