Tag: Affordable Housing

  • Warnock Housing Measure Becomes Law, Restricting Corporate Home Purchases

    Warnock Housing Measure Becomes Law, Restricting Corporate Home Purchases

    Warnock Housing Measure Becomes Law, Restricting Corporate Home Purchases

    Georgia’s housing affordability crisis could soon look different after a new federal law placed limits on how large private equity firms can expand their single-family home portfolios.

    The bipartisan legislation includes a provision championed by Sen. Raphael Warnock that prohibits major private equity firms from purchasing additional single-family homes. The measure became law after President Donald Trump neither signed nor vetoed the bill within the constitutional 10-day window while Congress remained in session.

    The restriction is part of the 21st Century ROAD to Housing Act, a sweeping housing package that also seeks to increase the nation’s housing supply, modernize the home appraisal process, strengthen rural housing programs and encourage local governments to build more homes.

    Warnock said the legislation responds to concerns he has heard from Georgians struggling to find affordable housing.

    “I hear from Georgians across the state who have been clamoring for action from Washington on the affordable housing crisis, and this legislation is proof that when we center the people instead of the politics, we can get good policy done,” he said in a statement.

    The new law comes after years of debate over the growing influence of institutional investors in Georgia’s housing market. In metro Atlanta, corporate investors own more than 72,000 single-family rental homes, representing more than one-quarter of the region’s rental housing stock.

    Critics say those companies have made it more difficult for families to buy homes by submitting cash offers that many individual buyers cannot match. Warnock has argued that the growing corporate presence has shifted the housing market away from homeownership and toward investment profits.

    In addition to limiting future acquisitions by large private equity firms, the legislation offers incentives for new housing construction, reduces barriers to development, expands grants and forgivable loans for home repairs and weatherization, and updates several long-standing federal housing programs. It also incorporates Warnock’s Appraisal Modernization Act, which supporters say will improve fairness in the appraisal process.

    Supporters say the measure represents a broad federal effort to improve housing affordability by expanding housing opportunities and reducing the influence of large institutional investors in the single-family home market.

  • Warnock criticizes Trump after bipartisan housing bill stalls over SAVE Act dispute

    Warnock criticizes Trump after bipartisan housing bill stalls over SAVE Act dispute

    Warnock says Trump put politics ahead of housing as bipartisan bill remains unsigned

    A bipartisan effort to address the nation’s housing shortage hit an unexpected roadblock Wednesday after President Donald Trump declined to sign the 21st Century ROAD to Housing Act, prompting sharp criticism from Georgia Sen. Raphael Warnock.

    Warnock, who helped write one of the bill’s key housing provisions, said the president abandoned legislation that would have made it easier for families to compete in an increasingly expensive housing market. Trump has argued the bill should only move forward if it includes the SAVE America Act, an election proposal opponents say could restrict voter access.

    Metro Atlanta has become one of the country’s largest markets for institutional investors, with corporations controlling more than 70,000 single-family rental homes. Warnock’s proposal sought to slow that trend by preventing companies that already own more than 350 homes from buying additional single-family properties.

    The senator said that change would have helped level the playing field for prospective homeowners who often find themselves bidding against large investment firms.

    “Eighteen months into Donald Trump’s second term, life is worse for everybody except the ultra-wealthy,” Warnock said Wednesday. “Ordinary people aren’t able to make this economy work, and today this president had an opportunity to help working Americans. Instead, he made it about himself.”

    The housing package extended beyond corporate ownership limits. Lawmakers also approved provisions designed to encourage new home construction, strengthen rural housing programs, assist homeowners with repairs and weatherization projects, and hold communities accountable for meeting housing development goals.

    Another section of the legislation incorporated Warnock’s Appraisal Modernization Act, which would establish a pathway for homeowners to challenge property appraisals they believe undervalue their homes.

    Warnock argued the measure represented months of bipartisan negotiations focused on lowering housing costs rather than advancing a partisan agenda. He said refusing to sign the bill leaves families without tools Congress had already agreed could make homeownership more attainable.

    “If you are buying a home today, we had the opportunity to stop giant corporations from competing against your offer,” Warnock said. “The president refused to help you.”

    The senator also took aim at Trump’s demand that the SAVE America Act be attached to the legislation, calling it unrelated to the housing crisis and accusing the administration of distracting from affordability issues affecting families across the country.

