Indicates Matter Stricken

Indicates New Matter

 

Committee Report

February 28, 2024

 

H. 4552

 

Introduced by Reps. Pendarvis, Clyburn, Henegan, M. M. Smith, B. L. Cox, Robbins, Brewer and King

 

S. Printed 02/28/24--H.                                                                           [SEC 3/1/2024 3:32 PM]

Read the first time January 09, 2024

 

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The committee on House Medical, Military, Public and Municipal Affairs

To whom was referred a Bill (H. 4552) to amend the South Carolina Code of Laws by amending Section 31-12-30, relating to redevelopment of federal military installations definitions, so as to provide, etc., respectfully

Report:

That they have duly and carefully considered the same, and recommend that the same do pass with amendment:

 

    Amend the bill, as and if amended, SECTION 1, by striking Section 31-12-30(6) and inserting:

    (6) "Redevelopment project" means buildings, improvements, including street improvements, water, sewer and storm drainage facilities, parking facilities, and recreational facilities. A project or undertaking authorized under Section 6-21-50 also may qualify as a redevelopment project under this chapter. All such projects may be owned by the authority, the municipality, the county, or other appropriate public body. This term includes portions of the redevelopment project located outside the redevelopment project area so long as they provide needed infrastructure support for the redevelopment project area or the municipality makes specific findings of benefit to the redevelopment project area. A redevelopment project for purposes of this chapter also includes affordable housing projects where all or a part of new property tax revenues generated in the tax increment financing district is used to provide or support publicly and privately owned affordable housing in the district or is used to provide infrastructure projects to support publicly and privately owned affordable housing in the district. The term "affordable housing" as used herein means residential housing for rent or sale that is appropriately priced for rent or sale to a person or family whose income does not exceed eighty percent of the median income for the local area, with adjustments for household size, according to the latest figures available from the United States Department of Housing and Urban Development (HUD).

Amend the bill further, by adding an appropriately numbered SECTION to read:

SECTION X. Section 31-12-210(F) of the S.C. Code is amended to read:

    (F) The obligations must be issued not later than fifteen thirty-five years after the adoption of an ordinance by the municipality pursuant to Section 31-12-280 concurring in an authority's redevelopment plan.

 

Renumber sections to conform.

Amend title to conform.

 

S.H. DAVIS for Committee.

 

 

statement of estimated fiscal impact

Explanation of Fiscal Impact

State Expenditure

This bill expands the projects that can be undertaken in the redevelopment of a federal military installation to specifically include affordable housing projects. Currently, there are three RDAs established pursuant to Chapter 12 of Title 31: the Charleston Naval Complex Redevelopment Authority, the Myrtle Beach Air Force Base Redevelopment Authority, and the Savannah River Site Redevelopment Authority. Redevelopment projects currently include buildings, improvements, parking facilities, and recreational facilities. It also includes portions of the project located outside the project area so long as they provide infrastructure support for the area. RDAs establish redevelopment plans to outline the projects that will be undertaken.

 

The bill expressly states that a redevelopment project can include affordable housing where all or part of the property tax revenues generated in the tax increment financing district are used to provide publicly and privately owned affordable housing in the district or for infrastructure projects that support affordable housing. Affordable housing is defined as residential housing for rent or sale that is appropriately priced for a person or family whose income does not exceed 80 percent of the median income for the local area according to figures released by the U.S. Department of Housing and Urban Development (HUD).

 

Based on information provided by the Charleson RDA, the RDA was directed to provide property to the City of North Charleson through legislation. The development agreement includes a project to provide attainable housing. Attainable housing is defined as residential dwelling [units] for which the occupants have an aggregate household income equal to or less than 120 percent of the Area Median Income as published by HUD.

 

This bill would specifically allow RDAs to include affordable housing in a redevelopment project plan. RDAs receive the majority of funding from redevelopment fees and some lease revenue. Expressly permitting affordable housing as a redevelopment project may impact future development plans. However, this bill does not change total available funding and would not impact overall expenditures.

 

 

Frank A. Rainwater, Executive Director

Revenue and Fiscal Affairs Office

 

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A bill

 

TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 31-12-30, RELATING TO REDEVELOPMENT OF FEDERAL MILITARY INSTALLATIONS DEFINITIONS, SO AS TO PROVIDE THAT A REDEVELOPMENT PROJECT INCLUDES CERTAIN AFFORDABLE HOUSING PROJECTS.

 

Be it enacted by the General Assembly of the State of South Carolina:

 

SECTION 1.  Section 31-12-30(6) of the S.C. Code is amended to read:

 

    (6) "Redevelopment project" means buildings, improvements, including street improvements, water, sewer and storm drainage facilities, parking facilities, and recreational facilities. A project or undertaking authorized under Section 6-21-50 also may qualify as a redevelopment project under this chapter. All such projects may be owned by the authority, the municipality, the county, or other appropriate public body. This term includes portions of the redevelopment project located outside the redevelopment project area so long as they provide needed infrastructure support for the redevelopment project area. A redevelopment project for purposes of this chapter also includes affordable housing projects where all or a part of new property tax revenues generated in the tax increment financing district is used to provide or support publicly and privately owned affordable housing in the district or is used to provide infrastructure projects to support publicly and privately owned affordable housing in the district. The term "affordable housing" as used herein means residential housing for rent or sale that is appropriately priced for rent or sale to a person or family whose income does not exceed eighty percent of the median income for the local area, with adjustments for household size, according to the latest figures available from the United States Department of Housing and Urban Development (HUD).

 

SECTION 2.  This act takes effect upon approval by the Governor.

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