Expands housing supply by supporting public housing authorities in financing affordable housing developments.
The bill amends the powers of public housing authorities to include financing affordable housing developments. It allows authorities to invest in developments where at least 50% of units or lots are for low-income persons. It also permits authorities to contract with property management services companies for operating housing projects. The bill aims to increase the housing supply for low-income individuals by supporting public housing authorities in financing and managing affordable housing developments.
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