Demolishing thousands of existing affordable apartments will drive up rents and housing costs throughout Sandy Springs as the people who currently live here will have to find new housing outside the city.
This would make it even harder for middle income teachers, nurses and police officers who work in our community to make it their home.
The solution is not to demolish existing housing but to offer multiple options for entry into home-ownership. Multiple home ownership options will provide for multi-generation families, mixed income communities and long-term residents:
- Converting current, multi-family, rental housing to home-ownership condominiums, facilitates a possible pathway for affordable home-ownership options especially for first-time homebuyers
- New mixed-income home development on under-utilized parcels offers more variety in addressing the next steps on the “ladder”
- There are many federal and state assistance programs for first-time home buyers available for first responders, teachers, and qualified health workers provided that the purchase prices is less than $250,000
Thus, giving many of the current residents an opportunity for wealth accumulation otherwise unattainable in Sandy Springs.