The bill establishes the Wyoming Housing Investment Program, aimed at addressing the critical shortage of adequate and affordable housing in the state. It creates a dedicated account to manage funds for grants and loans to support various housing projects, including new construction, rehabilitation of existing housing, transitional housing for unhoused individuals, first-time homebuyer assistance, and rental voucher programs. The program will be administered by an authority that will set rules and manage the account, which will receive funds from various sources, including federal grants and state transfers.

Additionally, the bill outlines specific conditions for the disbursement of funds, including limits on the percentage of the account balance that can be allocated for different purposes, such as nonprofit and business entity loans. It mandates annual reporting to the joint appropriations committee on the account's status and the grants and loans issued. The program is set to sunset on July 1, 2031, after which all unexpended funds will be transferred to the state treasurer. The bill also includes provisions for transferring funds from the legislative stabilization reserve account and the strategic investments and projects account to support the housing investment account.

Statutes affected:
Introduced: 9-4-219, 9-4-220, 9-7-103