Cities and counties could pay developers back for roads and utilities in some housing developments
What it does
HB 338 would let certain municipalities and counties reimburse a developer for infrastructure costs on an attainable housing development, which must cover at least seven acres and provide at least 50 single-family offsite residences. Infrastructure would include water, wastewater, electricity, and broadband facilities plus streets, roads, highways, and bridges. A developer would have to show that the city or county would have built the same infrastructure anyway, that at least 80 percent of the lots hold homes of 1,000 to 2,500 square feet, and that the development connects to a public water system and a sewer system. Reimbursement in a tax year could not exceed the property taxes the developer paid to that city or county that year, and it would stop once the developer is repaid in full or after 10 years.
What it means for your community
The bill covers specific counties and the cities inside them, including counties of 2.5 million or more but under 4 million people, border counties under 300,000 people that contain a city of 200,000 or more, and counties next to those large counties with 190,000 or more people. In covered areas, a city or county could pay a developer back for roads and utility lines it built for a qualifying development. A county's share would cover only property in the unincorporated part of the county. Developers would have to offer units to veterans, active duty military, first responders, and school district employees, and to follow federal rules that protect tenants in the lease.
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