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Committee boosts coal-trust financing for affordable housing, adds $50 million to loan pool
Summary
The committee approved a measure adding $50 million to the coal‑trust multifamily loan program to finance affordable rental housing; advocates said the program leverages private dollars and repays the trust with interest.
The House Taxation Committee voted to expand a loan program that uses earnings from the permanent coal tax trust to finance affordable, multifamily housing.
Representative Mark Thain, sponsor of House Bill 878, said the program’s loans are repaid with interest to the trust and have already supported projects across the state. “The program was created in 2019... The program has…
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