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SB 1070 North Carolina Senate · 2025-2026 Session

Restore the American Dream.

This bill aims to expand affordable housing in North Carolina by providing both immediate funding and a new revenue stream for the state's Housing Trust Fund. It allocates $30 million in one-time funds for the 2026-2027 fiscal year and establishes a permanent fee on real estate transfer documents, directing a portion of those proceeds to the fund. The legislation directly affects North Carolina residents by increasing resources available to create and preserve safe, affordable housing options, while also impacting real estate transactions through a new tax mechanism. By addressing a significant shortage of affordable units, the bill seeks to support families and stabilize the local economy through improved housing access.
Issues: ✓ Budget & TaxesSupports Budget & TaxesBill allocates $30M and creates a new revenue stream to fund affordable housing, directly advancing state budget and taxation for public benefit.95% confidence ✓ HousingSupports HousingBill allocates $30M and creates a permanent fee to fund the Housing Trust Fund, directly expanding affordable housing resources.95% confidence
Bill status died 1 of 4 stages cleared
Introduction
Apr 2026
Committee Review
Floor Vote
Governor
Introduced Apr 30, 2026 Last action May 5, 2026
Maddy AI version diff · 1 comparison

What changed between versions

Filed → Edition 1 · 2 edits
MINOR
The bill text has been updated from a 'Filed' draft to the official 'First Edition' for the 2025 session. The changes are primarily technical, involving the replacement of internal tracking codes with the official bill number and the addition of a specific referral date to the Senate Rules and Operations committee. There are no substantive changes to the bill's policy, scope, funding, or legal requirements.
TECHNICAL

Internal tracking identifiers (e.g., DRS45534-MQa-121) were replaced with the official bill identifier (S1070-v-1) and the standard header format.

TIMELINE

A specific referral date of May 4, 2026, was added to the Rules and Operations of the Senate committee assignment.

Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
5
Key actions
0
Committee
2
May 5, 2026
Committee
Re-ref Com On Appropriations/Base Budget
upper
May 4, 2026
Committee
Ref To Com On Rules and Operations of the Senate
upper
Apr 30, 2026
Introduced
Filed
upper
0 primary · 2 co-sponsors

Sponsors

No sponsor information available.