Housing

Authorizes a county to reduce the number of housing units that may be built within any portion of the county only if the county increases the number of housing units that may be built elsewhere in the county, such that there is no net loss in residential capacity. Effective 4/23/2057. (SD1)

SB 115 increases the amount of real property protected from seizure by creditors when enforcing court judgments. This directly affects homeowners and property owners facing debt collection, as it raises the threshold before property can be attached or executed. The key provision is raising the exemption amount, meaning more valuable homes and land will remain protected from being sold to satisfy debts. This change modifies existing property protection rules without altering debt collection procedures themselves.

Establishes a working group within the Office of the Governor for administrative purposes to ascertain the State's available water resources and water system source capacity and to streamline well permit approval processes to further plan for the development of affordable housing. Requires the working group to inventory all available water resources statewide and identify sources of aquifer replenishment in relation to affordable housing development. Requires an interim and final report to the Legislature. (SD2)

Establishes what constitutes transit-oriented development and incentivizes development in county-designated transit-oriented development areas or zones. Prioritizes the allocation of a minimum percentage of the Rental Housing Revolving Fund for certain mixed-income rental housing projects or units. Effective 7/1/2050. (SD1)