HB 352: Local authority; authorized by ordinance to establish affordable housing performance grant programs.

Official summary

Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.

Local authority; affordable housing performance grant programs. Allows any locality that has created an industrial development authority or economic development authority (the Authority) to establish, by ordinance, an affordable housing performance grant program. The bill outlines that such ordinance authorizes the Authority to award affordable housing performance grants to qualifying applicants. Such an ordinance must include: (i) a definition of affordable housing; (ii) grant application guidelines and processes, including an identification of the local officer that is designated to receive applications; (iii) criteria for determining whether the construction or improvement of property qualifies for the awarding of the grant; (iv) provisions that require an applicant seeking the award of a grant to acquire appropriate permits and complete the construction or improvement to develop affordable housing before such a grant will be awarded; (v) provisions that require an applicant seeking the award of a grant to present evidence demonstrating that he has filed and recorded a restrictive covenant to provide affordable housing on the property for a set term, as determined by the ordinance, provided that such term shall be no more than 30 years, on the subject qualifying property before such a grant will be awarded; and (vi) a timeline for the Authority to award grants to qualifying applicants, which may be either upon the completion of the construction or improvement of the property, or on January 1 of the year following the completion of the construction or improvement of the property. The bill also limits the total amount of any such grant to being no more than the amount equal to the increase in assessed value resulting from the construction or improvement of a property. Finally, the bill permits a locality that adopts such ordinance to impose a fee, not to exceed $250, to offset the costs of processing an application.

Sponsors

Sponsors by party (alphabetical): Democratic 5

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

1. April 8, 2026Acts of Assembly Chapter text (CHAP0386)
2. April 8, 2026Approved by Governor-Chapter 386 (effective 7/1/2026)
3. March 14, 2026Governor's Action Deadline 11:59 p.m., April 13, 2026
4. March 14, 2026Enrolled Bill communicated to Governor on March 14, 2026
5. March 12, 2026Signed by Speaker
6. March 11, 2026Signed by President
7. March 11, 2026Bill text as passed House and Senate (HB352ER)
8. March 11, 2026Enrolled
9. March 4, 2026Passed Senate (25-Y 15-N 0-A)
10. March 4, 2026Read third time
11. March 3, 2026Passed by for the day Block Vote (Voice Vote)
12. March 3, 2026Constitutional reading dispensed Block Vote (on 2nd reading) (40-Y 0-N 0-A)

Showing 12 most recent of 24 actions. Full history