Relating to: a workforce home loan program. (FE)

SB 476 modifies a state workforce home loan program to set maximum home purchase prices by county, based on annual data from the federal Department of Housing and Urban Development. It prohibits fees on these loans and requires qualified organizations (like approved lenders) to verify applicant eligibility using state-provided forms. The bill directly affects low-to-moderate income homebuyers seeking affordable mortgages through this program. Key changes include adding county-specific price limits to underwriting guidelines and requiring the state authority to distribute loan funds electronically. The bill is pending final passage after committee approval.