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2017 Regular Session
Overview
At the request of:
Chief Sponsors:
Regular Sponsors:
Bill Title: Relating to affordable rental housing assistance.
Catchline/Summary: 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.
Chapter Number:
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
Current Subcommittee:
Subsequent Referral(s):
Potential Conflicts of Interest/Vote Explanations: Potential Conflicts of Interest/Vote Explanation Documents
Measure History
Scheduled Events