House Bill 404 Alabama 2026 Session

Summary

Primary Sponsor

Neil RaffertyRepresentative

Democrat

Session

2026 Regular Session

Title

Class 1 municipalities; authorization to establish community land trusts, affordable housing

Description

This bill would authorize a Class 1 municipality to create nonprofit community land trusts to provide affordable housing to low-income and moderate-income families through long-term ground leases between the community land trusts and qualifying lessees.

This bill would require a community land trust to be membership-based with open meetings and a board of directors appointed by the mayor and confirmed by the city council. This bill would authorize a community land trust to acquire and lease real property, make improvements to residential real property, and enter into 99-year ground leases with qualified low-income and moderate-income lessees.

This bill would also establish an option for the community land trust and the municipality to purchase certain properties or improvements to the real properties, to allow property tax exemptions for certain property owned by the trust, and to establish qualifications for potential lessees.

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Subjects

Counties & Municipalities