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THDA highlights $30 million Starter Home Revolving Loan Fund in governor's budget proposal
Summary
THDA officials told the board that Governor Lee's budget proposal includes $30 million for a Starter Home Revolving Loan Fund and that staff are engaging legislators to try to retain the proposal during the session.
Executive Director Ralph M. Perrey told the Board that THDA received notice the Governor's budget proposal includes $30 million for a Starter Home Revolving Loan Fund intended to support affordable starter-home financing.
Perrey noted Governor Lee made a similar proposal the prior year that did not survive the final budget, and THDA staff are working to educate legislators about the program this session to improve its prospects. The board packet includes a memo describing the proposed fund and related outreach plans.
