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(Draft No. 2.3 H.612) 5/6/2024 MRC 12:28 PM1 2Page 1 of 11TO THE HONORABLE SENATE: The Committee on Economic Development, Housing and General Affairs to3which was referred House Bill No. 612 entitled
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Economic development housing refers to initiatives and policies aimed at providing affordable housing options to encourage economic growth and stability in communities.
Entities or individuals involved in the construction, development, or management of housing projects that receive economic development funds or incentives are typically required to file economic development housing reports.
To fill out economic development housing forms, one must gather necessary documentation related to the housing project, complete the required sections accurately, and submit it to the appropriate government agency.
The purpose of economic development housing is to stimulate the economy by ensuring an adequate supply of affordable housing, ultimately enhancing community development and overall quality of life.
Information such as project details, funding sources, demographics of residents, occupancy rates, and compliance with housing regulations must be reported.
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