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ND HB1499
Bill
Status
2/13/2023
Primary Sponsor
Shannon Roers Jones
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AI Summary
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Legislative management shall study the feasibility and desirability of creating an interest rate buydown program at the Bank of North Dakota during the 2023-24 interim.
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Program would be designed for North Dakota homeowners with a primary residence mortgage.
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Study shall examine the potential impact of the program on workforce development and increasing access to home ownership.
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Legislative management must report findings, recommendations, and any necessary implementing legislation to the sixty-ninth legislative assembly.
Legislative Description
A BILL for an Act to provide for a legislative management study relating to an interest rate buydown program for homeowners with a primary residence mortgage.
Last Action
Second reading, failed to pass, yeas 13 nays 34
3/23/2023