Carolina Housing Promise Act.

Summary

The proposal authorizes the state Housing Finance Agency to sell up to $12‑$18 billion in bonds and notes to finance affordable housing projects. It also creates a small excise tax on property conveyance documents, with half the revenue going to counties and half to the state, and earmarks $5 million each year for a new Housing Innovation Office. The goal is to expand financing tools and generate dedicated revenue to address the state's housing shortage.

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