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Committee hears $2 million plan to rehab tax‑forfeited homes; bill laid over for possible inclusion
Summary
Lawmakers heard testimony on House File 297, which would appropriate $2 million as a revolving fund for Arrowhead Economic Opportunity Agency to acquire, rehabilitate and resell tax‑forfeited single‑family homes to eligible buyers; the committee laid the bill over for possible inclusion.
Committee members heard House File 297, a bill to provide a $2 million one‑time appropriation to create a revolving fund administered by Arrowhead Economic Opportunity Agency (AEOA) to acquire tax‑forfeited homes, rehabilitate them, and resell them to eligible first‑time homebuyers and workforce households.
Scott Zorick, executive director of AEOA, described how the agency and local partners would use a revolving pool to buy tax‑forfeited properties, complete rehabilitation, and sell homes by conventional mortgage; sale proceeds would replenish the pool for future…
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