On February 29, 2024, Associate Policy Director Dominic Butchko submitted written testimony to the House Ways and Means Committee in support of HB 1203- Economic Development- Strategic Infrastructure Revolving Loan Program- Established. This bill establishes the Strategic Revolving Loan Program to provide targeted investments in real estate and infrastructure projects located in sustainable communities, priority funding areas, and transit-oriented development areas.
A central element of the housing crisis is driven by financing, and HB 1203 offers innovative approaches to enable more housing projects to become financially viable.
If enacted, HB 1203 would provide another “tool in the toolbox” by establishing the Strategic Infrastructure Revolving Loan Program. The program would provide loans for targeted investments in real estate and infrastructure, ultimately providing additional resources to communities looking to redevelop and attract further investment.
HB 1203 was heard in the opposite chamber, the Senate Finance Committee, on March 28. MACo submitted testimony in support.
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