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Committee advances substitute for House Bill 2,236 to limit Housing Finance Commission retail lending, 13–4
Summary
The House Housing Committee voted 13–4 to report a proposed substitute for House Bill 2,236 that narrows the Housing Finance Commission's authority to originate residential mortgage loans to individual owner‑occupied single‑family buyers, clarifies intent that the commission should not act as a retail mortgage lender, and sparked debate over whether striking a 'not using public funds' phrase raises taxpayer risk.
The House Housing Committee on Jan. 22 reported the proposed substitute for House Bill 2,236 out of committee with a due‑pass recommendation following a 13–4 roll‑call vote.
Staff and sponsor language explain the substitute (H‑3,020.2) updates a statute more than 40 years old. The substitute specifies that the Housing Finance Commission (HFC) may not originate residential mortgage loans directly to natural persons for owner‑occupied single‑family housing purchases or refinancing, except for certain down‑payment assistance loans. An intent section…
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