Vacant, abandoned, and tax delinquent properties impose significant costs on Georgia’s communities by lowering property values, increasing fire and police protection costs, decreasing tax revenues, and undermining community cohesion. The LBA is designed to return these properties to productive use by acquiring these properties, eliminating the liabilities, and transferring the properties to responsible owners in alignment with community goals and priorities.
The top 3 goals for intended use are:
- Conveyance to local government entities for public use;
- Neighborhood nonprofit entities seeking to obtain the land for low-income housing; and
- Other individuals and entities intending to produce low-income or moderate-income housing.