SB 51
Provides for reimbursement of cities and counties for reductions or subsidies of certain fees for affordable housing projects. (BDR 25-438)
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- Passed Senate
- Passed Assembly
- To Governor
- Became Law
Bill overview
This bill creates a state fund to reimburse cities and counties for the costs associated with reducing or subsidizing certain fees related to affordable housing projects. Specifically, it aims to help local governments meet requirements to include affordable housing measures in their master plans. The bill establishes a process for cities and counties to request reimbursement, outlines the administration of the fund, and appropriates $20 million to support these efforts. The Interim Finance Committee will oversee the allocation of funds from this account.
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Primary sponsor
Senate Committee on Government Affairs
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