Bill Summaries: S784 (2017-2018 Session)

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  • Bill S 784 (2017-2018)
    Summary date: May 30 2018 - View summary

    Appropriates $35 million in recurring funds for the 2018-19 fiscal year from the General Fund to the Housing Finance Agency to be used for the Workforce Housing Loan Program established under GS 122A-5.15. Decreases the appropriation to the Housing Finance Agency for the Workforce Housing Loan Program in Fund Code 1100 by $20 million in nonrecurring funds for the 2018-19 fiscal year, notwithstanding any provision of law in SL 2017-57 or the committee report in Section 39.2 of that act. Adjusts all totals accordingly. 

    Appropriates $7.7 million in additional recurring funds for the 2018-19 fiscal year from the General Fund to the North Carolina Housing Trust Fund, to be administered in accordance with the provisions of GS Chapter 122E. 

    Directs the Legislative Research Commission to study affordable housing in North Carolina, specifically studying the impact on the availability of affordable housing by: local government zoning regulations and other ordinances, State and local programs designed to assist governments in enhancing availability of affordable housing, and the best practices of other jurisdictions. Directs the Commission to make a final report on its study of affordable housing to the 2019 Regular Session of the General Assembly upon its convening or January 15, 2019, whichever occurs first.

    Effective July 1, 2018. 
    Development, Land Use and Housing, Property and Housing, Government, Budget/Appropriations, General Assembly
    APPROP, STUDY

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