Directs a study on creating a statewide affordable housing agency to build affordable housing using state funds and employing state residents.

The bill directs the commissioner of housing and community renewal, in consultation with the director of the budget and the commissioner of taxation and finance, to conduct a study on the efficacy of establishing a statewide affordable housing agency. This agency would focus solely on building affordable housing using state funds and employing residents of the state. The commissioner must prepare a report with findings and recommendations for potential legislative and regulatory actions, to be submitted to the governor and legislative leaders within one year.

Directs a study on creating a statewide affordable housing agency to build affordable housing using state funds and employing state residents.

The bill directs the commissioner of housing and community renewal, in consultation with the director of the budget and the commissioner of taxation and finance, to conduct a study on the efficacy of establishing a statewide affordable housing agency. This agency would focus solely on building affordable housing using state funds and employing residents of the state. The commissioner must prepare a report with findings and recommendations for potential legislative and regulatory actions, to be submitted to the governor and legislative leaders within one year.