HB1260 establishes a surcharge on document recording fees to fund housing programs.
HB1260 imposes a $183 surcharge on each document recorded by county auditors, with exemptions for certain documents. The collected funds are distributed to various housing programs, including homeless housing, affordable housing, and supportive housing for individuals with disabilities. Cities and counties receive portions of the funds to operate local homeless housing programs and provide rental assistance. The state treasurer deposits a portion of the funds into specific accounts for housing initiatives.
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