SB 103 — Revises provisions relating to development and maintenance of affordable housing. (BDR 22-379)

(ReprintedSenate withBill amendmentsNo. adopted on April 16, 2019) FIRST REPRINT S.B.

103103–Committee SENATEon BILLGovernment NOAffairs .CHAPTER..........

103–COMMITTEE ON GOVERNMENT AFFAIRS (ON B EHALF OF THE C OMMITTEE TO S TUDY ISSUES R EGARDING A FFORDABLE H OUSING ) PREFILED JANUARY 28, 2019 ____________ Referred to Committee on Government Affairs SUMMARY—Revises provisions relating to development and maintenance of affordable housing.

(BDR 22-379) FISCAL NOTE:

Effect on Local Government:

No.

Effect on the State:

No.

~ EXPLANATION – Matter in bolded italics is new;

matter between brackets [omitted material] is material to be omitted.

Existingadopt lawat requiresleast the6 governingof bodies12 ofspecified certainmeasures citiesin andimplementing countiesa toplan for maintaining and developing affordable housing.

One of these measures authorizes a governingggoverning body to subsidize in whole or in part impact fees and fees for the issuance of building permits.

(NRS 278.235) This bill authorizes a governing body to reduce or subsidize impact fees, fees for the issuance of building permits and fees imposed for the purpose for which an enterprise fund was created to assist in maintaining or developingrequirements aand project for affordable housing if the project meets certain governing body totakes reducecertain oractions. subsidize such fees to assist a project for affordable housing only if:

This bill authorizes a governing body to reduce or subsidize such fees to assist a project for affordable housing only if:

(3) the governing body makes a determination that reducingobligations; or subsidizing such fees will not impair any bond obligations or other effect of the reduction or subsidization on the economic viability of the the - *SB103_R1* – 2 – general fund of the city or county and, if applicable, the economic viability of any affected enterprise fund.

and (4) the governing body holds a public hearing concerning theer effect of the reduction or subsidization on the economic viability of the general fund of the city or county and, if applicable, the economic viability of any affected enterprise fund.

EXPLANATION – Matter in bolded italics is new;

matter between brackets [omitted material] is material to be omitted.

(a) [At the expense of the city or county, as applicable,] Reducing or subsidizing in whole or in part impact fees , [and] fees for- the80th issuanceSession of(2019) building– permits2 collected– pursuant to NRS 278.580 [.] and fees imposed for the purpose for which anano NRS enterprise fund was created.

(e) Requesting to purchase land owned by the Federal Government at a discounted price for the creation of affordable housing pursuant to the provisions of section 7(b) of the Southern Nevada Public Land Management Act of 1998, Public Law the Southern 105-263.

(h) Providing money, support or density bonuses for affordable housing developments that are financed, wholly or in part, with low- - *SB103_R1* – 3 – income housing tax credits, private activity bonds or money from a governmental entity for affordable housing, including, without limitation, money received pursuant to 12 U.S.C.

(i) Providing financial incentives or density bonuses to promote appropriateinclude transit-orientedan affordable housing developmentscomponent.elopments that would include(j) anOffering affordabledensity housingbonuses component.or other incentives to encourage the development of affordable housing.

(j) Offering density bonuses or other incentives to encourage the development of affordable housing.

(l) Providing money for supportive services necessary to enable persons with supportive housing needs to reside in affordable housing in accordance with a need for supportive housing identified in the 5-year consolidated plan adopted by the United States Department- of80th HousingSession and(2019) Urban– Development3 for– the city or county pursuant to 42 U.S.C.

(b) The governing body has adopted an ordinance that establishes the criteria that a project for affordable housing must satisfy to receive assistance in maintaining or developing the project for affordable housing.

(e) The governing body holds a public hearing concerning the effect of the reduction or subsidization of such fees on the -economic *SB103_R1*viability –of 4the –general fund of the city or county, as applicable, and, if applicable, the economic viability of any as affected enterprise fund.

3.shall submit to the Housing Division of the Department of Business and Industry a report, in the form prescribed by the Division, of how the measures adopted pursuant to subsection 1 assisted the city or county in maintaining and developing affordable housing to meet the needs of the community for the preceding year.

On or before January 15 of each year, the governing body shall submit to the Housing Division of the Department of Business and Industry a report, in the form prescribed by the Division, of how the measures adopted pursuant to subsection 1 assisted the city or county in maintaining and developing affordable housing to meet the needs of the community for the preceding year.

On or before February 15 of each year, the Housing Division shall compile the reports submitted pursuant to subsection - 80th Session (2019) – 4 – [2] 3 and post the compilation on the Internet website of the Housing Division.

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