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SB 998 North Carolina Senate · 2025-2026 Session

Housing Acceleration Fund.

This bill directs the State Education Assistance Authority to transfer $50 million in unused funds to support affordable housing initiatives in North Carolina. Specifically, $10 million will be given to the Housing Finance Agency to help developers secure low-cost financing for new housing units, while $40 million will go to the Department of Health and Human Services to fund transitional housing programs. The legislation also allows each agency to use up to 3% of their allocated funds for administrative costs. These financial resources are intended to become available for use starting July 1, 2026.
Issues: ✓ Budget & TaxesSupports Budget & TaxesBill allocates $50M from unused funds to expand affordable and transitional housing programs.90% confidence ✓ HousingSupports HousingBill allocates $50M to fund affordable housing initiatives and transitional programs, directly advancing the topic.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 was reformatted to remove internal tracking codes and update the filing date to May 4, 2026. No substantive policy changes regarding funding, eligibility, or requirements were made.
TECHNICAL

Removed internal document tracking numbers (DRS45538-NSa-8) and the 'Filed' header.

Added a new version identifier (S998-v-1) and updated the referral date to May 4, 2026.

Floor votes

How they voted

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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.