Bill
HD 1532
Overview: HD 1532, An Act authorizing a local affordable housing surcharge, proposed bill, introduced November 29, 2025.Purpose and Intent: This legislation aims to provide local g
Overview: HD 1532, An Act authorizing a local affordable housing surcharge, proposed bill, introduced November 29, 2025.
Purpose and Intent: This legislation aims to provide local governments with an additional tool to address the growing affordable housing crisis within their communities. The intent is to empower municipalities to generate dedicated funding for the development and preservation of affordable housing units through the implementation of a surcharge on certain real estate transactions.
Key Provisions:
- Authorizes cities and towns to enact a local affordable housing surcharge of up to 1% on the sale price of residential and commercial properties
- Requires that the revenue generated from the surcharge be deposited into a dedicated affordable housing trust fund
- Allows the trust fund to be used for a variety of affordable housing initiatives, including new construction, rehabilitation, down payment assistance, and rental subsidies
- Provides for a local voter approval process before the surcharge can be implemented
Affected Parties and Impacts:
- Homebuyers and commercial property owners, who would be subject to the new surcharge on their real estate transactions
- Developers and landlords of affordable housing units, who would have access to the trust fund resources for their projects
- Low-income residents, who would benefit from the increased availability of affordable housing options in their communities
Procedural and Timeline Considerations:
The bill has been introduced in the state legislature and is currently under review by the relevant committee. If passed, the legislation would take effect immediately, allowing local governments to begin the process of enacting the affordable housing surcharge and establishing their trust fund programs, subject to voter approval.
Compiled from official sources — confirm details with the bill’s official record.
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