Relating to: a revolving loan program to provide gap funding for workforce housing programs and granting bonding authority. (FE)

Summary

The bill establishes a new revolving loan program that gives developers extra funding to finish workforce housing projects. It lets the state issue bonds—up to $50 million for the fund and larger limits for veterans and rehab housing—without the usual statutory caps. The goal is to close financing gaps and increase affordable homes for workers.

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