relative to creating a state assessment on non-homestead luxury second homes to fund statewide housing development programs and address housing shortages and making appropriations therefor.

Summary

The bill imposes a semi‑annual assessment on residential properties valued over $1 million that are not a primary residence, directing the revenue to a suite of housing initiatives. It also creates a commission to study low‑cost financing, expands investment tax credits for housing projects, and provides grants, loans, and workforce‑training funds to municipalities and developers. The aim is to boost the supply of affordable housing and address the state's projected housing shortfall.

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