HB2964: Relating to affordable housing; declaring an emergency.
Legislative Summary
This Act makes OHCS provide loans for costs of low cost housing predevelopment. (Flesch Readability Score: 69.9). [Digest: This Act creates a temporary program for OHCS to award grants and loans for housing prep. (Flesch Readability Score: 74.2).] Requires the Housing and Community Services Department to award [grants] loans for the predevelopment costs of affordable housing [and a grant to assist nonprofits receiving grants or loans under this Act. Sunsets January 2, 2028]. Requires the department to adopt initial rules by June 1, 2026, and to combine other existing predevelopment loan programs. [Establishes the Affordable Housing Predevelopment Loan Fund. Continuously appropriates moneys in the fund to the department to award loans for predevelopment costs of affordable housing.] [Appropriates moneys from the General Fund to the department for grants and loans.] Declares an emergency, effective on passage.
Demographic Impact
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Bill History
Amendments
House Committee On Housing and Homelessness Amendment #-5
House Committee On Housing and Homelessness (2025-04-07)
House Committee On Housing and Homelessness Amendment #-3
House Committee On Housing and Homelessness (2025-03-19)
Roll Call Votes
Status Information
Sponsors
Primary Sponsor
