Mortgage Loans in Atlanta, GA

History of Atlanta, GA

During the 2000s, city of Atlanta underwent a profound physical, cultural, and demographic change. As some of the African American middle and upper classes also began to move to the suburbs, a booming economy drew numerous new migrants from other cities in the United States, who contributed to changes in the city’s demographics. African Americans made up a decreasing portion of the population, from a high of 67% in 1990 to 54% in 2010. From 2000 to 2010, Atlanta gained 22,763 white residents, 5,142 Asian residents, and 3,095 Hispanic residents, while the city’s black population decreased by 31,678. Much of the city’s demographic change during the decade was driven by young, college-educated professionals: from 2000 to 2009, the three-mile radius surrounding Downtown Atlanta gained 9,722 residents aged 25 to 34 and holding at least a four-year degree, an increase of 61%. This was similar to the tendency in other cities for young, college educated, single or married couples to live in downtown areas.

Between the mid-1990s and 2010, stimulated by funding from the HOPE VI program and under leadership of CEO Renee Lewis Glover (1994–2013), the Atlanta Housing Authority demolished nearly all of its public housing, a total of 17,000 units and about 10% of all housing units in the city. After reserving 2,000 units mostly for elderly, the AHA allowed redevelopment of the sites for mixed-use and mixed-income, higher density developments, with 40% of the units to be reserved for affordable housing. Two-fifths of previous public housing residents attained new housing in such units; the remainder received vouchers to be used at other units, including in suburbs. At the same time, in an effort to change the culture of those receiving subsidized housing, the AHA imposed a requirement for such residents to work (or be enrolled in a genuine, limited-time training program). It is virtually the only housing authority to have created this requirement. To prevent problems, the AHA also gave authority to management of the mixed-income or voucher units to evict tenants who did not comply with the work requirement or who caused behavior problems.

Source: https://en.wikipedia.org/wiki/Atlanta

Geography and Demographics of Atlanta, GA

Atlanta encompasses 134.0 square miles (347.1 km²), of which 133.2 square miles (344.9 km²) is land and 0.85 square miles (2.2 km²) is water. The city is situated among the foothills of the Appalachian Mountains. At 1,050 feet (320 m) above mean sea level, Atlanta has the highest elevation among major cities east of the Mississippi River. 

Atlanta is sometimes called “City of Trees” or “city in a forest”, despite having lost approximately 560,000 acres (230,000 ha) of trees between 1973 and 1999.

During the late 20th century, Atlanta embraced the global trend of modern architecture, especially for commercial and institutional structures. Examples include the State of Georgia Building built in 1966, and the Georgia-Pacific Tower in 1982. Many of the most notable examples from this period were designed by world renowned Atlanta architect John Portman.

The 2020 United States census reported that Atlanta had a population of 498,715. The population density was 3,685.45 persons per square mile (1,422.95/km²). The racial makeup and population of Atlanta was 51.0% Black or African American, 40.9% White, 4.2% Asian and 0.3% Native American, and 1.0% from other races. 2.4% of the population reported two or more races. Hispanics of any race made up 6.0% of the city’s population. The median income for a household in the city was $66,657. The per capita income for the city was $54,414. 20.2% percent of the population was living below the poverty line.

Of the total population five years and older, 83.3% spoke only English at home, while 8.8% spoke Spanish, 3.9% another Indo-European language, and 2.8% an Asian language. 7.3% of Atlantans were born abroad (86th in the US). Atlanta’s dialect has traditionally been a variation of Southern American English. The Chattahoochee River long formed a border between the Coastal Southern and Southern Appalachian dialects. Because of the development of corporate headquarters in the region, attracting migrants from other areas of the country, by 2003, Atlanta magazine concluded that Atlanta had become significantly “de-Southernized”.

Source: https://en.wikipedia.org/wiki/Atlanta