AN ACT INCLUDING PROPERTIES THAT ARE ABLE TO BE PURCHASED BY PERSONS MEETING CERTAIN INCOME REQUIREMENTS IN THE CALCULATION OF THE THRESHOLD FOR THE AFFORDABLE HOUSING APPEALS PROCEDURE EXEMPTION.
HB 6125 amends a state law to expand which properties count toward the 10% threshold for exemptions from affordable housing appeals. It specifically includes properties not requiring deed restrictions but that can be purchased by households earning 80% or less of the area median income (based on prior year's interest rates and property values). This change directly affects developers and property owners who may face appeals for not including affordable units, as more properties will now be counted toward the exemption threshold. The bill aims to make the calculation more inclusive of genuinely affordable housing options without changing the 10% requirement itself.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 22, 2025
Last action Jan 22, 2025
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Full legislative history
Actions timeline
Total actions
1
Key actions
0
Committee
1
Jan 22, 2025
Committee
REF. TO JOINT COMM. ON Housing
lower
0 primary · 0 co-sponsors
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