Affordable Housing


Some Notes to Consider Before Hopping In!

What does affordable housing mean?

Affordable housing is generally defined as housing on which the occupant is paying no more than 30 percent of gross income for housing costs, including utilities.

$79,601 - Median Household Income

2019 VALUE

± $2,818

0.896%

1 YEAR GROWTH

± 5.28%

Households in Cobb County, GA have a median annual income of $79,601, which is more than the median annual income of $65,712 across the entire United States. This is in comparison to a median income of $78,894 in 2018, which represents a 0.896% annual growth.

The following chart shows how the median household income in Cobb County, GA compares to that of its neighboring and parent geographies.

Data from the Census Bureau ACS 5-year Estimate.

How available is housing in Cobb County?



Available Resources for Homeowners


How is Commissioner Richardson Approaching Affordable Housing?

Tenets to Success

  • Program Sustainability

    • The program should be able to survive without government input, but rather be sustainable due to good market practices and proper legislative guardrails

  • Upward Mobility

    • Concentrated poverty creates a lack of upward mobility for all parties involved. This is the measure of an individual or family's ability to continue increasing their net worth through access to opportunities and stay viable within their place of residence.

  • Community Re-investment

    • By focusing on the unique needs of communities, reinvesting in the community, and keeping wealth circulating within a community, the sometime brutish tide of gentrification can be reduced to a net-zero amount. This can be achieved by facilitating the businesses within a local area and encouraging entrepreneurship and local investment by residents. The community is able to capitalize on its own growth and continue it through generations.

General Categories & Approaches

Younger Generations

  • Employment Availability

  • Career Development and Entrepreneurship Outreach

  • Mixed-Use Zoning & ComDev

  • Down-Payment Assistance

  • Joint-Housing Agreements

  • Land-Bank on Down Payments

  • Lifecycle Housing Communities

Senior Downsizing

  • 30% AMI Housing

  • Senior Housing Developments and Livable Communities

  • Tiny Homes

Housing Stock and Accessibility

  • Down-payment Assistance

  • Rental Assistance

  • Mixed-Use Zoning & ComDev

  • Eviction Protection Rights (NDO)

  • Land-Bank on Housing Finance for Privately sold properties

  • New Development Incentives

  • Corporate Investment Inventory & Short Term Rental Guardrails

  • Corporate Subsidized Housing Tax Benefits for Teachers, Government Workers, Veterans, and Public Safety Officer Housing

Housing Safety

  • Renter's Bill of Rights

  • Code Enforcement

  • Sustainability Codes/Standards

  • Live, Work, Play Communities

  • Community Centers/Recreational Sports

Related Systemic Categories

Homelessness

  • Housing Pipeline with Public Safety

Drug Addiction

  • Drug Court

Mental Health Obstacles

  • Mental Health Court

Transportation & Infrastructure

  • Broadband

  • Transit Options

  • Language Barriers


Be a Part of the Solution