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House advances housing bill that expands revolving loan program and allows private plan reviewers
Summary
House Bill 1005 extends and prioritizes the residential infrastructure assistance program and allows private providers to perform plan review and inspections on single-family and similar housing when requested. Sponsors said the program has funded projects for thousands of housing units; the bill passed the House unanimously on final passage.
House Bill 1005, presented by Representative Miller, would continue the residential infrastructure assistance program first established in 2023 and expand the statutory framework for private providers to conduct plan reviews and inspections when a local unit of government requires those services.
Miller told members that the 2023 program provided $75 million over the biennium in low-interest loans administered by the Indiana Finance Authority. Of the $51 million allocated in round one, Miller said roughly $41 million closed to finance infrastructure supporting about 1,750 housing units; round two allocations of roughly $31 million are expected to support another 1,600 units.
The bill shortens statutory timeframes for plan review and inspections to 10 days when a local unit requires them and creates a path for private providers who meet qualifications to perform both plan review and inspections at the request of a permit applicant. The legislation requires that private providers not be associated with the permit applicant or project developer in ways that would create a conflict of interest, the floor record shows.
On final passage the chamber recorded 92 ayes, 0 nays; the bill passed and will be delivered to the Senate.
