Frequently Asked Questions
"Why does the LBA seek foreclosures on properties?"
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.
"How does the Columbus Land Bank define good use?"
We evaluate and price each property for its potential to:
- Generate Tax Revenue;
- Provide housing to people who earn low to moderate income