SB829 • 2025

Requires the Department of Consumer and Business Services to establish a program to assist eligible entities in paying the costs of property insurance or liability insurance premiums for affordable housing, shelters and other facilities.

Housing

Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor
Last action: 2025-08-08
Official status: Chapter Number Assigned
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

2025-08-08 Senate
Chapter 600, 2025 Laws.
2025-08-08 Senate
Effective date, July 24, 2025.
2025-07-24 Senate
Governor signed.
2025-06-26 House
Speaker signed.
2025-06-25 Senate
President signed.
2025-06-24 House
Third reading. Carried by Marsh. Passed. Ayes, 44; Excused, 6--Cate, Diehl, Harbick, Nguyen H, Wallan, Yunker; Excused for Business of the House, 10--Bowman, Evans, Helm, Javadi, McIntire, Owens, Skarlatos, Smith G, Sosa, Walters.
2025-06-23 House
Rules suspended. Carried over to June 24, 2025 Calendar.
2025-06-20 House
Rules suspended. Carried over to June 23, 2025 Calendar.
2025-06-19 House
Second reading.
2025-06-18 Senate
Third reading. Carried by Pham. Passed. Ayes, 24; Nays, 5--Linthicum, Robinson, Starr, Thatcher, Weber; Excused, 1--Gorsek.
2025-06-18 House
First reading. Referred to Speaker's desk.
2025-06-18 House
Referred to Ways and Means.
2025-06-18 House
Recommendation: Do pass.
2025-06-17 Senate
Second reading.
2025-06-16 Senate
Recommendation: Do pass with amendments to the A-Eng. bill. (Printed B-Eng.)
2025-06-13 Senate
Work Session held.
2025-06-10 Senate
Work Session held.
2025-06-10 Senate
Returned to Full Committee.
2025-06-06 Senate
Assigned to Subcommittee On Transportation and Economic Development.
2025-04-15 Senate
Recommendation: Do pass with amendments and be referred to Ways and Means. (Printed A-Eng.)
2025-04-15 Senate
Referred to Ways and Means by order of the President.
2025-04-07 Senate
Work Session held.
2025-03-31 Senate
Public Hearing held.
2025-03-26 Senate
Public Hearing held.
2025-01-17 Senate
Referred to Housing and Development.
2025-01-13 Senate
Introduction and first reading. Referred to President's desk.

Official Summary Text

Digest: Tells a state agency to do a program to help make it easier for people who own or run affordable housing to pay insurance premiums. Sets up a fund for the program. Tells the agency to find ways to support stable prices for insurance for affordable housing. (Flesch Readability Score: 63.1).
Requires the Department of Consumer and Business Services to establish a program to assist eligible entities in paying the costs of property insurance or liability insurance premiums for affordable housing, shelters and other facilities. Specifies requirements for eligibility for the program. Requires the department to report to an interim committee of the Legislative Assembly related to housing not later than December 15 of each year.
Establishes the Affordable Housing Premium Assistance Fund and continuously appropriates moneys in the fund to the department to implement the department's program.
Requires the department to study the feasibility of creating and operating a state reinsurance program or devising another solution to support price stability in the market for insurance to cover affordable housing.
Declares an emergency, effective on passage.
Relating to: Relating to affordable housing; and declaring an emergency.
Current location: Chapter Number Assigned