HB408
Enterprise Zone Housing Availability Grant Program; established.
Status:
In House
Latest Action:
Jan. 28, 2026
House: Subcommittee recommends laying on the table (5-Y 0-N)
Chief Patron:
David Reid (D)
Session:
2026 Regular Session
Summary
As Introduced. Enterprise Zone Housing Availability Grant Program.
Establishes the Enterprise Zone Housing Availability Grant Program. The bill provides that, to be eligible to receive a grant under the Program, a qualified zone developer, as defined by the bill, must rent or sell, subject to certain affordability restrictions, any residential property for which costs were incurred to construct, ... (More) expand, or rehabilitate such property to a household that earns 80 percent or more of the area median income (AMI) of the locality in which the property is located, but less than 120 percent of such AMI. The bill further requires that such affordability restrictions remain in force for 10 years following the original execution of the lease or deed of sale for the property for which such costs were incurred. The bill authorizes grant awards based on a percentage of costs incurred to construct, expand, or rehabilitate the property. (Less)-
Bill History
- 01/12/2026 - House: Prefiled and ordered printed; Offered 01-14-2026 26102716D
- 01/12/2026 - House: Referred to Committee on Appropriations
- 01/17/2026 - House: Assigned HAPP sub: Commerce Agriculture & Natural Resources
- 01/26/2026 - House: Fiscal Impact Statement from Department of Planning and Budget (HB408)
- 01/27/2026 - House: Placed on Appropriations Agenda
- 01/28/2026 - House: Subcommittee recommends laying on the table (5-Y 0-N)
