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Committee advances bill letting housing finance commission make direct multifamily mortgage loans
Summary
The Capital Budget Committee reported Substitute House Bill 2,236 out of committee with a due-pass recommendation after staff described statutory changes allowing the State Housing Finance Commission to make direct mortgage loans for multifamily development; the motion passed 10–6 with 3 excused.
Substitute House Bill 2,236, which updates the State Housing Finance Commission’s authorizing statute to permit the commission to make mortgage loans directly to borrowers for multifamily housing development, was reported out of the Capital Budget Committee with a due-pass recommendation.
Dawn Eichner, committee staff, briefed the…
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