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Economic Forecast
Education Seminar: Wednesday, November 19, 2014 | 7:30 am - 9:00 am
Riding the Wave: Atlanta's New Development Cycle
ACBR FREE CE: Friday, Wednesday, November 5th | 9:00 am - 12:00 pm

This class will help you understand the factors driving the current development cycle, how it is shaping up, and lessons drawn from previous cycles.

Atlanta RPAC Recommends Candidates for Primary Election

Election Day is Tuesday, November 4th and many important decisions will be made. Below, you will find links to a list of candidates supported by the Atlanta Commercial Board of REALTORS® and where to find voting information for your area.

Clayton County to Vote on MARTA Expansion

On November 4th, Clayton County citizens will vote on a one-cent sales tax to fund transit in their community. For the first time in more than 40 years, an opportunity exists to expand MARTA and invest more than $50 million annually in our regional transit system. This is a historic opportunity to signal metro Atlanta's commitment to addressing mobility and congestion.

City of Atlanta to Update Tree Ordinance

In a meeting at City Hall on Monday the Arborist Division presented a list of proposed updates to the city’s existing tree ordinance which stem from their analysis of the final report "Assessing Urban Tree Canopy in the City of Atlanta." Click here to access a summary of that report. Some proposed changes of note include doubling the financial penalty for removing specimen trees from a lot while also doubling the credit given for planting such specimen trees. The Arborist intends to extend the City's power to replant within 15 feet of a right of way to include areas within 30 feet of a right of way. The tree trust fund may also be used to assist homeowners in adjusting sidewalks to accommodate root systems.

Brookhaven to Vote on Redevelopment Power for City Council

HB 1136, passed during the last legislative session and signed by Governor Deal, gives the city of Brookhaven specific authority to "create tax allocation districts (TAD), issue tax allocation bonds, and incur other obligations" with the approval of Brookhaven voters. Now it is up to the citizens of Brookhaven to either grant or deny the city these redevelopment powers. The city government's end goal is to redevelop the Buford Highway possibly through the establishment of a TAD but some citizens are concerned about the possible impact on residents who are content with their community.

2015 Slate of Proposed Officers & Directors

The Nominating Committee has selected the following Slate of Officers and Directors.

Senate Votes to Extend Terrorism Risk Insurance Program

Tuesday August 26 Director of Governmental Affairs, Lennie Shewmaker, met with Congressman David Scott (GA-13) about the importance of reauthorizing the Terrorism Risk Insurance Act (TRIA) before its expiration on December 31, 2014. As a member of the House Financial Services Committee Rep. Scott was familiar with the issue and understood that Terrorism insurance is an important factor in commercial financing, and is a key structural protection for commercial mortgage-backed securities. TRIA keeps coverage available and affordable and is a legislative priority for the REALTORS®.

Atlanta Planning Commissioner Shelby Steps Down

Atlanta Planning and Community Development Commissioner James Shelby has stepped down. Shelby was appointed to the position in 2008 by then Atlanta Mayor Shirley Franklin to oversee the bureaus of buildings, code compliance and housing, and planning, a staff of more than 200 employees. Shelby's resignation was effective Friday August 29. The city of Atlanta advised that deputy chief operating officer Tom Weyandt, with whom the Board has been working on the Technical Advisory Committee to the Office of Buildings, will oversee the continued work of the department until a new commissioner is appointed.

Cobb Court to Decide on Fulton County’s Authority to Raise Property Taxes

The members of the Fulton County House Republican caucus and former State Rep. Ed Lindsey (R-Atlanta) are suing Fulton County for voting to raise Fulton County's millage rate by 17 percent on August 06, 2014. The millage rate will cost a $250,000 homeowner approximately $140 more a year in property taxes. The millage increase will disproportionately be sustained by Fulton County's upper-income households leading it to be considered a progressive tax by some. To others, it is seen as a violation of Georgia law. The issues at stake in the lawsuit speak to the authority of the state to set a cap on the tax rate that Fulton commissioners can set to fund county services.

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