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Committee defers bill that would remove 30% AMI set-aside from RHRF eligibility amid concerns over low-income unit production
Summary
Senate Bill 42, which would repeal statutory requirements that some RHRF projects reserve at least 5% of units for households at or below 30% of area median income, was deferred after testimony highlighted high demand for 30% AMI units and concerns that repeal could reduce production of deeply affordable units.
The Senate Committee on Housing deferred Senate Bill 42, which would repeal statutory language requiring certain projects seeking Rental Housing Revolving Fund (RHRF) loans to set aside at least 5% of available units for households at or below 30% of area median income (AMI), and would remove matching grant language and preference criteria tied to 30% AMI…
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