Bill Summary for H 645 (2023-2024)
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Summary date:
Apr 17 2023
Bill Information:
| View NCGA Bill Details | 2023-2024 Session |
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.Intro. by Everitt, Butler.
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Bill summary
Amends GS 160D-702 to allow local government zoning regulations to provide for inclusionary zoning in order to supplement the availability of affordable housing.
Appropriates $10 million in recurring funds for 2023-24 from the General Fund to the Housing Financing Agency for the Workforce Housing Loan Program.
Effective July 1, 2023.