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Housing committee backs using dwelling unit revolving fund for interim redevelopment loans
Summary
The Senate Committee on Housing voted to pass SCR 46 and SR 45 unamended, supporting use of the Dwelling Unit Revolving Fund for interim loans to expedite redevelopment costs for government affordable housing projects.
The Senate Committee on Housing passed SCR 46 and SR 45 on March 24 to support use of the Dwelling Unit Revolving Fund (DIRF) to provide interim loans to cover redevelopment costs for government affordable housing development projects.
Chair Chang presented the resolutions and recommended they pass unamended to expedite affordable housing delivery by allowing interim financing through the fund. The committee adopted the chair’s recommendation and recorded aye votes; a vice chair and a senator were noted as excused for portions of the roll call.
The committee record does not include a departmental implementation timeline or a specific authorization of additional appropriations; the resolutions are expressions of legislative support and will be used to signal policy intent and to prompt agency action on interim financing options.
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