Expands workforce housing by providing funding for the North Carolina Housing Trust Fund.
The bill allocates $30 million from the General Fund to the North Carolina Housing Trust Fund for the 2025-2026 fiscal year. It also revises the distribution of fees collected by the register of deeds, directing 33% of the funds to the North Carolina Housing Trust Fund. The bill aims to address the shortage of affordable housing in North Carolina, which affects over 815,000 residents.
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