---
title: HB 305. Protect the Dream Act; enact
collection: bills
id: 2025-2026/hb305
cite_as: HB 305, 2025-2026 Regular Session (Ga.)
canonical_url: https://georgiacommons.org/bills/2025-2026/hb305
md_url: https://georgiacommons.org/bills/2025-2026/hb305.md
text_url: https://georgiacommons.org/bills/2025-2026/hb305/text
source_url: https://www.legis.ga.gov/legislation/69982
date: 2025-02-10
status: introduced
corpus_version: bills-2026-09-13
license: Public record of the Georgia General Assembly, via LegiScan; see about.md
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
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omitted: votes and history
omitted_chars: 129
omitted_url: https://georgiacommons.org/bills/2025-2026/hb305.md?full=1
bill_number: HB 305
session: 2025-2026 Regular Session
session_slug: 2025-2026
chamber: House
bill_type: bill
status_date: 2025-02-05
last_action: House Second Readers
sponsors:
- Phil Olaleye
- Brian Prince
- Yasmin Neal
- Anne Westbrook
- Joseph Gullett
- Esther Panitch
text_version: Introduced
has_text: true
legiscan_url: https://legiscan.com/GA/bill/HB305/2025
upstream_id: 1958350
summaries_model: claude-sonnet-5
topic_tags:
- housing market
- real estate investment
- single-family homes
- property law
- housing affordability
---
# HB 305. Protect the Dream Act; enact
## Text
House Bill 305
By: Representatives Olaleye of the 59th, Prince of the 132nd, Neal of the 79th, Westbrook of
the 163rd, Gullett of the 19th, and others
A BILL TO BE ENTITLED
AN ACT
To amend Article 2 of Chapter 5 of Title 44 of the Official Code of Georgia Annotated,
relating to conveyances, so as to prohibit certain entities from acquiring an interest in a
single-family dwelling; to provide for definitions; to provide for a short title; to provide for
an effective date and applicability; to repeal conflicting laws; and for other purposes.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:
SECTION 1.
This Act shall be known and may be cited as the "Protect the Dream Act."
SECTION 2.
Article 2 of Chapter 5 of Title 44 of the Official Code of Georgia Annotated, relating to
conveyances, is amended by adding a new Code section to read as follows:
"44-5-49.
(a) As used in this Code section, the term:
(1) 'Homebuilder' means an entity engaged solely in the construction or rehabilitation of
single-family dwellings that does not have an affiliation with or conduct business with,
by, or on behalf of a prohibited business.
(2) 'Interest' means any right, title, or interest in and to a single-family dwelling or a
manufactured home community or mobile home park in Georgia.
(3) 'Prohibited business' means any partnership, corporation, or real estate investment
trust that manages funds pooled from investors, is a fiduciary to such investors, has a net
value or assets under management on any day during a taxable year, and holds a total net
value in all assets of $6,250,000.00 or holds interests in at least 25 single-family
dwellings in a single county. Such term shall not include a not for profit organization as
defined in Section 501(c)(3) of the Internal Revenue Code or a homebuilder.
(4)(A) 'Single-family dwelling' means real property or real estate where the only
substantial improvement to such real property or real estate in Georgia is a residential
single-family dwelling. Such term includes manufactured home communities or mobile
home parks and single-family dwellings split into two or more dwellings.
(B) Such term shall not include condominiums; townhouses; multifamily communities;
any unoccupied single-family dwelling acquired through foreclosure; or any
single-family dwelling that is not rented or leased and is used as the primary residence
of any person with an ownership interest in a prohibited business.
(b) A prohibited business shall not acquire an interest in any single-family dwelling in
Georgia."
SECTION 3.
This Act shall become effective on July 1, 2025, and shall apply to any conveyance of an
interest in a single-family dwelling made on or after such date.
SECTION 4.
All laws and parts of laws in conflict with this Act are repealed.
## Summaries written by Georgia Commons
The following was written by claude-sonnet-5 from the text above and is not part of the bill. Quote the text, not the summary.
House Bill 305 would ban large investment businesses, called prohibited businesses, from buying single-family homes in Georgia, aiming to keep more homes available for individual buyers.
### Plain-language summary
Georgia law currently does not stop large investment funds from buying up single-family homes. House Bill 305, called the Protect the Dream Act, would add a new section to Georgia's property law (O.C.G.A. § 44-5-49) that bars a 'prohibited business' from acquiring any interest in a single-family dwelling in the state.
A prohibited business is defined as a partnership, corporation, or real estate investment trust that pools investor money, acts as a fiduciary for those investors, and either holds at least $6,250,000 in total assets or owns interests in 25 or more single-family homes in one county. Nonprofits and homebuilders who don't work with such businesses are excluded. The definition of single-family dwelling includes manufactured home communities and mobile home parks but excludes condos, townhouses, multifamily buildings, unoccupied foreclosed homes, and homes used as a primary residence by someone with an ownership stake in the prohibited business. The law would take effect July 1, 2025, and apply to home sales made on or after that date.
### What it does
- Adds a new Code section (O.C.G.A. § 44-5-49) banning 'prohibited businesses' from acquiring any interest in a single-family dwelling in Georgia.
- Defines 'prohibited business' as an investment partnership, corporation, or real estate investment trust meeting asset or property-count thresholds, excluding nonprofits and homebuilders.
- Sets the threshold for a prohibited business at $6,250,000 in total assets or ownership interests in at least 25 single-family homes in one county.
- Defines 'single-family dwelling' broadly to include manufactured home communities and mobile home parks, while excluding condos, townhouses, multifamily communities, foreclosed vacant homes, and owner-occupied primary residences.
- Sets the law's effective date as July 1, 2025, applying to any home conveyance made on or after that date.
### Who it affects
Large real estate investment firms, real estate investment trusts, and investment partnerships that buy single-family homes in bulk; homebuyers and renters competing for single-family housing; homebuilders; nonprofit housing organizations; and county property records offices handling conveyances.
### Why it matters
If enacted, large investment firms meeting the bill's asset or property-count thresholds would be legally barred from buying single-family homes in Georgia starting July 1, 2025, which could change who is able to purchase homes in the state's housing market.
### Key provisions
- Section 1 names the bill the 'Protect the Dream Act.'
- Section 2 adds new Code section 44-5-49 defining 'homebuilder,' 'interest,' 'prohibited business,' and 'single-family dwelling,' and prohibiting a prohibited business from acquiring an interest in any single-family dwelling.
- Section 2 sets the prohibited business threshold at $6,250,000 in total assets or ownership interests in at least 25 single-family homes in a single county.
- Section 2 excludes nonprofits under Section 501(c)(3) of the Internal Revenue Code and homebuilders without ties to prohibited businesses from the definition.
- Section 3 sets the effective date as July 1, 2025, applying to conveyances made on or after that date.
- Section 4 repeals conflicting laws.
## Status
- Status: Introduced (2025-02-05)
- Last action: House Second Readers (2025-02-10)
- Sponsors: Phil Olaleye, Brian Prince, Yasmin Neal, Anne Westbrook, Joseph Gullett, Esther Panitch
- Official page: https://www.legis.ga.gov/legislation/69982
> The history, votes, and amendments (129 characters) are at https://georgiacommons.org/bills/2025-2026/hb305.md?full=1