RELATING TO THE RENTAL HOUSING REVOLVING FUND.

SB 2787 authorizes the Rental Housing Revolving Fund to provide loans or grants to eligible individuals for purchasing rental housing units. This directly affects prospective landlords or property owners seeking to enter the rental market. The bill enables the fund - which typically recycles repaid loans - to finance these purchases, expanding its use beyond its current scope. This policy change aims to increase the supply of rental housing by supporting new property acquisitions through low-barrier financing. The bill is currently under review by the Housing committee.