Atlanta City Councilmember Michael J. Bond Introduces Affordable Housing Development Ordinance

The City of Atlanta is currently considering an ordinance, introduced by City Councilmember Michael J. Bond, that would compel the sale of certain surplus city properties to affordable housing developers for one dollar ($1.00). If enacted, Ordinance 17-O-1463 (the “Ordinance”) would amend the City of Atlanta’s Procurement and Real Estate Code to require the City to sell for one dollar “any city-owned real property that is deemed surplus and is deemed feasible for use as affordable housing” to a Pre-Qualified Nonprofit Developer (“PQND”), a nonprofit developer, or a for-profit developer “for the purpose of developing new affordable housing units or rehabilitating existing affordable housing units.”


To read a detailed analysis of this ordinance please click HERE.