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Throughout the US and Atlanta, a new trend has emerged and it's all about the central city. People are moving back in town and for good reason: close proximity to jobs, restaurants, theater, shopping; less time spent in cars; less lawn maintenance; and the desire to be close to the action. By 2030, the Atlanta region will see the population increase by 2.3 million people -- a whopping 40% increase! If we do not address the lack of available workforce housing within the City of Atlanta now, the average working-class person will continue to be forced to move to the suburbs, thus exacerbating the problems associated with sprawl: traffic congestion, pollution, water quality and quality of life.
"10
Reasons Why Developers Should Enter Into Public/Private
Partnerships"
NBIZ Magazine, Spring 2006
The opportunity for builders and developers is this – 60% of 2030 development will be built after 2000. The population as a whole in metro Atlanta is aging. We will see the percentage of people over age 55 increase from 21% to 31% by 2030. The number of families with school age children will decrease in metro Atlanta from 36% to 25% of total households by 2030. Where will these people want to live? For many, the answer is Atlanta’s central city.
Atlanta is currently one of the least dense cities in the US. Opportunities exist within the City to increase the supply of workforce housing and accommodate a larger share of the growth for the region.
Part of ADA's charge is to increase the inventory and availability of workforce housing and revitalize communities within the City of Atlanta. Our URFA and TAD programs are designed to do just that. By working together, we can create a vibrant and healthy City of Atlanta for future generations to enjoy.
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