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Cherokee County Completes Investor-Owned Housing Analysis
Major metropolitan areas across the country are facing an unprecedented wave of institutional investors buying up existing and new entry-level, single-family housing stock and turning it into rental housing. Metro Atlanta is ground zero for this hedge fund buying spree, with an estimated 25% of the nation’s share of the investor-owned single-family housing market, or about 72,000 properties, and with investor housing purchases exceeding $1 billion in the first quarter of 2024 alone. Cherokee County, working with its tax assessor and GIS department, has identified investor-owned, single-family homes countywide and their analysis can serve as model for other counties in understanding how this new business paradigm has impacted the availability of owner-occupied housing within their jurisdictions.
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To view a presentation of Cherokee’s analysis, click here.
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To view Cherokee’s methodology for their housing stock analysis, click here.
- Please contact Brantley Day, Cherokee County’s Director of Community Development, at bday@cherokeega.com if you seek additional information.
DCA Announces Georgia Supportive Housing Institute
The Georgia Department of Community Affairs (DCA) recently launched the Georgia Supportive Housing Institute. The partnership between DCA and Corporation for Supportive Housing (CSH) will allow communities and stakeholders to build capacity and knowledge to create housing for residents with supportive service needs. Georgia is the first state in the Southeast to implement the Supportive Housing Institute, an initiative designed to kick start supportive housing projects. DCA is hosting an information session for interested applicants this Monday, Aug. 19 at 1:00 p.m. To register, click here.
More information on CSH, the application process, and upcoming training can be found here.
Legislative Study Committees
Both the House and Senate of the Georgia General Assembly are engaged in several study committees that impact counties during the 2024 legislative interim. Please click the below links for additional information on these respective committees and their meetings.
Senate Study Committees – Farmland Preservation and House Rural Development Council
ACCG’s Executive Director Dave Wills will be speaking at two upcoming legislative study committees. Wills has been asked to address the House Rural Development Council, meeting in Floyd County on August 29, speaking about challenges facing rural counties, including those related to providing state-mandated services, training and education for county officials, and county viability. The following day, Wills will speak to the Senate Preservation of Georgia’s Farmlands Study Committee, meeting in Habersham County, to provide a perspective on policies that affect the use of land, particularly as it relates to the continuing loss of farmlands to development.
Governor Kemp Announces Details for $1.5 Billion Transportation Infrastructure Investment
New details regarding the historic $1.5 billion transportation infrastructure investment have been released. The investment will more than double the state’s funding to cities and counties for local transportation infrastructure, provide an increase in funding for general aviation airports, to resurface more state highways, accelerate the completion of key transportation projects already underway, and kickstart new strategic projects to prepare for Georgia’s future. Of the funding, $250 million will go to local governments for road projects.
Click here to view the Governor's official press release.
2024 Georgia Environmental Conference
Registration is still open for the 17th Annual Georgia Environmental Conference (GEC). Taking place on August 21 - 23 on Jekyll Island, GEC aims to provide attendees with new, relevant, and diverse educational opportunities that will positively impact them and Georgia's environment. Over a course of three days, environmental professionals will exchange knowledge and share ideas around environmental concerns in Georgia and across the Southeast region.
To register, click here.
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