Establishes a housing finance commission to provide affordable housing and promote the use of state forest products in residential construction.
The bill establishes a housing finance commission to provide affordable housing and promote the use of state forest products in residential construction. The commission is empowered to issue bonds, invest in mortgages, make mortgage loans, and participate in federal and state housing programs. It aims to address the shortage of safe, sanitary, and affordable housing, particularly for older people, individuals with disabilities, and low and moderate-income families.
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