Housing Affordability

H.B. 465 - Housing Affordability Revisions

Allows city redevelopment agencies to use funding to help construct income targeted homes (those at 120% of area median income) to increase the supply of owner-occupied homes; encourages the Point of the Mountain State Land Authority to increase supply of affordable housing through the use of its land use authority.

Passed in House and Senate

Topic(s):

• Housing Affordability

Category: Strong Communities

S.B. 208 - Housing and Transit Reinvestment Zone Amendments

Increases the housing affordability requirement of a housing and transit reinvestment zone from 10% affordable to 12% affordable, and requires that up to 9% must be affordable at less than or equal to 80% AMI, and at least 3% must be affordable at less than or equal to 60% AMI; requires housing and transit reinvestment zone proposal to include a housing affordability plan, which may include deed restricted units, to ensure maintained affordability throughout the entire zone term; promotes and encourages owner-occupied housing to the objectives of a housing and transit reinvestment zone.

Passed in Senate and House

Topic(s):

• Housing Affordability

Category: Strong Communities