Housing and Community Development - Affordable Housing - Educator Workforce Housing and Municipal Corporations

Summary

The bill lets county boards of education treat educator workforce housing as a school purpose, allowing them to acquire land or buildings and use state loan, grant or tax‑credit money to build affordable homes reserved for teachers and other school employees. It also creates a Housing Innovation Fund that provides low‑ or no‑interest loans to counties, municipal corporations and school boards for mixed‑income projects that include this workforce housing. The law sets up a pilot program to select up to three innovative housing projects each year and adds new rules for nonprofit community‑service proposals that may include educator housing.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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