Inclusionary Zoning/Workforce Housing Funds.

SB 134 allows North Carolina local governments to require new residential developments to include affordable housing units through inclusionary zoning policies. It directly affects local zoning authorities, developers building new housing, and low-to-moderate income residents who would benefit from increased affordable housing options. The bill also appropriates $10 million in recurring funds to the North Carolina Housing Finance Agency for its Workforce Housing Loan Program starting in 2025. These provisions aim to supplement affordable housing availability by giving local governments tools to mandate inclusionary requirements and providing dedicated funding for housing loans. The bill takes effect on July 1, 2025.