Fresh Loaf

No matter how green its parks, sleek its streetcars and well-maintained its bike trails, should the planned Beltline become a playground solely for the well-heeled, it will have failed at one of its core objectives.

From its beginnings, one of the most important initiatives of the $2.8 billion Beltline project has been to ensure that people of all incomes have an opportunity to live near or along the 22-mile loop of parks, trails and transit. And even more importantly, to prevent Atlanta from repeating the past mistake of sweeping out longstanding communities for the cause of revitalization.

With last November’s referendum to allow school systems to legally participate in redevelopment projects — and the Atlanta Public Schools’ recent decision to once again opt into the Beltline’s tax allocation district — the largest public works endeavor of its kind in the country is now moving closer to becoming a reality.

According to Beltline legislation, 15 percent of the taxpayer dollars used to fund the project — about $240 million — must be set aside for affordable housing. The goal: 5,600 affordable units distributed throughout Atlanta over the 25-year lifespan of the project’s TAD, its main funding source. The first round of that funding, totaling $8.3 million, is currently under way.

“Arguably, that’s the largest single pot of money for affordable housing in the city of Atlanta,” says Bruce Gunter, president and CEO of affordable-housing developer Progressive Redevelopment Inc., who’s pushed for mixed-income communities and work force housing for more than 20 years. “I remember when you couldn’t get diddly for affordable housing.”

But the program had the misfortune to kick off in the middle of the big real estate meltdown. And the advisory board tasked with helping guide the program was recently told of an unforeseen ethical snafu.
In December, Gunter, then chair of the Beltline Affordable Housing Advisory Board, asked Ginny Looney, the city’s ethics officer, whether he and his fellow board members would be allowed to apply for the affordable housing incentive funds.

Continue reading “Beltline’s affordable housing program starts up despite shakeup, economy”

(Photo by Joeff Davis)

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In late 2007, Georgia Tech professor Dan Immergluck released a study that added numbers to a sneaking suspicion: Property taxes were rising fast along the southern half of the Beltline, the 22-mile loop of parks, trails and transit planned to circle Atlanta’s urban core, and posing a problem for longtime residents unable to afford the uptick.

The study served as a reminder that for all its promises of parks, streetcars and smart-growth development, the Beltline could potentially cause displacement and gentrification — and have a negative impact on the neighborhoods the project is designed to help.

Immergluck’s followed up the study with Foreclosed!, a new book about the origins and aftershocks of the nationwide housing market meltdown.

(more…)

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The New York Times Magazine offers a full preview online of its profile about Tony Brancatelli, a Cleveland City Councilmember who’s battling a problem currently plaguing Atlanta — what to do with the rows and rows of abandoned and foreclosed homes.

From the magazine:

Foreclosures are a problem all over the country now, but Cleveland got to this place a while ago. Cities, old and new, are looking at what’s occurring in Cleveland with some trepidation — and also looking for guidance. Already places as diverse as Atlanta, Chicago, Denver, Las Vegas and Minneapolis have neighborhoods where at least one of every five homes stands vacant. In states like California, Florida and Nevada, where many of the foreclosures have been newer housing, there is fear that with mounting unemployment and more people walking away from their property, houses will remain empty longer, with a greater likelihood that they will deteriorate or be vandalized. “There are neighborhoods around the country as bad as anything in Cleveland,” says Dan Immergluck, a visiting scholar at the Federal Reserve Bank of Atlanta and an associate professor in the city and regional planning program at Georgia Tech. Local officials from other industrial cities have visited Cleveland to learn how it’s dealing with the devastation. “Cleveland is a bellwether,” Immergluck says. “It’s where other cities are heading because of the economic downturn.”

Immergluck, if you recall, wrote the eye-opening 2007 report (PDF) that concluded property values were rising faster along the southern half of the Beltline — Atlanta’s 22-mile loop of parks, trails and transit — than the project’s other areas. Both that report and the Times article are great and deserve a read.

(Photo by Joeff Davis)

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