SB 572: HOUSING; AFFORDABLE HOMEOWNERSHIP REVOLVING FUND; NONPROFIT COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS

Session Year: 2025-2026
House: Senate
Latest Version Date: 2025-04-25

Current Status:

In Progress

(2025-05-02: Enrolled to Governor.)

Introduced

In Committee

First Chamber

In Committee

Second Chamber

Final Decking

Enacted

Version:

Adds loan funds administered by certified Nonprofit Community Development Financial Institutions (CDFIs) for certain for-sale affordable housing projects to the list of loan priorities for the Affordable Homeownership Revolving Fund. Expands the use of moneys in the revolving fund to allow financing as matching funds for CDFIs to mobilize other funding sources. (CD1)

Discussed in Hearing