Bill > HB90

This bill significantly expands the powers and operational flexibility of municipal housing authorities in Alabama. It broadens the definitions of key terms like "housing project" and "community facilities" and introduces new concepts such as "mixed-use project," which allows housing authorities to develop multi-purpose developments. The bill grants housing authorities extensive new capabilities, including the ability to participate in various business organizations, create subsidiaries, enter complex contractual arrangements like design-build agreements, and make or arrange loans and financing for development projects. The legislation also provides comprehensive tax exemptions for housing authorities, including exemption from state taxes, and allows for potential exemptions from county and municipal taxes upon approval by local governing bodies. Additionally, the bill retroactively validates previous business entity creations by housing authorities and ensures that when using state or local funds, the authorities must comply with existing procurement regulations. The expanded powers are intended to give housing authorities more tools to address housing needs, particularly for low-income individuals, and to facilitate more innovative and comprehensive community development strategies. The bill will become effective on June 1, 2025.

Government Affairs

https://alison.legislature.state.al.us/bill-search