HB 2423
An Act amending Title 53 (Municipalities Generally) of the Pennsylvania Consolidated Statutes, establishing the Residential Economic Development District Grant Program and the Residential Economic Development District Fund.
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill establishes the Residential Economic Development District Grant Program and the Residential Economic Development District Fund within the Pennsylvania Department of Community and Economic Development. The program aims to encourage the development of ‘major workforce housing projects’ in designated ‘residential economic development districts’ by providing grants to counties and municipalities that adopt ‘pro-housing development policies.’ These policies could include streamlining permitting processes, reducing fees, and promoting diverse housing options. The fund will provide the financial resources for these grants.
Key provisions
- Creates the Residential Economic Development District Grant Program to fund workforce housing projects.
- Establishes the Residential Economic Development District Fund to provide grant funding.
- Defines ‘pro-housing development policies’ that municipalities can adopt to be eligible for grants.
- Specifies criteria for eligible applicants, including adoption of pro-housing policies and approval of a major workforce housing project.
- Outlines allowable uses of grant funds, including capital for housing development, infrastructure improvements, and addressing related community needs.
- Prioritizes grant applications based on the number of pro-housing policies adopted by the applicant.
- Allows for collaboration between counties and municipalities in applying for grants.
- Defines key terms such as ‘major economic development project’ and ‘major workforce housing project’.
Who is affected
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Primary sponsor
Cosponsors
Benjamin Sanchez
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