Atlanta is launching a new microloan program designed to help renters avoid eviction, offering $500 loans with no fees, no interest, and no penalties.Mayor Andre Dickens announced the program will launch as a two-year pilot, led by a national nonprofit called Flagstone Initiative. Borrowers will be required to repay $20 a week for 25 weeks.RELATED STORY | The poorest in the US can't find housing even as low-income units sit emptyIn addition to $50,000 in pilot funding from the city, Dickens said other local and national donors are contributing to expand the pilots reach, including $50,000 for loan costs from AirBnb, and $150,000 from the Community Foundation of Greater Atlanta and $150,000 from the William Josef Foundation in loan capital.This story was reported on-air by a journalist and has been converted to this platform with the assistance of AI. Our editorial team verifies all reporting on all platforms for fairness and accuracy. ...read more read less