AN ACT INCREASING THE REIMBURSEMENT PERCENTAGE FOR SCHOOL BUILDING PROJECT GRANTS FOR MUNICIPALITIES THAT MEET CERTAIN AFFORDABLE HOUSING THRESHOLDS.

SB 811 increases reimbursement rates for school building grants to municipalities meeting specific affordable housing thresholds. Municipalities with 10% or more affordable housing (as defined in state law) receive a 20% higher reimbursement, those with 8-10% get 8% more, and those with 6-8% get 5% more. This directly affects school districts in qualifying towns by boosting funding for construction projects based on their housing affordability metrics. The bill aims to link school infrastructure funding to local housing policies without changing eligibility requirements for the grants themselves.