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Sponsor seeks committee support for cooperative limited-equity housing bill but flags fiscal note concerns
2766597 · March 25, 2025
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Summary
Sen. Smith presented SB927 to establish cooperative limited-equity housing; he said amendments reduced fiscal impacts but a fiscal note still estimated costs near $278,000, and he asked the committee to consider the measure despite budget concerns.
Senate Bill 927, sponsored by Sen. Smith, would create cooperative limited-equity housing structures and related statutory provisions. Smith told the committee the bill had been heard previously and that amendments were made to address fiscal concerns.
"What the amended bill does is it…
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