ATLANTA, Ga. (Atlanta News First) — Georgia is losing its affordable housing supply at an alarming pace, and housing advocates say a broken property tax system is helping drive the decline.
According to a study by Harvard University’s Joint Center for Housing Studies, Georgia has lost more than 67,000 affordable rental units in just three years — one of the steepest declines in the country.
Developers and housing groups warn that affordable housing communities across the state — from metro Atlanta to rural towns — are being taxed as if they were high-end apartment complexes, making them financially unsustainable and putting thousands of homes at risk…