This bill amends the Administrative Code of 1929 to enhance the process of conducting an annual property survey for State-owned real property. It requires the Department to distribute a request to all agencies by January 1 each year to compile detailed information on each parcel of real property under their jurisdiction. The survey must include specifics such as location, size, current use, and condition of the property, as well as identify any surplus properties. Additionally, for each surplus property identified, agencies must assess its potential for affordable housing development in consultation with the Department of Community and Economic Development.

The bill also mandates that agencies submit their completed surveys to the Department by March 1 each year. The Department is tasked with compiling these surveys and categorizing surplus properties based on their suitability for affordable housing development. Furthermore, it outlines a process for transferring surplus properties to other agencies that can utilize them effectively, contingent upon approval from the General Counsel and the Secretary of Budget and Administration. The bill introduces definitions for terms related to affordable housing and income classifications, ensuring clarity in the assessment and categorization process.