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May 10 Jones Street Update

With the crossover deadline passed, we are now taking a look at which bills will remain eligible for consideration the remainder of the legislative biennium. We have also conducted some additional analysis of the House’s budget proposal as the Senate begins work on theirs in the coming weeks.

House Budget

In addition to the provisions discussed in last week’s Update, House Bill 966 includes the following provisions of interest to NC REALTORS®.

The General Assembly appropriated $30,660,000 for FY 2019-2020 and $10,660,000 for FY 2020-2021 to the North Carolina Housing Finance Agency for the state’s Workforce Housing Loan Program.

The Economic Development Partnership of North Carolina (EDPNC) received an appropriation of $18,835,966 for each of the two fiscal years of the biennium.

In the area of economic development, programs like the One NC Fund and Job Development and Infrastructure Grant (JDIG) programs received appropriations of $97,339,734 in FY 2019-2020 and $132,339,734 in FY 2020-2021.

The grant funding previously in place to support the state’s Film Grant program was removed due to the unexpended balance of the grant program’s trust fund. There was also no money appropriated to support beach nourishment activities.

All of these amounts are subject to change as the Senate moves forward in their budget process, as well as the eventual conference committee process.

Bills of Interest

The following NC REALTORS® Legislative Priorities received votes this week in the House and Senate.

House Bill 620 “Street Database/Manual/Public Record Except.” was approved this week by a unanimous vote in the House. This bill addresses the significant issue we continue to see across the state with a lack of knowledge regarding the maintenance responsibilities of subdivision streets and the impact on homeowners in these areas. The bill now moves on to the Senate.

House Bill 796 “Emotional Support Animals – Rental Units.” was also approved by a strong margin the House on Tuesday. This legislation would establish guidelines for persons who claim a need for an emotional support animal. NC REALTORS® has been working with the NC Apartments Association on this legislation. This bill now moves to the Senate.

Senate Bill 483 and House Bill 922 “Vacation Rental Act Changes” both passed unanimously out of their respective chambers this week. Each of these bills make changes to the vacation rental act to ensure that those properties receive equitable treatment with other rentals by local governments. It is likely that one of these bills may be used as a vehicle for potential short-term rental legislation.

Be Epic. Be an NC REALTOR®.