relative to providing loan guarantees for accessory dwelling unit financing.

Summary

The bill would require the state Housing Finance Authority to offer loan guarantees to lenders that finance accessory dwelling unit (ADU) projects, covering 80% to 100% of the loan based on the completed ADU’s appraised value. Guarantees would be capped at $100 million per year, and the Authority would receive $25,000 in FY2027 and $25,000 in FY2028 to cover administrative costs. The measure did not pass and is therefore not in effect.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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