LRB-1197/P3
MPG&MDE:cjs
2023 - 2024 LEGISLATURE
DOA:......Rice, BB0211 - Affordable Housing Grant Program
For 2023-2025 Budget -- Not Ready For Introduction
An Act ...; relating to: the budget.
Analysis by the Legislative Reference Bureau
Housing
Affordable housing grants
This bill requires DOA to award grants to municipalities for the purpose of increasing the availability of affordable workforce housing within the municipalities.
Because this bill may increase or decrease, directly or indirectly, the cost of the development, construction, financing, purchasing, sale, ownership, or availability of housing in this state, the Department of Administration, as required by law, will prepare a report to be printed as an appendix to this bill.
For further information see the state fiscal estimate, which will be printed as an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:
Section
1. 16.3065 of the statutes is created to read:
16.3065 Affordable workforce housing grants. (1) Definition. In this section, “municipality” means a city, village, or town.
(2) Grants. From the appropriation under s. 20.505 (7) (fq), the department shall award grants to municipalities for the purpose of increasing the availability of affordable workforce housing within the municipality, including by funding infrastructure for new affordable housing developments, creating or enhancing an affordable housing trust fund, or providing additional incentives for land use and zoning changes. The department may promulgate rules establishing eligibility requirements and other program guidelines for the grant program under this subsection, including guidelines designed to ensure that housing created with grant funds under the program remains affordable.
Section
2. 20.505 (7) (fq) of the statutes is created to read:
20.505 (7) (fq) Affordable workforce housing grants. Biennially, the amounts in the schedule for the grants to municipalities under s. 16.3065.
****Note: This Section
involves a change in an appropriation that must be reflected in the revised schedule in s. 20.005, stats.
(End)
