establishing the housing champion business loan program and making appropriations to the department of business and economic affairs and the business finance authority.

SB 279 establishes a new loan program to provide financing for businesses focused on building or rehabilitating housing. It allocates state funds to the Department of Business and Economic Affairs and the Business Finance Authority to administer these loans. The program directly supports small housing developers, contractors, and housing-focused nonprofits by offering them access to capital for housing projects. This policy change shifts state funding toward housing development through a dedicated loan mechanism, without specifying loan terms or interest rates.