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Committee reviews BHIP changes, agrees to 30% minimum set‑aside for five‑year assistance
Summary
The House General and Housing Committee reviewed draft changes to the state's BHIP program, discussed preserving five‑year forgivable loans for certain households and a proposed minimum annual set‑aside of 30% for five‑year grants or forgivable loans, and asked staff to clarify rollover and implementation details.
The House General and Housing Committee on Feb. 28 reviewed proposed statutory changes to the state’s Building Homes and Incentives Program (BHIP), focusing on preserving five‑year forgivable loans and establishing a recurring minimum allocation. Cameron Wood, Office of Legislative Council, told the committee the draft was being worked from "draft 6.1, dated 02/28/25 at 12:30PM" and cautioned that "this version has still not been edited."
Committee members discussed compromise language presented to them by administration representatives, including John Gilpin, to avoid concentrating all assistance into the 10‑year forgivable loan option and to protect assistance…
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