Federal Issues
Senate Passes Significant Housing Bill That Includes Incentives for Conversion of Commercial and Industrial Properties
April 2, 2026
Earlier this month, the Senate passed the 21st Century ROAD to Housing Act, which takes important steps to close the nation’s housing supply gap and make homes more affordable. The bill gives communities new tools and resources to build more homes, streamlines federal processes that delay construction, and updates financing options for manufactured and rural housing.
An important initiative included in the bill is the Revitalizing Empty Structures Into Desirable Environments (RESIDE) Act, which creates a pilot grant program to help local governments convert vacant commercial or industrial buildings into affordable housing, prioritizing economically distressed areas and Opportunity Zones, with funding from excess HOME Investment Partnerships Program grant allocations.
The bill is now in the House of Representatives, awaiting review.
About the GMLRA Market Brief
The Georgia Mountains & Lakes REALTORS® Association (GMLRA) Market Brief is compiled by Georgia Multiple Listing Service (GAMLS). For more information on details of this month's report, please contact the Association at 404.845.4024.
*Each month, the numbers reported for the previous month are updated to reflect additional recordings.
About the Georgia Mountains & Lakes REALTORS® Association
The Georgia Mountains & Lakes REALTORS® Association (GMLRA) has been an instrumental factor in the growth of real estate in the Habersham, White and Rabun, Georgia area for more than a decade. GMLRA serves as a central source of information for its members, with mainly focusing on real estate education, the promotion of professionalism in the industry and representing REALTORS® members with legislative initiatives to create positive change for the real estate community.
About Georgia Multiple Listing Service
Since 1962 Georgia MLS has been providing real estate professionals with exceptional service, proven technology solutions, and unmatched value. With a laser-sharp focus on making the day-to-day tasks of our MLS subscribers more functional, more productive, and more profitable, we continue to implement the service blueprint that has led to our continued growth. For additional information or to start a discussion about how to partner with GAMLS please contact georgiamls@gamls.com.