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Governor keeps student housing bond support; two community college projects withdraw or shift approach
Summary
The governor's budget continues support for a lease revenue bond program to finance 13 community college student housing projects; two districts have moved off the original list and Finance said 11 projects remain active, with several under construction.
The subcommittee heard updates on the state's plan to transition prior higher‑education student housing grant awards into a lease revenue bond program to support community college student housing projects.
"Of the 13 projects eligible for this program, 11 are still actively involved with the program," said Alexandra Waldman of the Department of Finance. The Chancellor's Office told the committee the budget continues to provide resources to support the transition and that the projects represented "just under $1 billion" in available resources.
What the update said
- Project status:…
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