Requires Housing and Community Services Department to provide grants to developers of single-family homes made available for affordable homeownership. Requires department to provide loans under modified version of Affordable Housing Land Acquisition Revolving Loan Program for land for affordable homeownership housing. Requires department to award grants to support innovative homeownership projects.
Appropriates moneys from General Fund to department for purposes of Act.
Sunsets January 2, 2026.
Declares emergency, effective July 1, 2023.