Senate adopts changes to Affordable Home Ownership Program, strips short‑term loan component
Senate Bill 40, addressing the Affordable Home Ownership Program and AMI flexibility, was amended to remove a short‑term construction loan program (amendment L‑12) and then passed. Sponsors said they will continue work on a loan vehicle separately.
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Senate Bill 40, the Affordable Home Ownership Program, moved out of order and through the Senate on March 30 after committee amendments and floor action, with sponsors adopting a pared‑down package on the floor.
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