Legislation - HB1239

Title: Department of Housing and Community Development – Appraisal Gap From Historic Redlining Financial Assistance Program – Establishment
Sponsored by: Delegate Lierman
Status: In the House - Hearing 3/02 at 1:30 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Establishing the Appraisal Gap From Historic Redlining Financial Assistance Program in the Department of Housing and Community Development to make financial assistance available to affordable housing developers working in low-income census tracts in order to help close appraisal gaps that occur in historically redlined neighborhoods; providing for the calculation of the financial assistance as equal to the lesser of 35% of the appraisal gap or 80% of the national median sale price of certain new homes; etc.

Committees

Original:: Environment and Transportation Click to view Recorded Media

Details

Cross-filed with: SB0859

Bill File Type: Regular

Effective Date(s): July 1, 2021

Bill imposes a mandated appropriation in the annual State Budget Bill

History

Legislation History
Chamber House Calendar Date 2/08/2021 Legislative Date 2/08/2021 Action First Reading Environment and Transportation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Department of Housing and Community Development – Appraisal Gap From Historic Redlining Financial Assistance Program – Establishment Proceedings
Chamber House Calendar Date 2/10/2021 Legislative Date 2/10/2021 Action Hearing 3/02 at 1:30 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	2/08/2021	2/08/2021	First Reading Environment and Transportation
			Text - First - Department of Housing and Community Development – Appraisal Gap From Historic Redlining Financial Assistance Program – Establishment
House	2/10/2021	2/10/2021	Hearing 3/02 at 1:30 p.m.

File Code

Subjects

Statutes