This amendment creates the Wyoming Housing Investment Program with $20 million in grants and $20 million in loans for affordable housing, plus $100,000 for program administration.
- Creates the Wyoming Housing Investment Program to be administered by the Wyoming Community Development Authority with authority to award grants and make loans for housing purposes. (Page 84, lines 4-11)Agency: Wyoming Community Development Authority · $20,000,000 Legislative Stabilization Reserve Account
- Creates the Wyoming Housing Investment Account to hold and manage all funds for the program, including grants, loans, and contributions from any source. (Page 84, lines 13-21)Agency: Wyoming Community Development Authority · $20,000,000 Legislative Stabilization Reserve Account
- Appropriates $20 million from the legislative stabilization reserve account to the Wyoming housing investment account for grants and loans. (Page 84, lines 23-25)Agency: Wyoming Community Development Authority · $20,000,000 Legislative Stabilization Reserve Account
- Authorizes grants to nonprofit entities and local governments for new housing construction, rehabilitation, transitional housing, first-time homebuyer assistance, and rental voucher programs. (Page 1-2, lines 27-16)Agency: Wyoming Community Development Authority · Authorized from account Wyoming Housing Investment Account
- Authorizes loans to Wyoming residents and businesses for new housing construction and rehabilitation, with aggregate limit of $20 million at interest rates not exceeding the federal funds rate. (Page 2, lines 18-46)Agency: Wyoming Community Development Authority · $20,000,000 Wyoming Housing Investment Account
- Appropriates $100,000 from the general fund to the Wyoming Community Development Authority for one or more at-will employee positions to administer the program. (Page 2-3, lines 5-15)Agency: Wyoming Community Development Authority · $100,000 General Fund
- Requires attorney general written opinion certifying legality of all grants and loans before they can be made. (Page 3, lines 1-3)Agency: Wyoming Community Development Authority · N/A N/A
- Requires annual reporting to the joint appropriations committee by November 1 on all grants and loans made, outstanding loans, and legislative recommendations. (Page 3, lines 17-30)Agency: Wyoming Community Development Authority · N/A N/A
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