Equity Goal
Goal Measurement •
Assess the minimum annual earnings by household size necessary to live in Midtown and Downtown Atlanta. Assess what policies can facilitate selection of commercial tenants committed to living wage compensation.
•
E-4
Support existing and encourage new small businesses that may be at risk with substantial growth in their area.
• Identify a definition for “small businesses”. • Quantify and map small businesses, and identify which from the total are owned by people of color to establish a baseline. • Assess what factors can (de)stabilize existing small businesses (e.g. chain competitors, loss of customer base due to displacement, and similar). • Assess what factors can en/discourage prospective small business owners (e.g. cost of rent, real estate inventory, and similar) • Assess different scenarios of potential/projected tax revenue from the project site. • Assess what policies can guide the use of additional tax revenue (e.g. community funds). • Active participation in planning and/or moderating public engagement, providing information, visuals, framing of tradeoffs and similar. • Directly reference public input in the Master Plan.
E-5 Seek opportunities for additional tax revenue to be allocated toward
community investments that meet needs unserved by the project itself.
E-6 Seek and utilize representative public input on economic development.
HOUSING HOW CAN THE STITCH SUPPORT OR INFLUENCE EQUITABLE HOUSING OUTCOMES IN THE PROJECT AREA? The Stitch must be accountable to the indirect displacement it will catalyze by adding prime real estate that attracts market rate housing, influencing the cost of living for the existing community in the project area. While there will not be direct displacement – the removal of homes – as with original construction of the Downtown Corridor, indirect displacement can still lead to residents being displaced from their homes over time due to compounding influences on the housing market. Historically, low-income, people of color, and women-led renter households, are at the greatest risk of experiencing indirect displacement. Fostering housing security starts with affordability, but can also be addressed by types of housing, preservation of culture and neighborhood feel, and similar factors. The density and ratio of occupants has changed in the project area pre and post construction; before there were more single-family homes and working-class homeowners, and today there are more renters and multifamily housing units. If an
C-12
Made with FlippingBook Ebook Creator