HB 1724: HHFDC; DWELLING UNIT REVOLVING FUND EQUITY PROGRAM; COMPUTATION OF INTEREST; DWELLING UNIT REVOLVING FUND; AFFORDABLE HOMEOWNERSHIP REVOLVING FUND

Session Year: 2025-2026
House: House
Latest Version Date: 2026-03-25

Current Status:

In Progress

(2026-03-30: Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.)

Introduced

In Committee

First Chamber

In Committee

Second Chamber

Final Decking

Enacted

Version:

Makes the Dwelling Unit Revolving Fund Equity Pilot Program permanent, with modifications that include changing the method for computation of interest for purchasers of certain real property. Expands the use of proceeds in the Dwelling Unit Revolving Fund to include purchasing equity in for-sale housing development projects and interim primary or secondary financing. Exempts disbursements from the Affordable Homeownership Revolving Fund from appropriation and allotment requirements. Effective 7/1/2050. (SD1)

Discussed in Hearing