North Carolina legislation · 2025-2026 Session
North Carolina S1070: Restore the American Dream.
Status: Introduced, May 5, 2026
What the bill says
An act to expand workforce housing by providing current and ongoing funding for the housing trust fund.
From the introduced text:
A BILL TO BE ENTITLED AN ACT TO EXPAND WORKFORCE HOUSING BY PROVIDING CURRENT AND ONGOING FUNDING FOR THE HOUSING TRUST FUND. Whereas, the North Carolina Housing Trust Fund was created by the General Assembly in 1987 and is administered by the North Carolina Housing Finance Agency; and Whereas, the North Carolina Housing Trust Fund is North Carolina's most flexible resource for the State's growing and complex affordable housing needs. The Fund leverages private funding to create a variety of housing solutions, including home ownership, rentals, supportive housing, new construction, rehabilitation, and emergency repairs; and Whereas, housing is not only an integral part of a family's budget but is also integral to the economy of the State. Ensuring that all North Carolinians have access to safe, decent, and affordable housing is a sound financial investment in North Carolina's future; and Whereas, in 2005, bipartisan leadership filed Senate Bill 330 to fund the Housing Trust Fund at $50 million. Senate Bill 330 addressed the "shortage of decent, safe, and sanitary... housing available at affordable prices" and the importance of affordable housing to economic development "because businesses will not locate in communities where workers cannot live"; and Whereas, in Governor Pat McCrory's budget for the 2015-2017 fiscal biennium, former Budget Director Lee Harris Roberts wrote that "the NC Housing Finance Agency represents …
Sponsors
- Smith, Kandie D. (D, 5) · primary sponsor
- Batch, Sydney (D, 17)
Latest actions
- : Re-ref Com On Appropriations/Base Budget
- : Withdrawn From Com
- : Ref To Com On Rules and Operations of the Senate
- : Passed 1st Reading
- : Filed
Subjects: COUNCIL OF STATE, BUDGETING, DEEDS, TAXES, EXCISE, FUNDS & ACCOUNTS, PUBLIC, HOUSING TRUST FUND, HOUSING
Common questions
- What is S1070?
- S1070 is a bill in the North Carolina Legislature (2025-2026 Session): Restore the American Dream.
- What does S1070 do?
- In its own words: An act to expand workforce housing by providing current and ongoing funding for the housing trust fund.
- What is the status of S1070?
- Introduced as of May 5, 2026. Latest action: Re-ref Com On Appropriations/Base Budget (May 5, 2026).
- Who sponsored S1070?
- Smith, Kandie D. (D, 5), with 1 co-sponsor.
- Where is the official record for S1070?
- On the North Carolina Legislature website: https://www.ncleg.gov/BillLookUp/2025/S1070
Source: official North Carolina record. Tracked by Delilah, AI for legislation across all 50 states and Congress.