Treasurer's Office Proposes Expanding LIAC to Back an Off‑site Housing Accelerator; Senators Ask About Risk
Treasurer's staff briefed the committee on proposals to increase the state's LIAC lending cap and create a small 1% credit facility to support bulk purchasing or pilot off‑site (modular) housing projects; senators voiced concern about added risk and asked for modeling details.
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Peter Trombley of the treasurer's office described the state Local Investment Advisory Committee (LIAC) program and three proposed changes to support an off‑site housing accelerator pilot.
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