HB1723 amends the Rental Housing Revolving Fund to prioritize mixed-income projects and establish a subaccount for such projects.

HB1723 amends the Rental Housing Revolving Fund to prioritize mixed-income rental projects and establish a subaccount for such projects. The fund will allocate funds to projects that efficiently use state funding and have the shortest loan repayment term. The mixed-income subaccount will be used for financing mixed-income rentals or for-sale projects. The bill also appropriates funds for fiscal year 2026-2027 to be deposited into the mixed-income subaccount. The corporation may transfer moneys between the subaccount and the fund without requiring legislative approval.

HB1723 amends the Rental Housing Revolving Fund to prioritize mixed-income projects and establish a subaccount for such projects.

HB1723 amends the Rental Housing Revolving Fund to prioritize mixed-income rental projects and establish a subaccount for such projects. The fund will allocate funds to projects that efficiently use state funding and have the shortest loan repayment term. The mixed-income subaccount will be used for financing mixed-income rentals or for-sale projects. The bill also appropriates funds for fiscal year 2026-2027 to be deposited into the mixed-income subaccount. The corporation may transfer moneys between the subaccount and the fund without requiring legislative approval.