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2025 Session

Budget Amendments - SB800 (Committee Approved)

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Workforce Housing Assistance Incentive Grant Pilot

Item 103 #6s

Item 103 #6s

First Year - FY2025 Second Year - FY2026
Commerce and Trade
Department of Housing and Community Development FY2025 $190,000 FY2026 $0 GF

Language
Page 111, line 49, strike "$150,752,325" and insert "$150,942,325".

Page 121, after line 18, insert:

"AA.1. Out of the appropriation in this item, $190,000 the first year from the general fund shall be used by the Department to establish a Workforce Housing Incentive Matching Grant program.  The program shall provide dollar-for-dollar matching incentive grants to localities, or other political subdivisions acting on behalf of the localities, that offer unique benefits to businesses that provide housing assistance for their workforce.

2. The department shall develop appropriate guidelines and criteria for grant awards and the use of the funding.

3. The department shall report to the General Assembly on or before December 1, 2026 on the pilot program. At a minimum, the report shall include information on the number of applicant localities, description of incentives provided, number and type of businesses participating, and the estimated cost of continuing the program or expanding it statewide."



Explanation

(This amendment provides funding for a pilot incentive program for localities to offer incentives to businesses that provide workforce housing assistance.)