Hearing Conducted S Economic and Workforce Development Committee
Summary
The bill lets approved nonprofit development groups apply for competitive grants to set up workforce housing investment funds that support new construction, major repairs, or upper‑story housing in towns with fewer than 50,000 people. Grants are capped at $1 million per organization over two years, require a one‑to‑one match of private money, and are awarded based on demonstrated housing need and the ability to finish projects within 24 months. The program would be run by the Department of Economic Development and financed from a dedicated state treasury fund.
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