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Committee reports bill expanding State Housing Finance Commission lending authority
Summary
The Capital Budget Committee voted to report Substitute House Bill 2,236 out of committee with a due-pass recommendation; staff said the bill would amend the Commission’s authorizing statute to permit direct mortgage lending for multifamily housing development.
Substitute House Bill 2,236, which would amend the State Housing Finance Commission’s authorizing statute to allow direct mortgage loans to borrowers for multifamily housing development, was reported out of the Capital Budget Committee with a due-pass recommendation. Committee staff summarized the bill as a set of statutory updates and…
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