Bill
HB 3759
Overview: HB 3759 is a bill relating to the costs of developing housing, and it declares an emergency.Purpose and Intent: The main goal of this bill is to address the rising costs
Overview: HB 3759 is a bill relating to the costs of developing housing, and it declares an emergency.
Purpose and Intent: The main goal of this bill is to address the rising costs associated with housing development. The legislation aims to provide relief and support to developers and builders in order to facilitate the construction of more affordable housing units.
Key Provisions:
- Establishes a grant program to provide financial assistance to developers and builders to offset the costs of materials, labor, and other expenses related to housing construction
- Authorizes the state to issue bonds to fund the grant program
- Provides tax credits and other incentives for developers who incorporate energy-efficient and sustainable design elements into their housing projects
Affected Parties and Impacts: The primary beneficiaries of this bill would be housing developers and builders, who would receive financial support to help offset the rising costs of construction. Ultimately, the goal is to increase the supply of affordable housing units, which would positively impact low- and middle-income families seeking accessible and attainable housing options.
Procedural and Timeline Considerations: The bill is currently in committee upon adjournment, meaning it is still under consideration and has not yet been voted on by the full legislature. If passed, the emergency declaration would allow the provisions to take effect immediately, rather than the standard 90-day waiting period.
Compiled from official sources — confirm details with the bill’s official record.
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