ND SB2192

Reduces the minimum percentage of housing incentive fund allocations directed to developing communities from 25% to 15%, while prioritizing housing for essential service workers (city, county, school district, medical/long-term care facility, and state employees).

Establishes a housing incentive fund tax credit allowing taxpayers to claim a credit equal to contributions made to the fund, with excess credits carried forward up to 10 years and a $20 million aggregate cap on all credits.

Requires the housing finance agency to maintain a register tracking housing units owned, master leased, or subsidized by employers of essential service workers and report quarterly to the legislative budget section on progress reducing the overall number of such units.

Appropriates $20 million from the general fund to the housing incentive fund for the biennium beginning July 1, 2017, through June 30, 2019, designated as one-time funding.

Modifies reporting requirements for the housing finance agency to report to the industrial commission upon request rather than mandating annual reports to the budget section.