Restore the American Dream.

SB 750, "Restore the American Dream," aims to address North Carolina's affordable housing shortage by funding the Housing Trust Fund. The bill provides a one-time $30 million allocation for the 2025-2026 fiscal year and establishes recurring revenue streams: 1.5% of property deed fees and 33% of real estate transfer tax proceeds will be directed to the fund. These funds will support affordable housing solutions - including home ownership, rentals, and supportive housing - for over 815,000 North Carolinians lacking access to affordable housing and 930,000 cost-burdened households. The bill seeks to reverse a 68% funding decline in the Housing Trust Fund over the past decade, ensuring sustainable resources for housing development.