Delaware House Bill HB185

Delaware 2025-2026 Regular Session

• Introduced: 5/15/25
• Refer: 5/15/25

Caption

An Act To Amend Title 29 Of The Delaware Code Relating To The Site Readiness Fund.

Impact

The amendment to the Site Readiness Fund is significant as it links affordable housing directly with economic development, widening the scope of acceptable projects eligible for state funding. This shift could lead to an increase in the construction of affordable housing units, thereby potentially improving living conditions for families with incomes at or below the median state income. Additionally, it creates an incentive for developers to undertake affordable projects that meet the economic development requirement.

Summary

House Bill 185 amends Title 29 of the Delaware Code to enable applicants for affordable housing projects to apply for Site Readiness Funds. Under this new provision, applicants will be considered for funding if they can demonstrate that their affordable housing initiatives will contribute to economic development in the state. This act is positioned within the broader context of addressing the critical need for affordable housing while promoting economic growth in Delaware.

Sentiment

Overall, the sentiment around HB 185 seems positive among supporters who view this as a proactive measure to address housing shortages while simultaneously stimulating the local economy. However, there may also be concerns regarding the adequacy of the measures to ensure that the affordable housing truly meets the needs of the community. Discussions may surface regarding the capacity of the Site Readiness Fund to effectively support such initiatives without compromising on other essential services.

Contention

Notable points of contention may arise around the criteria for what constitutes 'economic development' and how it will be assessed. Stakeholders could debate whether the focus on economic ties may lead to prioritizing certain projects over others that might not demonstrate direct economic benefits but are nonetheless vital for community welfare. This tension between economic incentives and genuine needs of the population could become a focal point for future discussions surrounding the implementation of the bill.