Adds loan funds administered by Nonprofit Community Development Financial Institutions (CDFIs) for certain for-sale affordable housing projects to list of loan priorities for the Affordable Homeownership Revolving Fund. Expands use of funds in the revolving fund to allow financing as matching funds for CDFIs to mobilize other funding sources. Effective 7/1/3000.
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More on this bill
Where it stands
Introduced
2Passed House
3Passed Senate
4To Governor
5Became Law
Looking ahead
No hearings or votes scheduled.
History
2025
Feb 12Reported from HSG (Stand. Com. Rep. No. 488) as amended in HD 1, recommending passage on Second Reading and referral to FIN.Latest
Feb 12Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Sayama, Ward excused (3).Minor
Feb 7The committee on HSG recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 7 Ayes: Representative(s) Evslin, Miyake, Grandinetti, Kitagawa, La Chica, Muraoka, Pierick; Ayes with reservations: none; Noes: none; and 2 Excused: Representative(s) Cochran, Kila.Minor
Vote recorded The committee on HSG recommend that the measure be PASSED, WITH AMENDMENTS. Result: pass.Lower
Feb 4Bill scheduled to be heard by HSG on Friday, 02-07-25 9:00AM in House conference room 430 VIA VIDEOCONFERENCE.
Jan 27Referred to HSG, FIN, referral sheet 4Minor
Jan 23Introduced and Pass First Reading.Introduced