A5570

Enhances ability of religious and nonprofit organizations to convert property to inclusionary developments with affordable housing.

The "Yes In God’s Backyard Act" enhances the ability of religious and nonprofit organizations to convert certain property to inclusionary developments with affordable housing. The bill establishes a Faith and Nonprofit Housing Development Assistance program and fund. The bill authorizes the issuance of bonds for up to $250 million and appropriates $50 million. The bill requires a municipality to permit the conversion of certain eligible property into inclusionary developments by certain eligible nonprofit and religious organizations.