The bill HB90 amends Sections 24-1-22 and 24-1-27 of the Code of Alabama 1975, enhancing the powers of municipal housing authorities and providing specific tax exemptions for public housing authorities under certain conditions. Key insertions include the definition of a "Mixed-Use Project," which refers to developments that combine housing, retail, and recreational facilities within a shared space. The bill also updates legal terminology for clarity, replacing "city" with "municipality" and refining definitions related to housing projects. Additionally, it ratifies previously created subsidiaries of municipal housing authorities and emphasizes their role in investigating housing conditions and collaborating with city planning agencies to address low-income housing needs.

Further amendments expand the operational capabilities of municipal housing authorities, allowing them to collaborate with various governmental entities, manage housing projects regardless of ownership, and participate in business organizations related to development activities. The bill grants authorities the ability to provide financial support to business organizations, including making loans and guaranteeing debts, while clarifying that entities not wholly owned by the authority will not possess eminent domain powers. It also validates prior actions taken by the authority in creating business entities before June 1, 2025, and establishes tax exemptions for municipal housing authorities, including property, income, and bonds, contingent upon approval from relevant governing bodies. The act is set to take effect on June 1, 2025.

Statutes affected:
Introduced: 24-1-22, 24-1-27
Engrossed: 24-1-22, 24-1-27
Enrolled: 24-1-22, 24-1-27