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This isn’t a new thing and there are demonstrable problems caused by private equity becoming involved in rental housing in Atlanta: https://www.ajc.com/news/investigations/dwellings/apartments...

It isn’t surprising that they want to start in Atlanta, as the combination of few renter protections, lax code enforcement, and affordable housing subsidies can combine to make an ideal situation for maximizing profit at the cost of human misery.

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The hazards created by the dynamic public rent subsidy most stood out to me. The strongest protection against these units would be to replace it with direct cash assistance pegged to overall inflation, rather than the cost to rent at specific buildings.