Establishes the pro-housing communities incentive fund to provide incentive payments to municipalities based on the number of eligible new housing.
The bill establishes the pro-housing communities incentive fund to provide incentive payments to municipalities based on the number of eligible new housing units produced within such municipality. The fund will provide payments for various types of housing units, with higher payments for affordable, supportive, public, or formerly homeless housing units. Municipalities can use the funds for lawful municipal purposes, including infrastructure, planning, and public safety.
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