Committee reviews BHIP changes, agrees to 30% minimum set‑aside for five‑year assistance
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.
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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."
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