Bill > S134

This bill modifies North Carolina's zoning regulations and provides funding for workforce housing by first amending the existing law to explicitly allow local governments to implement inclusionary zoning, which is a policy that requires or incentivizes developers to include a certain percentage of affordable housing units in new residential developments. The bill also appropriates $10 million in recurring funds from the General Fund to the North Carolina Housing Finance Agency for the Workforce Housing Loan Program during the 2025-2026 fiscal year, which is designed to help create and maintain affordable housing options for workers. The new provisions will take effect on July 1, 2025, giving local governments and the Housing Finance Agency time to prepare for the implementation of these changes. By providing both regulatory flexibility for local governments and direct financial support for housing initiatives, the bill aims to address housing affordability challenges across the state.

Budget and Finance

https://www.ncleg.gov/BillLookUp/2025/S134