How is displacement resulting from gentrification within TADs addressed?
Although the greatest contributor to gentrification is stagnant wages, which prevent families from keeping pace with increasing cost of living, the impact of gentrification can be mitigated in TADs. TADs help fund residential projects which include affordable housing components, allowing people to affordably live near expensive jobs centers, thus reducing congestion and improving air quality. Additionally, TAD monies are used to fund housing rehabilitation programs, which help low- and moderate-income homeowners remain in their communities despite rising property values. Furthermore, TADs provide low-income residents with new job opportunities and better access to goods and services. State and local taxing jurisdictions must take the initiative to reform the property tax system to address this issue. Most recently, the General Assembly passed HB 1190, HB 1191 and HB 1192 to increase the Homestead Exemption for the City of Atlanta, Atlanta Public Schools, and Fulton County from its curr
