Metro Atlanta Land Bank Annual Report 2024

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Headline Indicators Summary

MALB HEADLINE INDICATORS SUMMARY Reporting Period January to December 2023

METRIC

Data

Number of Properties in Portfolio

241

Value of Properties in Portfolio 1

$26,126,000

Amount of New Tax Revenue Collected in 2023 2

$37,367

Number of Properties Disposed 3

24

Number of Housing Units Created 4

250

Annual Property Value Increase of Disposed Properties 5

$1,904,400

Annual Funding - Public Sources

$1,093,223

Annual Funding - Internally Generated

$20,000

Properties/Units Acquired 6

28

1 approximate market value based on Fulton County Tax Assessor data 2 from 12 properties transferred or sold in 2022 3 either transferred to a partner or sold and returned to active tax status 4 construction completed and may not be occupied 5 incremental value of properties MALB disposed and returned to active tax status 6 includes Land Banking Depository Program properties

Metro Atlanta Land Bank // Annual Report 2023

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