relative to a loan forgiveness program for low-income homeowners to build new accessory dwelling units or renovate existing structures into accessory dwelling units.

HB 604 would create a loan forgiveness program for low-income homeowners who build new accessory dwelling units (ADUs) or convert existing structures (like garages) into ADUs. It directly affects qualifying low-income homeowners in the state by covering the cost of their loans for these projects, reducing financial barriers. The key mechanism is that approved homeowners would not need to repay the loan after completing the ADU construction or renovation. This policy aims to increase housing options through secondary units without requiring repayment from eligible residents.