By Meghan Hall, The Registry

May 31, 2019

Discussions regarding affordable housing have been occurring since the 1960s and 70s, as communities have grappled with the state’s rapid growth. However, those conversations have changed little when it comes to the various types of affordable housing that developers and non-profits are working to bring to the table. Historically, legislation and funding has been geared toward limited-term rental product as opposed to permanent or for-purchase affordable housing, leaving little room for developers to pursue projects supporting various types of affordability. However, SB-196, a bill introduced by Senator Jim Beall and co-authored by Senators Mike McGuire and Bob Wieckowski could help to change that.

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