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Georgia lost over 67,000 affordable homes in three years due to high, inconsistent property taxes.
Georgia has lost over 67,000 affordable housing units in three years, one of the steepest declines in the U.S., according to a Harvard study.
Developers and advocates blame rising, inconsistent property taxes that treat affordable housing like luxury units, consuming 25% to 50% of project revenue in some counties.
These taxes strain developments funded by the Low-Income Housing Tax Credit program, threatening closures and halting new construction.
Residents report increasing pressure, with evictions already occurring.
Advocates are pushing for statewide tax assessment reforms, but state agencies have not responded.
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Georgia perdió más de 67.000 viviendas asequibles en tres años debido a altos e inconsistentes impuestos a la propiedad.