Environmental & Healthcare Legislative Watch50 States · D.C. · U.S. Congress
From official state and federal legislative records. Informational only, not legal advice.
Now law
This is now an official law, recorded in the state's law books.
The governor signed it. Nothing left to watch.
In plain words
AI summaryWritten by AI from the bill text. Check the official text before relying on it.
<b>Digest: This Act makes OHCS provide loans for costs of low cost housing predevelopment. (Flesch Readability Score: 69.9).</b> [<i>Digest: This Act creates a temporary program for OHCS to award grants and loans for housing prep. (Flesch Readability Score: 74.2).</i>] Requires the Housing and Community Services Department to award [<i>grants</i>]<b> loans</b> for the predevelopment costs of affordable housing [<i>and a grant to assist nonprofits receiving grants or loans under this Act. Sunsets January 2, 2028</i>].<b> Requires the department to adopt initial rules by June 1, 2026, and to combine other existing predevelopment loan programs.</b> [<i>Establishes the Affordable Housing Predevelopment Loan Fund. Continuously appropriates moneys in the fund to the department to award loans for predevelopment costs of affordable housing.</i>] [<i>Appropriates moneys from the General Fund to the department for grants and loans.</i>] Declares an emergency, effective on passage.
