Establishes a state program and fund to finance adaptive reuse and mixed-use housing projects, requiring affordable units and labor standards, with.

The bill creates the Residential Reuse Incentive Act, establishing a program to finance adaptive reuse and mixed-use housing projects. It mandates that at least 20% of the dwelling units be affordable housing. The program requires compliance with labor standards, including wage and hour laws, and prohibits hiring contractors or subcontractors with recent violations. The fund will consist of state appropriations, federal programs, private contributions, and repayments of principal and interest. The program will sunset on December 31, 2035.

Establishes a state program and fund to finance adaptive reuse and mixed-use housing projects, requiring affordable units and labor standards, with.

The bill creates the Residential Reuse Incentive Act, establishing a program to finance adaptive reuse and mixed-use housing projects. It mandates that at least 20% of the dwelling units be affordable housing. The program requires compliance with labor standards, including wage and hour laws, and prohibits hiring contractors or subcontractors with recent violations. The fund will consist of state appropriations, federal programs, private contributions, and repayments of principal and interest. The program will sunset on December 31, 2035.