---
title: O.C.G.A. § 8-3-313. Powers of commission.
collection: code
id: 8-3-313
cite_as: O.C.G.A. § 8-3-313 (2025)
canonical_url: https://georgiacommons.org/code/8-3-313
md_url: https://georgiacommons.org/code/8-3-313.md
text_url: https://georgiacommons.org/code/8-3-313/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t7-t8-(v5)-2024-pdf.pdf?sfvrsn=6386add7_0#page=1073
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
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index: https://georgiacommons.org/code/index.md
version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: BUILDINGS AND HOUSING / HOUSING GENERALLY / HOUSING TRUST FUND FOR THE HOMELESS
---

# O.C.G.A. § 8-3-313. Powers of commission.

(a) The commission shall have the power to hold title to any residential housing project or stable housing accountability program financed by it, but it shall not be required to do so.

(b) The commission shall have the power to foreclose on any mortgage or security interest in default and to commence any action to protect or enforce any right conferred upon it by any law, mortgage, security agreement, deed of trust, deed to secure debt, contract, or other agreement; to bid for and purchase property which was the subject of such mortgage or security interest at any foreclosure or at any other sale; to accept a deed in lieu of foreclosure; to acquire or take possession of such property; and to exercise any and all rights as provided by law or contract for the benefit or protection of the commission.

## History

Code 1981, § 8-3-311, enacted by Ga. L. 1993, p. 311, § 2; Code 1981, § 8-3-313, as redesignated by Ga. L. 2024, p. 168, § 1/HB 1410, effective July 1, 2024.

## Amendments

The 2024 amendment, effective July 1, 2024, redesignated former Code Section 8-3-311 as this Code section and inserted “or stable housing accountability program” in subsection (a).