SB 71: RENTAL HOUSING REVOLVING FUND; MIXED-INCOME SUBACCOUNT; WORKFORCE RENTAL HOUSING; DIRECTOR OF FINANCE; APPROPRIATION

Session Year: 2025-2026
House: Senate
Latest Version Date: 2025-03-17

Current Status:

In Progress

(2025-12-08: Carried over to 2026 Regular Session.)

Introduced

In Committee

First Chamber

In Committee

Second Chamber

Final Decking

Enacted

Version:

Establishes the Mixed-Income Subaccount within the Rental Housing Revolving Fund that targets workforce rental housing projects for persons and families with incomes at or below one hundred forty per cent of the area median income. Authorizes the Director of Finance to transfer funds from the Rental Housing Revolving Fund into the Mixed-Income Subaccount. Appropriates funds into and out of the Mixed-Income Subaccount of the Rental Housing Revolving Fund. Effective 7/1/3000. (HD1)

Discussed in Hearing