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