Questions Remain About New Affordable Homeownership Program Run by an Atlanta For-Profit

Renters in Atlanta’s DeKalb County were given the opportunity to buy their homes at below-market values. Instead of selling homes to the highest bidders, a development company that bought the 72 homes sought to prevent displacement, create affordable housing, and help keep longtime residents in the neighborhood - especially those who make 60 to 100 percent of the area median income. Despite the good intentions, the solution did not take into account financial challenges such as bad credit, which hinders the ability to purchase a home or the expenses of owning a home, which can lead to debt.

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