(at the request of Senate Interim Committee on Housing and Development)
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Bill Title:
Relating to housing; declaring an emergency.
Catchline/Summary:
Allows the Housing and Community Services Department to use certain moneys in the Local Innovation and Fast Track Housing Program Fund set aside to purchase multifamily housing to convert to affordable housing.Digest: This Act lets OHCS use LIFT moneys for Metro counties to buy apartments for low-cost housing. (Flesch Readability Score: 68.9).
[Digest: The Act tells OHCS to study housing. (Flesch Readability Score: 90.9).]
[Requires the Housing and Community Services Department to study housing and to report to the interim committees of the Legislative Assembly related to housing by September 15, 2026.]
Allows the Housing and Community Services Department to use certain moneys in the Local Innovation and Fast Track Housing Program Fund set aside to purchase multifamily housing to convert to affordable housing. Sunsets June 30, 2027.
Updates sources of the fund.
Declares an emergency, effective July 1, 2025.
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SB 50 Joint Committee On Ways and Means
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