More information on HB 514
March 15, 2023
This bill will increase access to affordable housing and give Georgians the opportunity to build a home that suits their needs. We need more housing all across this state that our citizens can afford. We hope we can be part of the solution to help the first-time home buyer save up to purchase a starter home for their growing family all the way to the retiree couple that is downsizing to buy their very last home.
HB 514 accomplishes this by:
- Regulating Zoning Moratoriums: Cities or counties intending to adopt a moratorium on residential development must provide notice to property owners before implementation. Suspensions of development activity are limited to 180 days in length and may not be extended or renewed until 180 days have passed.
- Waiving Fees for Affordable Housing Development: Local governments are authorized to waive regulatory fees associated with the development and construction of single-family housing less than 2,500 sq feet.
- Creating Zoning Timelines for City/County Led Ordinance Updates: A city or county intending to adopt or amend a local zoning ordinance would follow the same timelines currently required of a property owner applying for rezoning or variance to the local zoning ordinance. These existing timelines require notice, publication in the legal organ, and a public hearing in front of the governing committee.
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 email@example.com.