Committees pass HB 1715 with amendments clarifying resale restrictions and foreclosure exception
Senate committees passed HB 1715 HD1 to authorize HHFDC to designate certain for-sale units as permanently affordable, clarify resale and occupancy restrictions, and add language that permanently affordable-unit restrictions extinguish and will not attach to title after foreclosure or conveyance in lieu of foreclosure.
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Senate joint committees voted on March 19 to pass HB 1715 HD1 with amendments intended to clarify buyer-eligibility, buyback restrictions and what happens to permanently affordable restrictions after foreclosure.
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