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SF0064 • 2026

Investment in Wyoming housing.

AN ACT relating to community development; creating the Wyoming housing revolving loan program; providing legislative findings; providing for loans for housing projects; specifying terms and conditions for loans; creating an account; providing for the appropriation of funds; requiring reports; requiring rulemaking; making conforming amendments; and providing for an effective date.

Did Not Pass

The latest official action shows that this bill did not move forward in that session.

Sponsor
Senator Brennan
Last action
2026-02-10
Official status
inactive
Effective date
3/1/2026

Plain English Breakdown

The bill did not pass, so details about how loans will be managed are left open for future rulemaking by the authority managing the program.

Wyoming Housing Revolving Loan Program

This act creates a program that provides loans for affordable and workforce housing projects in Wyoming.

What This Bill Does

  • Creates the Wyoming housing revolving loan program to provide loans for affordable and workforce housing projects.
  • Establishes an account to hold funds for these loans, which can be used for new construction or rehabilitation of existing housing.
  • Specifies that loans have terms such as interest rates set by rules made by the authority managing the program.
  • Requires yearly reports sent to the joint appropriations committee about loan activities and balances.

Who It Names or Affects

  • Local governments, housing authorities, and nonprofit entities in Wyoming that can apply for loans.
  • Residents of Wyoming who will benefit from affordable housing projects funded by these loans.

Terms To Know

Revolving loan program
A financial program where funds are lent out, repaid, and then lent out again to support ongoing activities.
Workforce housing
Housing that is affordable for people who work in the local area but may not earn high salaries.

Limits and Unknowns

  • The bill did not pass and was introduced but failed to move forward.
  • Specific rules governing loans are left to future rulemaking by the authority managing the program.

Bill History

  1. 2026-02-10 Senate

    S Failed Introduction 15-15-1-0-0

  2. 2026-02-05 Senate

    S Received for Introduction

  3. 2026-02-02 LSO

    Bill Number Assigned

Current Bill Text

Read the full stored bill text 
26LSO-0314
2026
STATE OF WYOMING
26LSO-0314
Numbered
2.0

SENATE FILE NO. SF0064

Investment in Wyoming housing.

Sponsored by: Senator(s) Brennan, Gierau and Landen and Representative(s) Campbell, E, Connolly, Harshman, Larson, JT, Sherwood and Thayer

A BILL

for

AN ACT relating to community development; creating the Wyoming housing revolving loan program; providing legislative findings; providing for loans for housing projects; specifying terms and conditions for loans; creating an account; providing for the appropriation of funds; requiring reports; requiring rulemaking; making conforming amendments; and providing for an effective date.

Be It Enacted by the Legislature of the State of Wyoming:

Section 1
.

W.S. 9
‑
7
‑
126 is created to read:

9
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7
‑
126.

Wyoming housing revolving loan program; account; requirements.

(a)

The legislature finds and declares that:

(i)

There is in this state a critical shortage of adequate, affordable housing;

(ii)

It is in the public interest of the citizens of this state to facilitate the provision of adequate, affordable housing and workforce housing in order to promote the economic welfare of the state and its residents by retaining a talented workforce, increasing employment opportunities, addressing rising home costs and fostering economic stability, thus improving the state's economy;

(iii)

It is the purpose of this section to promote strong Wyoming communities by providing loans for adequate, affordable housing and workforce housing necessary to create economic benefit to the state;

(iv)

This section constitutes a valid public purpose of primary benefit to the state of Wyoming.

(b)

There is created the Wyoming housing revolving loan program. The authority shall administer the program under this section. The authority shall promulgate all rules necessary to administer and implement the program.

(c)

There is created the Wyoming housing revolving loan account. The authority shall manage and administer the account. All funds within the account are continuously appropriated to the authority for purposes of this section. The account shall consist of all funds transferred or deposited to the account from any source and all monies collected from federal grants and other contributions, grants, gifts, bequests and donations to the account. Funds in the account at the end of a fiscal biennium shall not lapse and shall not revert as provided in W.S. 9
‑
4
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207 but shall remain in the account to implement this section.

