Bill Summary for S 316 (2019-2020)
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Bill: AFFORDABLE HOUSING.
Summary date:
May 2 2019
Bill Information:
| View NCGA Bill Details | 2019-2020 Session |
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.