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NC H1143

Bill

Official Source

Status

Introduced

5/26/2022

Primary Sponsor

Caleb Rudow

Click for details

Origin

House of Representatives

2021-2022 Session

AI Summary

  • Appropriates $10,500,000 in recurring General Fund dollars to the North Carolina Housing Trust Fund for the 2022-2023 fiscal year to support affordable housing programs
  • Addresses housing affordability crisis where average rent in North Carolina increased 20%, exceeding the nationwide average increase of 16%
  • Notes that no state or county in North Carolina has affordable two-bedroom apartments for full-time minimum wage workers
  • Recognizes North Carolina as the fourth highest state for population growth with rising income inequality and increasing demand for affordable housing
  • Becomes effective July 1, 2022

Legislative Description

Housing Trust Fund/Increase Funding

Appropriations

Last Action

Ref to the Com on Appropriations, if favorable, Rules, Calendar, and Operations of the House

5/31/2022

Committee Referrals

Appropriations5/31/2022

Full Bill Text

No bill text available