Relating to a prohibition on the allocation of low income housing tax credits for developments located in certain school districts.

HB 280 prohibits allocating low-income housing tax credits for new developments in municipalities or counties where housing tax credits or private activity bonds already support more than twice the state average of units per capita. This directly affects developers seeking tax credits for new projects in areas already saturated with subsidized housing. The law blocks applications for such developments unless the applicant obtains prior approval from the department. The provision aims to limit new allocations in locations with high existing concentrations of credit-supported housing.