SF859 (Legislative Session 94 (2025-2026))

Arrowhead Economic Opportunity Agency grant appropriation

Related bill: HF297

AI Generated Summary

The bill, S.F. No. 859, introduced by Senators Farnsworth and Hauschild, proposes to allocate $2,000,000 in the year 2026 to the Arrowhead Economic Opportunity Agency. This money is intended to establish a revolving fund which will be used to purchase and fix up properties that have been forfeited due to unpaid taxes. These refurbished properties will then be sold for homeownership, with the condition that the homes remain affordable for local workers. The funding is one-time and aims to improve housing affordability and availability in the region.

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
February 02, 2025SenateFloorActionIntroduction and first reading
February 02, 2025SenateFloorActionReferred toHousing and Homelessness Prevention
February 05, 2025SenateFloorActionAuthor added
February 12, 2025SenateFloorActionAuthor added