Amends the definition of affordable housing to create separate categories for housing using private or state financing as opposed to financing from the federal government.
Amends the definition of affordable housing to create separate categories for housing using private or state financing as opposed to financing from the federal government.
Establishes and fund an affordable housing pilot program at reduced rents to be administered by the state department of housing with an appropriation of three million dollars ($3,000,000) for fiscal year 2024-2025.