A BILL TO BE ENTITLED
AN ACT authorizing the legislative research commission to study the housing equity gap in this state.
Whereas, owning one's home is a fundamental part of the American dream; and
Whereas, owning a home that appreciates in value is the principal way that most American families accumulate wealth; and Whereas, the location of a home in a neighborhood of permanent, rather than temporary, structures also increases the home's value; and
Whereas, many families in this State are unable to afford a home, and therefore must live in rental properties and mobile homes or stay with family members or friends; and 
Whereas, it would be beneficial for the State to develop policies to assist families in buying their own homes; Now, therefore,
The General Assembly of North Carolina enacts:
SECTION 1.  The Legislative Research Commission may study the housing equity gap in North Carolina.  The study may include the following:
(1)	Reasons for the housing equity gap.
(2)	Ways in which other states have been successful in closing the gap.
(3)	Ways to raise the percentage of people who own their homes in this State.
(4)	Ways to increase the availability of affording housing in quality neighborhoods.
(5)	Input from persons directly affected by the gap.
SECTION 2.  The Legislative Research Commission may make its findings and recommendations in a final report to the 2004 Regular Session of the 2003 General Assembly.
SECTION 3.  This act is effective when it becomes law.