Georgia House Bill HR1502

Georgia 2023-2024 Regular Session

• Introduced: 3/18/24

Caption

Senior living industry; study and implement rent control measures; urge

Impact

If adopted, the resolution would aim to stimulate discussions and steps within the senior living industry to create more sustainable housing solutions for the elderly. Such measures could potentially influence state laws and policies regarding rent stabilization across various types of senior housing facilities. The intent behind this resolution is to maintain a balance between fair rent pricing and the economic viability of senior living options without compromising quality of life for residents.

Summary

House Resolution 1502 urges the senior living industry to examine and implement rent control measures in response to the increasing rental rates for senior housing. With more than 20 percent of Georgia's population projected to be 60 years or older by 2030, there is an urgent need to address the affordability of housing for seniors. The resolution highlights the growing concern that many seniors may face difficult choices between paying for necessary medicine and their housing costs. By advocating for a study into rent control measures, the resolution seeks to ensure that seniors do not have to compromise their health or financial stability due to escalating rental prices.

Contention

While the resolution does not mandate immediate changes to existing laws, it sets the groundwork for discussions that could open up debates regarding affordability in the housing market. Critics of rent control may argue that such measures could lead to decreased investment in senior housing infrastructure. Conversely, supporters may highlight the necessity of protecting vulnerable populations like seniors, arguing that without such protections, many could face severe housing instability.