AN ACT ESTABLISHING A REVOLVING LOAN FUND TO CREATE AFFORDABLE HOUSING DEVELOPMENTS.
HB 6349 establishes a revolving loan fund to finance the construction of mixed-income affordable housing developments owned by municipal housing authorities. The fund provides loans for new housing projects, with repayments replenishing the fund for future use. This directly affects local housing authorities and future residents of these developments by creating more affordable housing options. The bill focuses on creating new housing through a sustainable financial mechanism rather than altering existing housing policies.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 23, 2025
Last action Jan 23, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
1
Key actions
0
Committee
1
Jan 23, 2025
Committee
REF. TO JOINT COMM. ON Housing
lower
0 primary · 0 co-sponsors
Sponsors
No sponsor information available.
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