ATLANTA (March 5, 2025) — On Monday, Sen. Jason Esteves (D–Atlanta) introduced two bills to lower costs for Georgia homeowners and renters. The legislation would hold companies accountable for buying up neighborhood homes and require transparency around fees collected by Property Owners’ Associations.
“For many hardworking Georgians, housing costs are simply too high,” said Sen. Esteves. “The housing supply shortage is worsened by private equity firms and Wall Street hedge funds driving up prices and pushing Georgia families out of the market. Homes are places for people to live, not opportunities for out-of-state investors to make a quick buck at our expense. That’s why I introduced legislation to help give our cities and counties the tools to hold these companies accountable to bring down the cost of housing for Georgia families.”
Senate Bill 313 would give Georgia’s cities and counties tools to hold private equity firms and hedge funds accountable for driving up the cost of housing for Georgia families by creating a residential rental property registry. Senate Bill 315 would require fee transparency for Property Owners’ Associations across the state. From 2019 to 2024, metro Atlanta’s median home sale price increased by 60%.
SB 313 can be found here, and SB 315 can be found here.
Sen. Jason Esteves represents the 35th Senate District, including portions of Cobb and Fulton County. He may be reached by phone at (404) 463-1562 or by email at Jason.Esteves@senate.ga.gov.
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