North Carolina 2025 Session Status: In Committee Bipartisan · 30 D · 1 I cosponsors

HB 603 — Workforce Housing Loans - Preconstruction Costs.

Last action — Passed 1st Reading

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the House. Introduced March 31, 2025. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the House.

Odds of enactment

Low chance

Based on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.

Upgrade to see the exact probability and what's driving it.

A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Advancing 42% · moderate confidence

  • In Committee

    Current position in the legislative process.

  • 31 sponsors

    3 primary, 28 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (30 D · 1 I) — cross-party backing.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Bill Text

What changed in the latest version

24 added · 22 removed

Plain-language change summary

The latest version of House Bill 603 includes a few key updates. Firstly, the bill now specifies that it will use a certain development tier designation for all loans issued during the fiscal year, ensuring consistency in how loans are managed. Additionally, the report that the Agency must submit has been clarified to detail not just the number of loans, but also the specific amounts and recipients, allowing for greater transparency. Lastly, the bill's introduction date has been updated to reflect the current legislative session. These changes are significant as they aim to enhance accountability and ensure that funding is appropriately allocated and monitored.

→
Previous
Latest
GENERAL ASSEMBLY OF NORTH CAROLINA H.B.
GENERAL ASSEMBLY OF NORTH CAROLINA SESSION 2025 H 1 HOUSE BILL 603 Short Title:
603 Mar 31, 2025 SESSION 2025 HOUSE PRINCIPAL CLERK H D HOUSE BILL DRH40334-NOa-15 Short Title:
Representative Reives.
Representatives Reives, Alston, Dahle, and Lopez (Primary Sponsors).
For a complete list of sponsors, refer to the North Carolina General Assembly web site.
A BILL TO BE ENTITLED AN ACT TO CREATE A REVOLVING LOAN FUND IN THE NORTH CAROLINA HOUSING FINANCE AGENCY TO PROVIDE SHORT-TERM FINANCING TO SUPPORT PRECONSTRUCTION COSTS OF WORKFORCE HOUSING PROJECTS IN THE STATE.
Appropriations, if favorable, Finance, if favorable, Rules, Calendar, and Operations of the House April 1, 2025 A BILL TO BE ENTITLED AN ACT TO CREATE A REVOLVING LOAN FUND IN THE NORTH CAROLINA HOUSING FINANCE AGENCY TO PROVIDE SHORT-TERM FINANCING TO SUPPORT PRECONSTRUCTION COSTS OF WORKFORCE HOUSING PROJECTS IN THE STATE.
– The North Carolina Housing Finance Agency shall establish and administer the Workforce Housing Preconstruction Revolving Loan Program for the purpose of making revolving loans for preconstruction costs for workforce housing projects before developers obtain permanent, privatefinancing.TheAgency shall establish guidelinesforproject equity requirements for applicants between twenty percent (20%) and thirty-five percent (35%) based on market conditions in the county where the project is located.
– The North Carolina Housing Finance Agency shall establish and administer the Workforce Housing Preconstruction Revolving Loan Program for the purpose of making revolving loans for preconstruction costs for workforce housing projects before developers obtain permanent, privatefinancing.
TheAgencyshall establish guidelinesforproject equity requirements for applicants between twenty percent (20%) and thirty-five percent (35%) based on market conditions in the county where the project is located.
For the purposes of this subsection, the development tier designation that is in effect as of the beginning of a fiscal year shall be applied for all loans issued for that fiscal year.
*H603-v-1* General Assembly Of North Carolina Session 2025 For the purposes of this subsection, the development tier designation that is in effect as of the beginning of a fiscal year shall be applied for all loans issued for that fiscal year.
*DRH40334-NOa-15* General Assembly Of North Carolina Session 2025 (d) Report.
(d) Report.
2021-180, to the NorthCarolinaHousing TrustFund;suchfundsareherebyappropriatedforthepurposesoutlined in this act.
2021-180, to the NorthCarolinaHousing TrustFund;suchfundsareherebyappropriatedforthe purposesoutlined in this act.
Page 2 DRH40334-NOa-15
Page 2 House Bill 603-First Edition
⬇ Download PDF
View plain text versions (2)

Action History

  1. Passed 1st Reading

  2. Ref to the Com on Appropriations, if favorable, Finance, if favorable, Rules, Calendar, and Operations of the House

  3. Filed

Sponsors

Sponsorship breakdown

Export CSV (upgrade) →

3 sponsors · 28 co-sponsors · 148 not signed on

Sponsors (3)

Co-sponsors (28)

Not signed on (148)

148 members have not signed on to this bill.

Show all 148 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance housing
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors HB 603?
HB 603 is sponsored by Phil Rubin (Democratic), James Roberson (Democratic), Lindsey Prather (Democratic), Dante Pittman (Democratic), Rodney D. Pierce (Democratic), Garland E. Pierce (Democratic), Marcia Morey (Democratic), Nasif Majeed (U), Tim Longest (Democratic), Ya Liu (Democratic), Monika Johnson-Hostler (Democratic), Zack Hawkins (Democratic), Pricey Harrison (Democratic), Julia Greenfield (Democratic), Mike Colvin (Democratic), Tracy Clark (Democratic), Maria Cervania (Democratic), Becky Carney (Democratic), Deb Butler (Democratic), Allen Buansi (Democratic), Kanika Brown (Democratic), Mary Belk (Democratic), Cynthia Ball (Democratic), Amber M. Baker (Democratic), Eric Ager (Democratic), Jordan Lopez (Democratic), Allison A. Dahle (Democratic), Vernetta Alston (Democratic), Robert T. Reives, II (Democratic), Charles Smith (Democratic), and Julie von Haefen (Democratic).
What is the current status of HB 603?
This bill is in committee in the House. Introduced March 31, 2025. It must pass committee before a floor vote.
Where can I track HB 603?
Track HB 603 free on One Click Politics — get push/email alerts when it moves.

Make your voice heard on HB 603

Find the representatives who decide this bill and tell them where you stand — for yourself, or mobilize your whole list in one click with One Click Politics advocacy software.

Find my representatives → Run a campaign

Stay ahead of HB 603

Last checked for changes 3 months ago · updated continuously

One Click Politics tracks every bill in Congress and all 50 states.

Track this bill →