A recent news article highlights a report commissioned by Enterprise “Preserving Naturally-Occurring Housing Affordability in Metro Atlanta Neighborhoods,” which provides policy recommendations for preserving NOAH in the region. The report notes that although NOAH is cheaper to preserve naturally occurring affordable housing (NOAH) than building new affordable housing, the fact that it is unsubsidized makes it intensely vulnerable to market pressure. To maintain the current NOAH stock, government officials can offer developers and landlords tax relief — including property tax abatements — for housing that remains affordable, giving them an incentive against raising rents or turning the NOAH into luxury apartments.
Article Explores the Potential of Naturally Occurring Affordable Housing in Atlanta
