RELATING TO HOUSING.
What changed between versions
Added language emphasizing workforce housing, environmental benefits, and cultural preservation to clarify the program's public purpose.
Restructured eligibility to prioritize current owner-occupants or tenants working at qualified businesses, replacing broad categories like 'retired' with specific conditions like involuntary unemployment or disability.
Introduced new remedies allowing the corporation to sue homeowners for violations and claim 50% of the property's appreciation upon sale to non-compliant owners.
Refined the definition of 'qualified business' to remove 'foundation' from the list of eligible entities and clarified profit operation requirements.
Corrected grammatical errors in bond provisions and updated references to ensure consistency with county-owned deed restrictions.