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DNRC-backed bill would let department partner with developers to turn trust land near towns into housing
Summary
House Bill 379 would merge commercial leasing and land-banking tools to enable joint ventures that develop trust land into residential lots; DNRC and housing advocates said the change could unlock infill housing, while committee members asked about auction rules and whether proceeds remain dedicated to school trusts.
Representative Larry Brewster presented House Bill 379 for the Department of Natural Resources and Conservation (DNRC). The bill would allow DNRC to use a commercial joint-venture approach: leasing trust land to developers who would install infrastructure and subdivide property, then selling resulting residential lots through the land-banking process so the state and developer could share risk and reward.
Diedra (Deidra) Kloberdans, DNRC real estate bureau chief, described existing authorities: a commercial leasing program (created in 2003) that can support multifamily housing, and a land-banking program that sells parcels and reinvests proceeds to buy replacement land for beneficiaries (with a 250,000-acre statutory cap on total sales). DNRC said the change would primarily…
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