2017 Regular Session
|At the request of:|
|Bill Title:||Relating to affordable rental housing assistance.|
Directs Housing and Community Services Department to develop and implement Retaining Affordable Rental Housing Program to provide financial assistance to owners of multifamily rental housing to rehabilitate and maintain housing at affordable rental rates.
Directs department to make forgivable loans to landowners of eligible multifamily rental housing, not to exceed $10,000, to be used for specified improvements. Authorizes department to forgive 10 percent of loan for each year landowner rents units for affordable rental rate. Specifies eligibility requirements. Establishes Retaining Affordable Rental Housing Program Fund and continuously appropriates moneys to department for purposes of program.
|Fiscal Impact:||Fiscal Impact Issued|
|Revenue Impact:||Has Minimal Revenue Impact|
|Measure Analysis:||Staff Measure Summary / Impact Statements|
|Current Location:||In House Committee|
|Current Committee:||Joint Committee On Ways and Means|
|Potential Conflicts of Interest/Vote Explanations:||Potential Conflicts of Interest/Vote Explanation Documents|