    Congressional leaders have not announced when or whether the housing package will return for consideration, leaving its future uncertain despite overwhelming bipartisan support in both chambers.

  • Georgia’s housing crisis leaves families running in place

    Georgia’s housing crisis leaves families running in place

    Georgia’s housing crisis leaves families running in place

    When 14-year-old Na’Kaya Godfrey gets home from school in Stone Mountain, she turns on the space heaters. They are the only source of warmth in the unheated house — the latest stop in a childhood defined by moving.

    On her dresser sits a sign that reads “Home, Sweet Home.” She estimates this is the 26th place her family has lived.

    Her mother, Jaimie Godfrey, 35, has been evicted, forced to leave rentals and shuffled her children between basements, extended-stay motels, rooming houses and, at times, their car. They have washed up in gas station bathrooms, lost belongings in storage units and watched their possessions piled on curbs.

    Na’Kaya once asked her mother why they move so much. “Do they not like us?” she wondered.

    Jaimie tells her she’s just “having a hard time.”

    That hardship reflects a broader crisis. As rents surge and wages lag, eviction rates have climbed in cities including Atlanta. Families who are doubled up or constantly moving often aren’t counted as homeless, but the instability can be just as damaging.

    For children, the effects are immediate and long-term. Research shows housing instability increases absenteeism, behavioral problems and lower test scores. Evicted children can fall behind academically by a year and are less likely to graduate.

    Na’Kaya struggles with anxiety. She calls her mother repeatedly during late work shifts, unable to rest until she hears her voice. Junior, 12, acts out in school. Both say they only feel safe when the family is together.

    Experts say this pattern is increasingly common. “The reason we’re seeing record-breaking homelessness is a basic mismatch between incomes and what it costs to live,” said journalist Brian Goldstone. “That chasm is growing wider.”

    Children are now the group most likely to experience homelessness in the United States. Black families face disproportionately high eviction rates, and single mothers — like Jaimie — are especially vulnerable.

    Jaimie has always worked. She has managed retail stores, staffed construction sites, baked pies for sale, braided hair, worked fast food and home health jobs — often juggling multiple roles. Still, the math never works. She has been waiting for housing assistance since 2017, but Atlanta’s voucher list has effectively been closed for years.

    Government policy shifts have added new uncertainty. Proposed work requirements and cuts to rental assistance could make housing support harder to access, even as rents continue rising.

    Community support has filled some gaps. A church friend helps cover the $1,275 monthly rent and bring groceries when food stamps run low. But even aid systems come with hurdles: childcare subsidies require proof of work hours — something nearly impossible to show without childcare in the first place.

    “It gets to a point that it’s a catch-44,” one supporter said.

    Some local programs show promise. In Atlanta, the Standing With Our Neighbors initiative embeds lawyers and social workers in schools to prevent evictions. Schools participating in the program have seen attendance and academic gains improve when families remain housed. But funding cuts threaten expansion.

    Meanwhile, instability continues at home.

    Recently, Jaimie lost another job when the childcare center where she worked shut down. The kids missed school after oversleeping. Rain leaked through the roof. She spent nearly half the money left in her bank account on chicken legs to make sure her children ate.

    Na’Kaya retreats to her room under blue twinkle lights. She wants to become a doctor or an entrepreneur. She says she likes schoolwork. It’s just hard to focus when worry crowds her mind.

    “I thought Atlanta was a good place for everyone,” she said quietly. “But it pretty much don’t seem like that.”

    The family’s lease ends in March. They don’t know where they’ll go next.

    For families like the Godfreys, the crisis isn’t just about rent. It’s about safety, stability and the harsh toll of constantly starting over.

  • Georgia House Democrats roll out bipartisan package to boost affordable housing

    Georgia House Democrats roll out bipartisan package to boost affordable housing

    Georgia House Democrats roll out bipartisan package to boost affordable housing

    Georgia House Democrats introduced legislation Monday to address affordable housing concerns in the state.

    State Reps. Mary Margaret Oliver, D-Decatur, and Phil Olaleye, D-Atlanta, along with others, introduced a package of bipartisan legislation aimed at expanding housing supply, protecting tenants and encouraging affordable housing development, according to a news release.

