Class 1 municipalities; creation of housing trust fund authorized
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Progress
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- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill allows Class 1 municipalities in Alabama to create and manage their own housing trust funds. It establishes a process for funding these funds, which can come from various sources like donations and grants, and outlines how the money can be used to develop and maintain affordable housing. The bill also creates an advisory board to oversee the trust fund’s operations and ensure it effectively addresses housing needs within the municipality.
Bill text
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