Chair defers SB 27 87 amid concerns about using a revolving fund for grants
The committee deferred SB 27 87 after witnesses raised legal and policy concerns that allowing grants from the Rental Housing Revolving Fund would conflict with the fund's revolving purpose and chapter 37 restrictions; the chair asked for clarifying language and standards for grant issuance.
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Senate Bill 27 87, which would authorize the rental housing revolving fund to provide loans or grants to eligible individuals to purchase rental units, was discussed extensively and deferred by the committee.
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