summary
Introduced
02/09/2026
02/09/2026
In Committee
Crossed Over
Passed
Dead
Introduced Session
2025-2026 Regular Session
Bill Summary
AN ACT To amend Article 2 of Chapter 5 of Title 44 of the Official Code of Georgia Annotated, relating to conveyances, so as to prohibit certain entities from acquiring an interest in a single-family residence in certain circumstances; to provide for definitions; to provide for a short title; to provide for related matters; to repeal conflicting laws; and for other purposes.
AI Summary
This bill, known as the "Homes for Georgians First Act," aims to prevent large institutional investors from quickly buying up single-family homes, thereby making it harder for individual Georgians to purchase them as primary residences. Specifically, it defines an "institutional real estate investor" as an entity that owns at least 100 single-family or two-family homes, manages pooled investor funds, acts as a fiduciary for investors, and has at least $375 million in assets. The bill prohibits these investors from acquiring a single-family home unless 30 days have passed since it was first offered for sale and an individual "single-family resident home buyer" (someone purchasing a home to live in, not for investment) was unable to buy it by matching an offer.
Committee Categories
Justice
Sponsors (6)
Debra Bazemore (D)*,
Spencer Frye (D)*,
Leesa Hagan (R)*,
Derrick McCollum (R)*,
Phil Olaleye (D)*,
Mary Oliver (D)*,
Last Action
House Second Readers (on 02/11/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.legis.ga.gov/legislation/73019 |
| BillText | https://www.legis.ga.gov/api/legislation/document/20252026/242016 |
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