Bill

Bill > H1056


NC H1056

NC H1056
Relieving Housing Bottlenecks


summary

Introduced
04/27/2026
In Committee
04/28/2026
Crossed Over
Passed
Dead

Introduced Session

2025-2026 Session

Bill Summary

AN ACT TO ALLOW RESIDENTIAL DEVELOPMENT IN ALL COMMERCIAL ZONES, TO PROHIBIT MINIMUM PARKING REQUIREMENTS, TO REQUIRE THE NORTH CAROLINA HOUSING FINANCE AGENCY TO ESTABLISH A MUNICIPAL HOUSING APPROVAL ACCELERATION PROGRAM, TO PRESERVE SINGLE-FAMILY HOMEOWNERSHIP, TO ESTABLISH A WORKFORCE HOUSING PRECONSTRUCTION REVOLVING LOAN PROGRAM, AND TO PROVIDE ADDITIONAL FUNDING FOR THE NORTH CAROLINA HOUSING FINANCE AGENCY. Whereas, housing costs in North Carolina have risen sharply over the past decade, with median home prices increasing by more than 50 percent statewide since 2015 and rents rising significantly in both urban and rural communities; and Whereas, more than one in three renter households in North Carolina are cost burdened, paying over 30 percent of their income toward housing, and hundreds of thousands of households face severe cost burdens, paying more than half of their income for housing; and Whereas, wages for many working families have not kept pace with rising housing costs, placing homeownership further out of reach and increasing financial strain on teachers, first responders, health care workers, and service employees; and Whereas, North Carolina continues to experience strong population growth, adding thousands of new residents each year, while housing production has failed to keep pace with demand, resulting in low vacancy rates and sustained upward pressure on prices; and Whereas, regulatory barriers, infrastructure constraints, and lengthy or unpredictable approval processes increase the cost and time required to build housing, limiting supply and contributing to higher prices; and Whereas, expanding housing supply and removing unnecessary bottlenecks are essential to restoring affordability, strengthening workforce stability, and ensuring that North Carolina remains competitive and accessible for current and future residents; and Whereas, the General Assembly declares that addressing housing affordability is an urgent statewide priority and that effective, supply-focused policy reforms are necessary to reduce costs and support price-burdened households across North Carolina; Now, therefore,

AI Summary

This bill aims to address North Carolina's housing affordability crisis by implementing several key provisions: it allows residential development in all commercial zones, removing a significant barrier to increasing housing supply; it prohibits local governments from requiring minimum parking spaces for new developments, except as mandated by the Americans with Disabilities Act (ADA), which is a federal law ensuring equal access for people with disabilities; it establishes a Municipal Housing Approval Acceleration Program, administered by the North Carolina Housing Finance Agency (NC HFA), to reimburse local governments for costs associated with speeding up the review and approval of housing development applications; it seeks to preserve single-family homeownership by making it unlawful for a corporate buyer to own more than 25 single-family homes primarily for rental or speculative purposes, defining "corporate buyer" as an entity like a company or LLC, not an individual homeowner, and "single-family home" as a detached or semi-detached house or townhome with specific separation requirements; it creates a Workforce Housing Preconstruction Revolving Loan Program, also managed by the NC HFA, to provide loans for initial development costs like surveys and site preparation for housing affordable to households earning between 60% and 120% of the area median income, with a cap of $1 million per loan and a reservation of funds for economically distressed areas; and finally, it appropriates $120 million to the NC HFA for the Municipal Housing Approval Acceleration Program and $40 million to the North Carolina Housing Trust Fund for the Workforce Housing Preconstruction Revolving Loan Program.

Committee Categories

Budget and Finance

Sponsors (35)

Last Action

Ref to the Com on Appropriations, if favorable, Rules, Calendar, and Operations of the House (on 04/28/2026)

Taxonomy

Community Development and Housing Issues
  • ‐ General Housing and Community Development
  • ‐ Housing and Community Development for Low and Middle Income Persons
  • ‐ Housing and Real Estate Finance

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