The proposed bill, General Assembly Proposed Bill No. 5811, seeks to appropriate a total of two hundred million dollars from the General Fund to the Department of Housing for the fiscal year ending June 30, 2026. This funding is intended to enable the Commissioner of Housing to develop housing projects that consist entirely of affordable units, thereby addressing the need for affordable housing in the state.
The bill emphasizes the importance of creating housing that is accessible to all, as indicated by its focus on projects that are comprised of one hundred percent affordable units. There are no deletions from current law mentioned in the text, indicating that this bill introduces new funding provisions without altering existing legal language.