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Michael Friedrich: Atlanta’s land trust shows how to create affordable housing
Nonprofits that buy land, build homes and sell below market rate are giving low-income homebuyers a chance
(Monica Garwood | The New York Times)
By Michael Friedrich | Special to The New York Times
| April 19, 2021, 3:43 p.m. | Updated: 4:08 p.m.
If anyone knows how gentrification has displaced Black working-class residents in Atlanta, it’s Makeisha Robey, a preschool teacher. During her two decades living in the city, she has watched affordable apartment complexes vanish as new developments arise and wealthier, white residents move in.
After being priced out of renting in a series of neighborhoods, Ms. Robey, a 43-year-old single mother, became determined to buy a house of her own. “Being able to build some kind of equity, being able to have this home base where your family can come visit,” Ms. Robey said, “I wanted that for myself.”
Affordable Housing Forever
Nonprofits that purchase land, build homes on it and sell them below market rate are giving low-income buyers a chance.
By Michael Friedrich
April 15, 2021, 5:00 a.m. ET
Credit.Monica Garwood
If anyone knows how gentrification has displaced Black working-class residents in Atlanta, it’s Makeisha Robey, a preschool teacher. During her two decades living in the city, she has watched affordable apartment complexes vanish as new developments arise and wealthier, white residents move in.
After being priced out of renting in a series of neighborhoods, Ms. Robey, a 43-year-old single mother, became determined to buy a house of her own. “Being able to build some kind of equity, being able to have this home base where your family can come visit,” Ms. Robey said, “I wanted that for myself.”