    “We know Georgians are struggling with housing costs, and lawmakers have a responsibility to respond,” Oliver said in a statement. “While we represent different regions and perspectives, we are united in our commitment to improving housing options and affordability for families across the state.”

    The following bills are included in the package.

    • House Bill 1145 would provide a statewide homestead exemption for certain public service employees from ad valorem taxes with some stipulations.
    • House Bill 1153 would provide a tax credit for newly constructed residences that are sold to taxpayers who earn no more than 80% of the area median income.
    • House Bill 1166 would provide that zoning decisions cannot impact or be required for certain residential dwellings of 400 square feet or less.
    • House Bill 1171 would establish minimum habitability standards consistent with recognized housing standards.
    • House Bill 1177 would provide that certain affordable housing uses of property qualify as projects that may be undertaken by development authorities.
    • House Bill 1221 would require property owners’ associations to provide written notice of certain sums and other provisions.

    “Work groups representing landlords and tenants, buyers and sellers are meeting together to develop a coordinated, balanced approach to housing legislation—one we believe can move forward cooperatively this session,” Olaleye said.

  • Hugley unveils Democrats’ Affordability Agenda, slams GOP record

    Hugley unveils Democrats’ Affordability Agenda, slams GOP record

    Hugley unveils Democrats’ Affordability Agenda, slams GOP record

    Minority Leader Carolyn Hugley, D-Columbus, gave an unforgiving speech Tuesday condemning Republican policies in Georgia over the past 20 years.

    “After more than two decades of Republicans being in charge of our state, it’s clear that far too many Georgians are still being left behind. That is what 20-plus years of Republican control and seven years of Governor Kemp has given us,” she said.

    After listing issues with health care, education and poverty in the state, Hugley announced the state House Democrats’ Affordability Agenda.

    “We believe affordability must be the standard by which we measure every policy. If it doesn’t make life more affordable for Georgians, then we’re not interested in supporting it,” she said. “House Democrats stand ready to lead on affordability, to make the investments that Republicans refuse to make, to protect the services that they’re trying to cut, to fight for Georgians that work for everyone, not the well-connected.”

    Hugley said Democrats will work to make housing more affordable, provide more access to healthcare and fund public schools.

    Here are some of the pieces of legislation Hugley mentioned at the press conference.

    • House Bill 679 would help prevent rental price-fixing to try to restore fairness in the housing market.
    • House Bill 1145 would provide a statewide homestead exemption for certain public service employees from ad valorem taxes with some stipulations.
    • House Bill 1153 would provide a tax credit for newly constructed residences that are sold to taxpayers who earn no more than 80% of the area median income.
    • House Bill 1171 would establish minimum habitability standards consistent with recognized housing standards.
    • House Bill 1151 would expand Medicaid.
    • House Bill 1 relates to gun safety and would establish the offense of making a firearm accessible to a child.
  • Metro Atlanta rent prices show signs of cooling, but costs remain high in key cities

    Metro Atlanta rent prices show signs of cooling, but costs remain high in key cities

    Metro Atlanta rents cool in some cities, but affordability remains uneven

    A new report shows rent prices in parts of metro Atlanta eased slightly in 2025, though many of the region’s most popular cities remain among the most expensive places to rent in Georgia.

    According to an annual report from apartment rental site Zumper, the median rent for a one-bedroom apartment statewide stood at $1,264 at the end of the year.

    In metro Atlanta, Alpharetta ranked as the most expensive city for one-bedroom apartments, with a median rent of $1,610. Atlanta followed closely behind at $1,600.

    For two-bedroom units, Atlanta topped the list with a median rent of $2,040, while Alpharetta came in second at $1,950.

    Sandy Springs ranked third among the most expensive metro Atlanta cities, with one-bedroom apartments averaging $1,410 and two-bedroom units at $1,800.

    Despite its high prices, Alpharetta also experienced one of the steepest month-to-month declines, with rents dropping 3.6% from November to December.

    On the lower end of the market, LaGrange posted the most affordable rents in metro Atlanta, with median apartment prices well below the statewide average at $850. Rome followed with a median rent of $970.

    LaGrange also recorded the largest year-over-year rent decrease, with prices falling 26.7% compared to 2024. Marietta and East Point were the only metro Atlanta cities to see rents increase year over year, rising 0.8% and 4.5%, respectively.

    The full report is available on Zumper’s website.