HB 5153 Summary

• Increases the workforce housing allocation in workforce housing development projects from 40% to 50% of units, with affordable housing remaining at 10% and market-rate units decreasing from 50% to 40%.

• Expands the definition of "business firm" eligible for workforce housing projects to include utility companies subject to Chapter 212 taxes.

• Allows municipalities 30 days after zoning approval to designate which workforce populations (such as firefighters, teachers, police officers, or emergency medical personnel) 50% of project units shall serve; if the municipality does not vote, the developer makes the designation.

• Applies effective June 1, 2024.