This amendment creates a Wyoming housing investment program administered by the Wyoming community development authority, funded with $20 million from the legislative stabilization reserve account, and appropriates $100,000 from the general fund for program administration.
- Adds 'providing for a housing investment program' to the bill's purposes listed in the preamble. (Page 1, lines 1-2)
- Creates a new Section 328 establishing the Wyoming housing investment program with the Wyoming community development authority as administrator. The program authorizes grants to nonprofits and local governments for new housing construction, rehabilitation of existing housing, transitional housing, first-time homebuyer assistance, and rental voucher programs. (Page 1-2, lines 4-19)
- Creates the Wyoming housing investment account to hold program funds and establishes continuous appropriation authority for grants and loans from the account. (Page 2, lines 16-24)
- Appropriates $20,000,000 from the legislative stabilization reserve account to the Wyoming housing investment account. (Page 2, lines 26-28)Agency: Wyoming Community Development Authority · $20,000,000 Legislative Stabilization Reserve Account
- Authorizes the Wyoming community development authority to make loans from the account up to an aggregate limit of $20,000,000 to Wyoming residents and businesses for new construction and rehabilitation of affordable housing, with interest rates not exceeding the federal funds rate, and requires repaid funds to be returned to the account. (Page 2-3, lines 21-36)
- Requires written opinion from the attorney general certifying legality of all grants and loans before they may be made. (Page 3, lines 4-6)
- Appropriates $100,000 from the general fund to the Wyoming community development authority for one or more at-will employee positions to administer the housing investment program. (Page 3, lines 8-14)Agency: Wyoming Community Development Authority · $100,000 General Fund
- Requires the Wyoming community development authority to report to the joint appropriations committee by November 1, 2026 and November 1, 2027 on all grants and loans made, outstanding loan balances, and recommendations for related legislation. (Page 3, lines 20-33)
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