Create grants for housing near megaprojects; revise property law
This bill creates a new grant program to support housing developments near major state projects and provides funding to townships and municipalities that adopt specific pro-housing policies. The legislation establishes a new fund called the "expanded sales tax holiday fund" by transferring surplus state revenue, which is then used to finance these housing grants and to offset revenue losses from future sales tax holidays. Additionally, the bill modifies existing laws regarding community reinvestment areas to adjust how residential property is treated under those regulations. Local governments seeking these grants must demonstrate that they have implemented at least three pro-housing measures and describe how they plan to use the awarded funds.
Bill status
in committee
1 of 4 stages cleared
Introduction
Apr 2024
Committee Review
Floor Vote
Governor
Introduced Apr 22, 2024
Last action Dec 17, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
5
Key actions
0
Committee
2
Dec 16, 2024
Committee
Re-referred
lower
Apr 30, 2024
Committee
Refer to Committee
lower
Apr 22, 2024
Introduced
Introduced
lower
2 primary · 0 co-sponsors
Sponsors
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