Public Hearing: YES ? NO ? Department: Board of Commissioners - District 6
SUBJECT:
Title
Commission District(s): All Commission Districts
A Resolution by The Board of Commissioners of DeKalb County Designating 1% Of The 8% Hotel-Motel Tax Revenue for An Affordable Housing Trust Fund Beginning in 2025, Pending Fund Approval
Body
Information Contact: Commissioner Edward C. "Ted" Terry
Phone Number: 404-371-4909
PURPOSE:
A resolution by the Board of Commissioners of DeKalb County designating 1% of the 8% Hotel-Motel Tax Revenue for an Affordable Housing Trust Fund beginning in 2025, pending fund approval. The designated funds shall support the development, acquisition, rehabilitation, and preservation of affordable housing, as well as services that prevent homelessness and promote housing stability for low- and moderate-income households within DeKalb County. The resolution is attached and also outlines reporting, accountability, and implementation details.
NEED/IMPACT:
DeKalb County generates significant revenue through an 8% hotel-motel tax, which funds various community and public services, and dedicating a portion of this tax revenue to affordable housing would address a critical need and enhance long-term community prosperity.
In 2023, total Hotel-Motel Tax revenue was $5,202,328. State law dictates how the funds are distributed, so $2,167,794 went to Discover DeKalb (DCVB), $2,066,642 was transferred to the Unincorporated Fund to support county operations, and $1,033,321 was transferred to the CIP Fund for tourism product development projects. FY24 revenues YTD are $4,126,518, and the distribution of the proceeds are $1,641,308 to DCVB; $1,526,933 to the Unincorporated Fund; and $741,973 to tourism product development.
This co-sponsored resolution by District 2 and District 6 proposes to establish an Affordable Housing Trust Fund, within the purview of the Board of Commission, wit...
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