(d)

The Wyoming housing revolving loan account shall be available for the following projects in the following amounts:

(i)

Not more than eighty percent (80%) of the account balance shall be expended for loans to local governments, housing authorities and nonprofit entities for the following purposes and subject to the following conditions:

(A)

Loans under this paragraph shall be made only for:

(I)

New construction of adequate, affordable housing or workforce housing, including land acquisition, infrastructure and building materials and labor costs;

(II)

Rehabilitation of existing housing in order to provide adequate, affordable housing or workforce housing;

(III)

The purchase of land or other property to be used for adequate, affordable housing and workforce housing.

(B)

Loans made under this paragraph shall be disbursed only to local governments, housing authorities and nonprofit entities located in Wyoming;

(C)

Loans issued under this paragraph shall have an interest rate as established by rule of the authority, provided that the interest rate established under this subparagraph shall not exceed the United States effective federal funds rate;

(D)

Funds repaid from any loan issued under this paragraph shall be deposited in the Wyoming housing revolving loan account.

(ii)

Not more than twenty percent (20%) of the account balance shall be expended for loans to local governments, housing authorities and nonprofits for the following purposes and subject to the following conditions:

(A)

Loans under this paragraph shall be made only for:

(I)

Planning for adequate, affordable housing projects or workforce housing projects;

(II)

Predevelopment expenses for an adequate, affordable housing or workforce housing project, including architectural drawings and other design plans.

(B)

Loans shall be made only to local governments, housing authorities and nonprofit entities located in Wyoming;

(C)

Loans issued under this paragraph shall specify an interest rate of zero percent (0%);

(D)

Funds repaid from any loan issued under this paragraph shall be deposited in the Wyoming housing revolving loan account.

(e)

The authority shall establish an application process for the loans that are available under this section.

The authority may establish an administrative fee for the ongoing monitoring of projects receiving loans under this section to ensure that the projects remain in compliance with this section and any associated rules.

(f)

No loan shall be made under this section without the written opinion of the attorney general certifying the legality of the transaction and all documents connected therewith.

(g)

Not later than November 1 of each year, the authority shall report to the joint appropriations committee on:

(i)

The balance of the Wyoming housing revolving loan account;

(ii)

All loans made in the immediately preceding fiscal year under this section, including the recipients of each loan and the purpose for which the loan was made;

(iii)

All outstanding loans made under this section, and the balance of each loan;

(iv)

Any recommendations for legislation for the Wyoming housing revolving loan program.

Section 2.

W.S. 9
‑
7
‑
103(a)(xvi) is amended to read:

9
‑
7
‑
103.

Definitions.

(a)

As used in this act:

(xvi)

"This act" means W.S. 9
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7
‑
101 through
9
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7
‑
125
9
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7
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126
.

Section 3
.

(a)

Subject to subsection (b) of this section, on July 1, 2026, the state auditor shall transfer thirty million dollars ($30,000,000.00), or as much thereof as is available, from the strategic investments and projects account to the Wyoming housing revolving loan account created in section 1 of this act.

(b)

If the strategic investments and projects account is repealed effective on or before July 1, 2026, then the transfer required under subsection (a) of this section shall not be made. In that event, on July 1, 2026, the state auditor shall transfer thirty million dollars ($30,000,000.00), or as much thereof as is available, from the legislative stabilization reserve account to the Wyoming housing revolving loan account created in section 1 of this act. The transfer from the legislative stabilization reserve account specified in this subsection shall only be made if no transfer is made under subsection (a) of this section.

Section 4
.

This act is effective immediately upon completion of all acts necessary for a bill to become law as provided by Article 4, Section 8 of the Wyoming Constitution.

(END)

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SF0064