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Primary Sponsor

Last Action

Re-ref Com On Appropriations/Base Budget2025-03-26

Vote Breakdown

No floor votes recorded.

Plain Language Summary

This bill creates two programs to support public servants in North Carolina. Part I establishes a homebuyers' assistance program through the NC Housing Finance Agency that provides up to $25,000 in down payment and mortgage insurance assistance to first-time homebuyers who work full-time as teachers, law enforcement officers, firefighters, emergency medical services personnel, active duty military members, or veterans. Part II creates an income tax credit of up to $5,000 for unpaid volunteer firefighters and rescue squad workers to cover unreimbursed work-related expenses.

Arguments in Favor

• •Supporters argue this bill addresses the affordable housing crisis by helping public servants—who are often underpaid—afford homes in their communities.
• •They contend that removing financial barriers to homeownership helps retain teachers, police officers, firefighters, and other essential workers in North Carolina.
• •Additionally, the tax credit for volunteer rescue workers recognizes their sacrifice and reduces out-of-pocket costs for individuals who provide critical emergency services without pay.

Arguments Against

• •Opponents may argue that the $200 million appropriation for down payment assistance is a significant state expense that could be allocated elsewhere or that the program may not effectively reach those most in need.
• •Some may question whether down payment assistance is the most efficient way to address housing affordability compared to other approaches.
• •Additionally, critics might note that the volunteer worker tax credit has a narrow applicability and could set a precedent for other professions to request similar credits.