Repeals the home ownership assistance fund, operating loss reserve account, and restricted title loss reserve account.
The bill repeals the home ownership assistance fund, operating loss reserve account, and restricted title loss reserve account. It also modifies the housing assistance loan program to prohibit certain loans, including those exceeding specified loan-to-value ratios and those without required inspections and certifications. The changes take effect on July 1, 2026.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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