Class 1 municipalities; authorization to establish community land trusts, affordable housing

Summary

HB 404 authorizes Class 1 municipalities in Alabama to create community land trusts (CLTs) that can develop affordable housing. The bill bars CLTs from engaging in political activity or hiring others to do so, requires them to record ground‑lease information, and gives tax exemptions for properties used as affordable housing under ground leases. It became law after enactment.

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