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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 panel on the substitute, saying the measure “authoriz[es] them to make mortgage loans directly to borrowers for multifamily housing development.” No amendments were offered before the executive session vote.
Representative Parsley moved the motion to report the substitute bill with a due-pass recommendation. In debate Representative Walsh said the coalition would deliver a mixed vote, expressing concern that the bill represents “a little bit of an expansion to the Housing Finance Commission.” The chair urged support to “clean up” the commission’s authorizing language to reflect updates brought forward from policy committee work.
A roll-call tally read by staff produced 10 aye, 6 nay and 3 excused; the chair announced that by that vote HB 2,236 was reported out of committee with a due-pass recommendation.
The committee did not adopt any amendments and provided no additional implementation timeline during the session. The bill will proceed to floor action under the usual legislative calendar.
