PUBLIC LANDS: Provides relative to surplus immovable property for affordable housing. (7/1/26)

SB 301 directs Louisiana to use surplus state-owned land for affordable housing by requiring the Louisiana Housing Corporation to maintain an annual public inventory of available property. It establishes a process where nonprofit or government housing entities can submit proposals to develop affordable housing on this land, with proposals evaluated based on criteria like the proportion of deeply affordable units (rent ≤30% of income for very low-income residents), nonprofit ownership models, and inclusion of supportive services. The bill directly affects affordable housing entities, which can develop housing for very low-income (≤50% median income), low-income (≤80%), and moderate-income (≤100%) residents, while requiring annual reporting on transferred properties to the legislature. Key mechanisms include mandatory scoring of proposals, cooperative agreements between the Corporation and housing entities, and gubernatorial review for property retention. The law takes effect July 1, 2026.