New low-income housing rare in Atlanta, says professor Immergluck

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  • Dan Immergluck Dan Immergluck

The city of Atlanta has been experiencing a boom in the luxury apartment sector – think stainless steel appliances, quartz countertops, hardwood finishes, on-site gym and saltwater pools. According to one study by CoStar Group, nearly every apartment unit that came on the market between 2012 and 2014 fell into the luxury category.

As of this summer, there were more than 11,000 apartments under construction and another 11,000 proposed, according to consulting firm Haddow and Company. The vast majority of those fall in the luxury category says Georgia Tech SCaRP professor Dan Immergluck.

“There’s essentially no new low-income housing development,” says Immergluck, who studies housing and real estate markets. “There’s also very little for moderate income folks, and so there’s this mismatch, and what it’s going to force people to do is stretch.”

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School of City & Regional Planning

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  • Created By: Jessie Brandon
  • Workflow Status: Published
  • Created On: Nov 10, 2015 - 4:22am
  • Last Updated: Oct 7, 2016 - 10:27pm