Atlanta to issue $50M in bonds toward affordable housing

Atlanta Mayor Keisha Lance Bottoms said Tuesday she will sign an executive order issuing $50 million in bonds to bolster the city’s affordable housing stock.

The city will borrow the funds to invest in the “production and preservation of affordable housing,” the mayor’s office announced in a press release.

Last year, Bottoms unveiled a plan to put $1 billion in public and private funds toward affordable housing.

“Despite the financial impact of COVID-19, our Administration remains committed to securing and creating quality, affordable housing for our legacy residents and all who call Atlanta home,” Bottoms said in a statement Tuesday.

ExploreAtlanta leaders ponder $100 million bond for affordable housing

The $50 million bond sum is half of what Bottoms initially sought earlier this year, when she directed officials to finance $100 million in housing bonds. Those plans were stalled due to the COVID-19 pandemic and its impact on the city’s finances, though her new executive directs officials to find a way to issue bonds ultimately totaling $100 million.

About the Author

Some ‘No Kings’ protests may snarl traffic Saturday. Here’s how to get around.

"No Kings" protests are scheduled within metro Atlanta Saturday, and some have the potential to tie up traffic. Here's how to get around some of the larger ones.

2h ago

Atlanta approves ‘No Kings’ march permit

Atlanta Mayor Andre Dickens’ administration said it supported the first “No Kings” march held in June and expects upcoming events this weekend to remain peaceful.