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Affordable Homes Solution ATL

In 2021, the Federal Reserve declared that none of the 13 counties that make up the metro Atlanta area qualified as affordable housing markets. In these areas, monthly housing costs often consume more than 40% of homeowners' incomes, exceeding the 30% threshold that the Federal Reserve uses to measure market affordability. This lack of affordable housing has had significant consequences for residents of the metro Atlanta area, as many are unable to afford the cost of housing and are struggling to make ends meet. The Federal Reserve's declaration highlights the need for solutions to address the affordable housing crisis in metro Atlanta and other areas of the country.

Gentrification and accelerating housing prices have been an issue in many cities across the country, especially since the foreclosure crisis. As of November 2022, the average apartment rent in Atlanta, GA is $1,061 for a studio, $1,427 for one bedroom, $1,455 for two bedrooms, and $1,604 for three bedrooms.

Unique items
7
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Total items
28K
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Created
Dec 2022
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Creator earnings
7%
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Ethereum
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  • City: Atl 5d