The bill H.826 proposes the creation of the Land Access and Opportunity Fund, which will be overseen by the newly established Land Access and Opportunity Board. This fund aims to enhance access to affordable housing and promote community development, particularly for historically marginalized communities. It outlines eligible funding activities, including the purchase and renovation of housing and the development of transitional housing, while emphasizing safe and secure housing as a fundamental human right. The Board is also responsible for prioritizing projects that encourage self-sufficient neighborhoods and community resources.

Additionally, the bill mandates the Department of Taxes to produce a report by July 1, 2027, evaluating tax incentives and penalties related to affordable housing preservation, and it establishes the Land Security Working Group. This group will focus on identifying and protecting agricultural land for community food security, submitting a report to the General Assembly by December 15, 2026. The Working Group will hold its first meeting by July 15, 2026, and will be eligible for per diem compensation for up to 10 meetings. The bill is set to take effect upon passage.

Statutes affected:
As Introduced: 10-15