Plain English Breakdown
The official summary confirms the intent but does not provide specific criteria for what makes a project qualify as 'affordable' or how much funding is involved.
HB1177: Allowing Development Authorities to Undertake Affordable Housing Projects
This bill changes state law so that certain affordable housing uses of property count as official projects that development authorities may undertake.
What This Bill Does
- Amends Chapter 62 of Title 36 of the Official Code of Georgia Annotated regarding development authorities.
- States that certain affordable housing uses of property qualify as projects these authorities may undertake.
- Includes legislative findings and declarations about this change.
- Repeals any existing laws that conflict with these new rules.
Who It Names or Affects
- Development authorities in Georgia
Limits and Unknowns
- The official text does not define what specific uses qualify as 'affordable housing' or set cost limits.
- The effective date is not listed, so it is unknown when these changes start.