Appropriates $30 million to the North Carolina Housing Trust Fund for affordable housing initiatives.

The bill allocates $30 million from the General Fund to the North Carolina Housing Trust Fund to address the shortage of affordable housing. It emphasizes the importance of affordable housing for economic development and the state's future. The fund, which has seen a significant decrease in investment over the past decade, aims to assist over 815,000 North Carolinians without access to affordable housing. The bill also establishes a recurring revenue source to ensure the fund's sustainability, leveraging private funding to support various affordable housing needs.

Appropriates $30 million to the North Carolina Housing Trust Fund for affordable housing initiatives.

The bill allocates $30 million from the General Fund to the North Carolina Housing Trust Fund to address the shortage of affordable housing. It emphasizes the importance of affordable housing for economic development and the state's future. The fund, which has seen a significant decrease in investment over the past decade, aims to assist over 815,000 North Carolinians without access to affordable housing. The bill also establishes a recurring revenue source to ensure the fund's sustainability, leveraging private funding to support various affordable housing needs.