Revise Low- and Moderate-income Housing Trust Fund law

SB 340 amends the law governing Ohio's Low- and Moderate-income Housing Trust Fund to allow the Director of Development to pledge up to $10 million in unclaimed funds from the Minority Business Bonding Program for the biennium ending in June 2025. This action is contingent upon a recommendation from the Minority Development Financing Advisory Board and is intended to address potential losses within the bonding program. The bill also establishes specific funding allocations for various state initiatives, including workforce development, infrastructure projects, and community revitalization efforts across different regions of Ohio.