H0627: Housing

Legislative Summary

Removes authority of local governments to adopt or maintain laws, ordinances, rules, or other measures that would have effect of imposing controls on rents; specifies requirements & restrictions on counties in approving housing developments; authorizes local governments to adopt ordinances to provide ad valorem tax exemption for portions of property used to provide affordable housing; revises total amount of community contribution tax credits which may be granted for projects; provides sales tax exemption for building materials used in construction of affordable housing units; authorizes department to make information available to corporation to administer Live Local Program; prohibits deduction of General Revenue Fund service charge on documentary stamp tax proceeds; provides appropriations.