According to the property records of Chatham County, SCAD purchased at least 11 properties in downtown Savannah in 2018 worth over $46 million. If taxed at prevailing millage rates, these properties would have generated over $600,000 in revenue for local governments.
Kenneth Zapp
Posted inCommunity
The Paradox of Thrift during our economic stagnation
Economists try to understand the factors which influence consumer decisions which determine the allocation of their disposable income between consumption and saving
Posted inNews
How to fund affordable housing development?
Between 2016 and 2018, Savannah approved applications for projects which created over 3,000 new market based rental housing units. Sadly, no funds were collected from these developments to help fund new affordable housing, a major lost opportunity.
Posted inNews
Savannah/Chatham Consolidation: An idea whose time has come
The reason for consolidation is simple: combining services and democratic oversight is more efficient and less costly than having them spread over multiple governing units
Posted inNews
The true cost of insufficient affordable housing
Data from communities nationwide shows that the annual cost of one chronically homeless person ranges $20,000 to over $50,000