An Act encouraging public-private partnerships to create affordable housing at public sites
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill aims to facilitate the creation of affordable housing by encouraging municipalities to partner with private developers. It proposes allowing municipalities to convey public property – such as land or buildings – to developers who would then construct mixed-use developments that include affordable housing units. The goal is to leverage private investment and expertise to increase the availability of affordable housing options.
Key provisions
- Allows municipalities to convey public property for affordable housing development.
- Promotes mixed-use developments that combine housing with other amenities.
- Encourages public-private partnerships to finance and construct affordable housing.
- Specifically targets the use of municipal land and buildings.
- Facilitates the creation of housing units that are affordable to residents.
- Requires the development to include affordable housing units.
- Directs the municipality to work with developers to ensure project feasibility.
- Establishes a process for reviewing and approving property conveyances.
Who is affected
- Municipalities
- Private Developers
- Housing Developers
- Low- and Moderate-Income Residents
- Regional Government
Notable changes
- Expands the use of municipal property for affordable housing.
Bill text
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Sponsors
Official sponsors from legislative records.
2 on record
Primary sponsor
Cosponsor
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