HB406 Engrossed is a bill that proposes to amend Sections 24-1-61 and 24-1-66 of the Code of Alabama 1975, concerning the powers and operations of county housing authorities. The bill includes updates to terminology, such as changing "persons of low income" to "individuals of low income," and expands the definition of "federal government" to include the United States Department of Housing and Urban Development. It introduces the concept of "mixed-use projects" and revises the powers of housing authorities to include investigating living conditions, making housing-related recommendations, and taking over housing projects. The bill also allows for the construction, reconstruction, improvement, alteration, or repair of housing projects.

Additionally, the bill grants housing authorities the ability to operate, manage, lease, convey, or deal with housing projects, community facilities, or mixed-use projects, and to participate in or support business organizations related to these projects. It enables authorities to make loans, contribute to capital, or provide financing, and to create subsidiaries or affiliates. The bill specifies that determinations by the authority's board regarding these powers are conclusive and that business entities not wholly owned by the authority do not have eminent domain power. It exempts housing authorities from state taxes and fees, with potential exemptions from local taxes, and validates actions taken by wholly owned business entities before June 1, 2024. The bill passed the House with 101 yeas and is effective immediately upon enactment.

Statutes affected:
Introduced: 24-1-61, 24-1-66
Engrossed: 24-1-61, 24-1-66