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 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.