Establishes an affordable housing insurance relief fund program to grant funds for commercial insurance expenses.

The bill creates an affordable housing insurance relief fund program to provide grants to eligible projects for reasonable and necessary commercial insurance expenses. The housing trust fund corporation will develop and administer the program, prioritizing projects with demonstrated insurance access barriers or financial vulnerability. The corporation can adjust award amounts based on inflation or market conditions. The program will expire 20 years after its effective date, with remaining funds returned to the state treasury or reallocated as appropriate.

Establishes an affordable housing insurance relief fund program to grant funds for commercial insurance expenses.

The bill creates an affordable housing insurance relief fund program to provide grants to eligible projects for reasonable and necessary commercial insurance expenses. The housing trust fund corporation will develop and administer the program, prioritizing projects with demonstrated insurance access barriers or financial vulnerability. The corporation can adjust award amounts based on inflation or market conditions. The program will expire 20 years after its effective date, with remaining funds returned to the state treasury or reallocated as appropriate.