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NV SB51
Bill
Status
Failed
4/12/2025
Primary Sponsor
Government Affairs
Click for details
AI Summary
- Creates the Account for Housing Expansion Through Local Partnerships in the State General Fund, administered by the Housing Division of the Department of Business and Industry
- Appropriates $20,000,000 to the Account to reimburse cities and counties for reducing or subsidizing impact fees, building permit fees, or enterprise fund fees for affordable housing projects
- Cities and counties must submit reimbursement requests to the Housing Division with proof of costs, compliance with NRS 278.235 requirements, and a certificate of occupancy for the completed affordable housing project
- Reimbursement requests require approval through a multi-step process: Housing Division review, State Board of Examiners recommendation, and final Interim Finance Committee approval
- Account funds do not revert to the State General Fund at fiscal year end and may be supplemented by grants, gifts, and donations
Legislative Description
Provides for reimbursement of cities and counties for reductions or subsidies of certain fees for affordable housing projects. (BDR 25-438)
Last Action
(Pursuant to Joint Standing Rule No. 14.3.1, no further action allowed.)
4/12/2025
Committee Referrals
Government Affairs11/19/2024
Full Bill Text
No bill text available