AN ACT TO SUPPLEMENT THE AVAILABILITY OF AFFORDABLE HOUSING BY ALLOWING LOCAL GOVERNMENTS TO PROVIDE FOR INCLUSIONARY ZONING AND TO APPROPRIATE FUNDS TO THE NORTH CAROLINA HOUSING FINANCE AGENCY FOR THE WORKFORCE HOUSING LOAN PROGRAM.
Identical to H 1043, filed 5/25/22.
Amends GS 160D-702 to authorize a local government to provide for inclusionary zoning in its zoning regulations in order to supplement the availability of affordable housing.
Appropriates $10 million in recurring funds from the General Fund to the Housing Finance Agency for 2022-23 to be used for the Workforce Housing Loan Program.
Effective July 1, 2022.