""For too many North Carolinians, the basic necessities have become too hard to afford," said Rep. Vernetta Alston, emphasizing the urgency of addressing housing affordability."
"North Carolina's housing reform measure faces long odds in a Republican-controlled General Assembly, with leaders referring it to the House Appropriations Committee, which has shown no intention of taking it up."
"The measure lists 29 Democratic sponsors and no Republican co-sponsors, indicating a significant partisan divide on housing reform efforts in the state."
"Despite attracting business relocations and population growth, North Carolina struggles with a housing supply that cannot keep pace with demand, exacerbating affordability issues."
House Bill 1056, titled Relieving Housing Bottlenecks, aims to address housing affordability in North Carolina. The bill seeks to ban corporate ownership of large single-family home portfolios, eliminate minimum parking requirements, and allow residential construction in commercially-zoned areas. Despite previous legislative defeats, lawmakers are motivated to tackle the housing crisis. The bill has 29 Democratic sponsors but no Republican support, facing challenges in a Republican-controlled General Assembly. Previous attempts at housing reform have yielded minimal changes, highlighting the ongoing struggle for significant legislative action.
Read at www.housingwire.com
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