Synopsis
Requiring the Department of Housing and Community Development to reserve 2.5% of community development block grant funds awarded to the State for nonentitlement areas for award to affordable housing land trusts in the nonentitlement areas; establishing the intent of the General Assembly that certain entitlement areas award 2.5% of community development block grant funds to affordable housing land trusts; and exempting from property taxes real property held by an affordable housing land trust under certain circumstances.
Committees
Committee Testimony
Details
Bill File Type: Regular
Effective Date(s): June 1, 2022
Bill imposes a mandated appropriation in the annual State Budget Bill
Bill imposes a local government mandate which is a directive in a bill requiring a local government unit to perform a task or assume a responsibility that has a discernible fiscal impact on the local government unit
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(
7-249, 7-518
)
Last Updated: 4/7/2022 4:01 PM