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Senate amendment inserts VHFA rental revolving loan language; first‑generation homeownership tax credits removed from final budget
Summary
Committee staff reviewed an insertion to S.127 that adds a VHFA rental revolving loan fund provision and updated members on the status of first‑generation homeownership tax credits.
Committee staff reviewed an insertion to S.127 that adds a VHFA rental revolving loan fund provision and updated members on the status of first‑generation homeownership tax‑credit language.
Cameron Wood said senators added a VHFA section that mirrors a 2023 revolving loan fund program to provide subsidized loans for rental housing development that serves middle‑income households. The inserted language includes detailed loan criteria: loan caps…
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