Bill Summary for S 316 (2019-2020)

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Summary date: 

May 2 2019

Bill Information:

View NCGA Bill Details2019-2020 Session
Senate Bill 316 (Public) Filed Wednesday, March 20, 2019
AN ACT TO DIRECT CERTAIN MUNICIPALITIES TO REPORT TO THE GENERAL ASSEMBLY ON LOCAL GOVERNMENT FUNDING, SUBSIDIES, AND ACTIVITIES RELATED TO AFFORDABLE HOUSING.
Intro. by Wells, Krawiec, Edwards.

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Bill summary

Senate amendment to the 2nd edition makes the following changes. Adds that affordable housing is defined as housing affordable for a household with income of up to 80% of area median income and moderate income housing is defined as housing affordable for a household with income that is greater than 80% but not more than 120% of area median income.