State Issues
2024 Legislative Session Likely To Include Housing Affordability Initiatives And Rental Regulations
December 19, 2023
Since the availability of affordable housing continues to burden most Georgia residents, the real estate industry, housing advocates, and local governments will once again take their concerns to the Georgia General Assembly.
Look for local governments to oppose any efforts by the state to prohibit or preempt Georgia’s cities and counties from establishing appropriate local oversight of residential design standards, short-term rentals, and build-to-rent subdivisions within their jurisdictions.
Similarly, it’s likely we’ll also see legislation filed that will require some type of rental property inspection designed to ensure tenant safety.
Property taxes will also be on the agenda during the 2024 legislative session. County governments may consider asking the state to adjust the formula for the rollback rate to allow counties to adjust for inflation.
Consensus may be reached on initiatives that give local governments more flexibility to incentivize the development of mixed-use housing options as well as market-rate workforce housing.
About the GRBOR Market Brief
The Greater Rome Board of REALTORS® (GRBOR) Market Brief is compiled by Georgia Multiple Listing Service (GAMLS).For more information on details of this month's report, please contact the Board at 404.845.4025.
*Each month, the numbers reported for the previous month are updated to reflect additional recordings.
About the Greater Rome Board of REALTORS®
The Greater Rome Board of REALTORS® (GRBOR) has been an instrumental factor in the growth of real estate in Floyd County, Georgia for more than a decade. GRBOR serves as a central source of information for its members, with mainly focusing on real estate education, the promotion of professionalism in the industry and representing REALTORS® members with legislative initiatives to create positive change for the real estate community.
About Georgia Multiple Listing Service
Since 1962 Georgia MLS has been providing real estate professionals with exceptional service, proven technology solutions, and unmatched value. With a laser-sharp focus on making the day-to-day tasks of our MLS subscribers more functional, more productive, and more profitable, we continue to implement the service blueprint that has led to our continued growth. For additional information or to start a discussion about how to partner with GAMLS please contact georgiamls@gamls.com.