Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Subcommittee adopts amendment to create mixed-income development loan fund and advances bill
Summary
The subcommittee adopted a dash a-3 amendment transferring $20 million to a new mixed-income development loan fund and moved Senate Bill 15 67 to full Ways and Means with no objection; LFO said the Housing and Community Services Department will administer below-market short-term loans.
The Transportation Economic Development Subcommittee on Feb. 24 adopted an a-3 amendment to Senate Bill 15 67 and moved the amended bill to the full Ways and Means Committee without objection. LFO staff described the bill as establishing a mixed-income development loan fund to provide below-market short-term loans for mixed-income housing development.
LFO told the committee the…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
