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SB50 • 2025

Allows the Housing and Community Services Department to use certain moneys in the Local Innovation and Fast Track Housing Program Fund set aside to purchase multifamily housing to convert to affordable housing.

Allows the Housing and Community Services Department to use certain moneys in the Local Innovation and Fast Track Housing Program Fund set aside to purchase multifamily housing to convert to affordable housing.

Housing
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Last action
2025-06-27
Official status
In Senate Committee
Effective date
Not listed

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Bill History

  1. 2025-06-27 Senate

    In committee upon adjournment.

  2. 2025-04-07 Senate

    Recommendation: Do pass with amendments and be referred to Ways and Means. (Printed A-Eng.)

  3. 2025-04-07 Senate

    Referred to Ways and Means by order of the President.

  4. 2025-03-31 Senate

    Work Session held.

  5. 2025-03-12 Senate

    Public Hearing held.

  6. 2025-01-17 Senate

    Referred to Housing and Development.

  7. 2025-01-13 Senate

    Introduction and first reading. Referred to President's desk.

Official Summary Text

<b>Digest: This Act lets OHCS use LIFT moneys for Metro counties to buy apartments for low-cost housing. (Flesch Readability Score: 68.9).</b>
[<i>Digest: The Act tells OHCS to study housing. (Flesch Readability Score: 90.9).</i>]
[<i>Requires the Housing and Community Services Department to study housing and to report to the interim committees of the Legislative Assembly related to housing by September 15, 2026.</i>]
<b>Allows the Housing and Community Services Department to use certain moneys in the Local Innovation and Fast Track Housing Program Fund set aside to purchase multifamily housing to convert to affordable housing. Sunsets June 30, 2027.
<b>Updates sources of the fund.
<b>Declares an emergency, effective July 1, 2025.</b>
Relating to: Relating to housing; declaring an emergency.
Current location: In Senate Committee