HB2153: Comprehensive plan; housing development by nonprofit organizations.

Legislative Summary

Affordable housing; comprehensive plan; development by nonprofit organizations; Department of Housing and Community Development. Grants authority to localities to adopt a variety of strategies intended to encourage and facilitate the development of affordable housing on property owned by property tax-exempt nonprofit organizations. To stimulate development of such property, the bill allows localities to provide by ordinance the alteration or waiver of requirements for certain zoning permits and the creation of site plan application incentives. If a locality adopts such an ordinance, the bill requires that such ordinance shall ensure that the organization agrees to preserve the property as affordable housing for at least 40 years. The bill requires the Department of Housing and Community Development to publish a document describing the strategies a locality may consider on the Department's website no later than December 1, 2025.