2017 Regular Session
|At the request of:|
|Chief Sponsors:||Representative Meek|
|Regular Sponsors:||Representative Heard, Hernandez, Kennemer, Keny-Guyer|
|Bill Title:||Relating to providing financial assistance to first-time home buyers from low income households; declaring an emergency.|
|Catchline/Summary:||Directs Housing and Community Services Department to provide funds to assist first-time home buyers from low income households through programs administered by department and grants to eligible nonprofit organizations, housing authorities and local governments.
Establishes Homeownership Down Payment Assistance Program within Housing and Community Services Department to provide grants to eligible nonprofit organizations, housing authorities and local governments to provide financial assistance to first-time home buyers in low income households. Delineates program requirements.] Specifies grant requirements. Establishes Homeownership] Home Ownership Down Payment Assistance Program] Fund and continuously appropriates moneys in fund to department. Appropriates moneys to department to make grants to eligible nonprofit organizations, housing authorities and local government to participate in program] governments. Makes program and fund] Becomes operative January 1, 2018. Declares emergency, effective July 1, 2017.
|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:||House Committee On Revenue|