Relating to housing; prescribing an effective date.
Catchline/Summary:
Directs Land Conservation and Development Commission to encourage local governments to dedicate land for affordable housing. Directs Land Conservation and Development Commission to encourage local governments to dedicate land for affordable housing. Authorizes commission to establish process to expedite inclusion within urban growth boundary of land dedicated to affordable housing.
Permits local government to require developers to allocate up to 10 percent of housing units in new multiunit developments for affordable housing. Designates housing development projects complying with local government inclusionary zoning requirement as expedited land division. Requires local governments to prepare housing cost impact statements upon consideration of certain legislative actions.
Permits Metro to designate up to five subregions for consideration for urban growth boundary expansion.
Creates income tax credit for development of affordable housing.
Ends moratorium on local governments' imposing construction taxes.
Creates new authority for local government, local service district and special government body to impose construction taxes, at rate not exceeding $0.50 per square foot, on improvements to residential, commercial and industrial real property that result in new structure or additional square footage in existing structure, including remodeling that adds living space. Requires local government, local service district and special government body to transfer construction excise tax revenue to Housing and Community Services Department Revolving Account for distribution by department to local government, local service district or special government body and certain programs for home ownership, rental assistance and affordable housing.
Modifies provisions requiring landlord to provide emergency exits from bedrooms.
Takes effect on 91st day following adjournment sine die.
Chapter Number:
Fiscal Impact:
Fiscal Impact Issued
Revenue Impact:
May Have Revenue Impact, But No Statement Yet Issued
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