AN ACT ESTABLISHING A TAX CREDIT AND AWARDING HOUSING UNIT-EQUIVALENT POINTS FOR THE CONVERSION OF COMMERCIAL AND INDUSTRIAL PROPERTIES FOR RESIDENTIAL USE.
Sponsored By: Paul Cicarella (Republican)
Failed
Summary
To provide certain tax credits for the conversion of commercial or industrial buildings into residential or mixed-use developments, require that ten per cent of such units be affordable housing and award a municipality one-quarter housing unit-equivalent point for each unrestricted dwelling unit created by such conversion.
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & Cosponsors
Sponsor
Paul Cicarella
Republican • Senate
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
Actions Timeline
Referred to Joint Committee on Housing
1/17/2025legislature
Bill Text
Proposed Bill
1/17/2025
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