Establishing land banking authorities.

Where it is in the process

Plain-English Summary

This bill creates land banking authorities to acquire, hold, and prepare land for affordable housing development. These authorities, which can be public corporations, housing authorities, or certain non-profits, would be exempt from property and real estate excise taxes on land used for this purpose. The goal is to reduce housing costs and increase affordable housing options by making land more readily available for developers.

No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text

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