Development of Rental Townhomes in Edgewood neighborhood (Atlanta, Marietta: low income, section 8)

[stewardiw]

Changes coming in southeast Atlanta neighborhood *| ajc.com

The above is a link to an article about the upcoming development of 100 rental townhomes (gov't funded) in the Edgewood neighborhood.

How do you think the development of these will affect the neighborhood?

[Merin]

Good question. If they are having success in Marietta I say try it. I am a bit interested in the price-point and criteria the property managers will use when renting out these townhomes.

[mceis]

This is not going to be good. The last thing this area needs is a large infusion of low income people. Crime is bad enough as it us. It's going to get a lot worse.

[oakhurstlauren]

It just depends on the price point. Rental doesn't necessarily mean bad.

[stewardiw]

I agree, but how high could the price point be if they're inteneded for people that can't afford to purchase a home? It would seem to me that there is plenty to rent in the neighborhood as it is. Luckily rentals are pretty high and it helps to keep the neighborhood in better shape but if these homes aren't considered affordable I imagine that these townhomes will be priced lower. Also, how often are gov't funded projects succesful in achieving what they set out to do??

[Karma.Police]

Originally Posted by stewardiw

I agree, but how high could the price point be if they're inteneded for people that can't afford to purchase a home? It would seem to me that there is plenty to rent in the neighborhood as it is. Luckily rentals are pretty high and it helps to keep the neighborhood in better shape but if these homes aren't considered affordable I imagine that these townhomes will be priced lower.

Great, Just what we need. Another suburban import that doesn't want rental units in a neighborhood they don't even live in.

Originally Posted by stewardiw

Also, how often are gov't funded projects succesful in achieving what they set out to do??

Eastlake Village and Centennial Place are government funded projects that achieved what they set out to do.

[oakhurstlauren]

You assume all renters can't afford a home. People rent for a variety of reasons. Sometimes, rent is even more expensive than a mortgage would be.

[Karma.Police]

Originally Posted by oakhurstlauren

You assume all renters can't afford a home. People rent for a variety of reasons. Sometimes, rent is even more expensive than a mortgage would be.

I don't make that assumption. In fact, I agree with you. For some renting is a better option than home ownership. I don't see "renter" as a dirty word, but understand that any vibrant neighborhood is going to have a mix of home owners and renters. How stale would Midtown or Virgina-Highland be if there were no renters? It's a symbiotic relationship that is for the most part misunderstood?

[kirkwoodhipster]

The only positive I can think of is that the townhomes will be new and will replace those horrible Edgewood Apartements, which were some of the ugliest buildings ever constructed. They may be a catalyst for more investment on that street.

But this area really does not need more Section 8 housing. Edgewood already has plenty of it.

Hopefully the construction is quality and the price point isnt too low.

I know the Apartments on Boulevard have no price point, so the people live there for free. It would not be good if these townhomes are similar.

[oakhurstlauren]

Originally Posted by Karma.Police

I don't make that assumption. In fact, I agree with you. For some renting is a better option than home ownership. I don't see "renter" as a dirty word, but understand that any vibrant neighborhood is going to have a mix of home owners and renters. How stale would Midtown or Virgina-Highland be if there were no renters? It's a symbiotic relationship that is for the most part misunderstood?

I was actually referring to the OP and should have stated such. We are in complete agreement, hug it out?