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An official neighborhood of Atlanta. Site of former Perry Homes, which were demolished in 1999. [9] Includes Columbia Estates, 124 townhouses and garden-style apartments, for rent; Columbia Heritage, a 132-unit mixed-income seniors housing development; Columbia Park Citi, a 154-unit mixed-income garden-style apartment complex
It may seem odd that Atlanta tops this list, until you consider that it costs 132% of a full-time minimum wage income to afford a one-bedroom apartment. That's more than any other city in the country.
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In 2016, it was found that Atlanta Housing Authority's publicly paid executives evaded federal rules capping pay at $158,700 by supplementing their salaries with money from the nonprofit National Housing Compliance, which receives money from a contract with the U.S. Department of Housing and Urban Development to administer low-income housing. [27]
The federal government, through its Low-Income Housing Tax Credit program (which in 2012 paid for construction of 90% of all subsidized rental housing in the US), spends $6 billion per year to finance 50,000 low-income rental units annually, with median costs per unit for new construction (2011–2015) ranging from $126,000 in Texas to $326,000 ...
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related to: raleigh based on income apartments in atlanta