Atlanta Council Holds Impact Fee Work Session
June 28, 2020
The Atlanta City Council held a work session on the city's impact fee schedule update and they need to hear from you!
On June 22nd, the Atlanta City Council's Community Development/Human Services (CD/HS) committee held a work session to discuss amendments to their comprehensive development plan during a virtual meeting. This hearing covered the draft impact fee study, which would increase development fees. While the city's impact fees have not been updated for 25 years, REALTORS® have been advocating that the fees have a reasonable increase.
The Governmental Affairs Committee Chairs of both the Atlanta Commercial Board of REALTORS® and the Atlanta REALTORS® Association, submitted comments urging the City that any fee increase match inflation, that they be implemented incrementally and projects already submitted be grandfathered in. To learn more about the Impact Fee update and to make comments, click here.
This measure will be expecially significant for single family homes. City staff contends that single family homes will (potentially) have the largest increase in fees. Staff will send their recommendations for approval from the Atlanta Regional Commission with final approval expected in late 2020. To view the presentation, click here.
If you have any questions or comments, contact Governmental Affairs Director, Aaron Johnson at 404-732-0631.
About the 400N Market Brief
The 400 North Association of REALTORS® (400N) Market Brief is compiled by Georgia Multiple Listing Service (GAMLS). For more information on details of this month's report, please contact the Association at 770.845.4008.
*Each month, the numbers reported for the previous month are updated to reflect additional recordings.
About the 400 North Association of REALTORS®
The 400 North Association serves as a central source of information for our members and our main focus are real estate education, the promotion of professionalism in our industry and representing our REALTOR® members with legislative initiatives to create positive change for the real estate community. Throughout its history, the 400 North Association has exerted its influence in civic affairs in its capacity of representing a substantial segment of the business community across the Forsyth, Dawson and Lumpkin area. The Association has contributed to various charities over the years by hosting fundraisers.
About First Multiple Listing Service
First Multiple Listing Service (FMLS) is the premier data services provider for real estate professionals in Georgia. FMLS was founded in 1957 by a group of Brokers who wanted to share their listings and connect buyers and sellers. Today FMLS is the largest MLS in Georgia & the 4th largest MLS in the United States, serving nearly 54,000 real estate Agents & Brokers. For additional information or to start a discussion about how to partner with FMLS please contact email@example.com.