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State’s shared-equity home loan fund seeks another $3 million to expand ownership access
Summary
Senator Vickers described the shared-equity revolving home loan fund, asked the subcommittee to consider a one-time $3 million appropriation and presented examples of how the fund lowers monthly payments to expand homeownership opportunities.
Senator Vickers presented the state’s shared-equity revolving home loan fund program, described prior state contributions and asked the subcommittee to consider a one-time $3 million appropriation to expand the program.
Vickers said the state contributed $5 million in the program’s first year and $3 million last year; the current request was another…
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