WeVote
Log In

Bill

Bill

A 2224

Relates to requiring affordable housing projects to calculate and only use the area median income for the specific county that the project is located in

2025 Regular Session Introduced by George Alvarez and 1 co-sponsor

Bill A 2224 requires affordable housing projects to use county-specific median income for eligibility, enhancing access for low-income families in diverse economic areas.

REFERRED TO HOUSING
0
WeVote Research Nonpartisan
Bill Summary · A 2224

Summary of Bill A 2224

Bill Number: A 2224
Title: Relates to requiring affordable housing projects to calculate and only use the area median income for the specific county that the project is located in
Status: Referred to Housing
Introduced: January 15, 2025
Classification: Bill

Purpose and Intent

Bill A 2224 aims to enhance the affordability of housing projects by ensuring that the area median income (AMI) calculations used for determining eligibility and funding are specific to the county where the project is located. This approach seeks to address disparities in income levels across different regions, thereby making affordable housing more accessible to residents in varying economic circumstances.

Key Provisions

  • County-Specific AMI Calculation: The bill mandates that affordable housing projects must calculate the area median income based solely on the county in which the project is situated. This is a shift from previous practices that may have used broader regional or state-wide income averages.

  • Eligibility and Funding Adjustments: By using county-specific AMI figures, the bill aims to refine eligibility criteria for potential residents and ensure that funding allocations for affordable housing projects are more accurately aligned with local economic conditions.

Impact

  • Targeted Assistance: The bill is expected to benefit low- and moderate-income families in counties with lower median incomes, allowing them to qualify for affordable housing options that may have previously been out of reach due to higher regional income averages.

  • Local Economic Considerations: By focusing on county-specific data, the legislation acknowledges the unique economic landscapes of different areas, promoting a more tailored approach to affordable housing development.

Procedural Aspects

  • Legislative Status: As of January 15, 2025, Bill A 2224 has been referred to the Housing Committee for further consideration. The timeline for subsequent actions, such as hearings or votes, will depend on the committee's schedule and priorities.

Related Bills

This bill is part of a broader legislative context, with several related bills from prior sessions, including:
- A 5968
- A 2676
- A 2015
- A 7778

These related bills may provide additional insights into ongoing legislative efforts to address affordable housing issues.

This summary provides an overview of Bill A 2224, highlighting its purpose, key provisions, potential impacts, and procedural status to inform stakeholders and the public about its significance in the realm of affordable housing policy.

Compiled from official sources — confirm details with the bill’s official record.

Sign in to ask a question.