The resolution requests the Joint Committee on Government and Finance to conduct a comprehensive study on the West Virginia Department of Environmental Protection's Reclamation of Abandoned and Dilapidated Properties Program. The study aims to evaluate the program's implementation and funding structure, including the feasibility of requiring reinvestment of proceeds from the sale of remediated properties into a designated fund for future demolition and matching grants. It also seeks to explore the potential for local governments to contribute financially to remediation efforts and to assess the merits of using fines and fees from property maintenance violations to support these initiatives.
Additionally, the resolution emphasizes the need for strategic incentives to encourage the redevelopment of remediated sites, particularly in light of West Virginia's housing shortage. Proposed incentives include temporary property tax relief, affordable housing price caps, and the use of cost-effective modular housing solutions. The study will also identify barriers to redevelopment, such as regulatory and financing challenges, and recommend strategies to facilitate the productive reuse of these properties to address the urgent housing needs of West Virginia communities. The findings and recommendations from the study are to be reported to the Legislature in 2026.