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HB 1786 (2026)

New assessment on luxury second homes, expanded funding for housing

This bill is still active.

Last updated 2026-01-30 2:32 pm
Summary:

Makes various changes to state taxes and funding to support new affordable housing. For example, the bill introduces a new assessment on residential properties valued over $1 million that are not used as a primary residence (such as vacation homes) for at least 183 days per year. The bill then expands the Community Development Finance Authority's investment tax credit program, exclusively for housing and housing-related infrastructure projects. The bill sends funding to various other housing-related initiatives, from trades training to the demolition of vacant buildings. The bill also establishes a commission to study how to leverage the state's borrowing power to provide below-market financing for housing and infrastructure.

Bill Sponsor:
Chris Muns
Democratic party logo
Status:
HOUSE
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