HB 317 — DID NOT CROSS Community Development Districts: "Workforce and Residential Infrastructure District for Georgia Act"
This bill seeks to establish the "Workforce and Residential Infrastructure Districts" or "community development districts". The bill allows local governments to create special districts focused on developing infrastructure specifically for workforce housing. This legislation provides a framework for local authorities to develop and manage these districts, facilitating the creation of housing options for workforce.
The bill includes provisions that authorize local governments to use various financing mechanisms, such as tax incentives, to support the construction and expansion of infrastructure necessary for workforce housing. In addition, the bill provides definitions for "community development districts" and outlines the role of the state in helping to guide and oversee these initiatives.
