Loading chat...
WY SF0064
Bill
AI Summary
-
Creates the Wyoming Housing Revolving Loan Program administered by the Wyoming Community Development Authority, establishing a dedicated loan account funded with $30 million transferred from the strategic investments and projects account (or legislative stabilization reserve account as backup) on July 1, 2026
-
Allocates up to 80% of account funds for loans to local governments, housing authorities, and nonprofits for new construction, rehabilitation, or land acquisition for affordable and workforce housing, with interest rates capped at the federal funds rate
-
Reserves up to 20% of account funds for zero-interest loans covering planning and predevelopment expenses such as architectural drawings and design plans
-
Requires annual reporting to the Joint Appropriations Committee by November 1 on account balance, loans issued, outstanding loan balances, and legislative recommendations
-
Mandates Attorney General certification of legality for all loan transactions and authorizes administrative fees for ongoing project monitoring and compliance
Legislative Description
Investment in Wyoming housing.
Last Action
Failed Introduction 15-15-1-0-0
2/10/2026