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Bill would expand HIB eligibility to support adaptive reuse of vacant school buildings for affordable housing
5108510 · March 25, 2025
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Summary
Representative Lee sponsored House File 1340 to allow housing infrastructure bonds to be used for adaptive reuse or building conversions, creating a financing pathway for nonprofit developers to compete for surplus school properties.
Representative Lee presented House File 1340 on March 25 seeking to expand the eligible uses of housing infrastructure bonds (HIDs/HIBs) to include adaptive reuse and conversion of vacant buildings, such as surplus school properties, into affordable housing.
Tom Parent of…
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