Transcript Highlights:

• But the 4% program must be paired with tax-exempt bonds.
• Set by, we get a per capita multiplier of taxes and bonds that we have the authority to allocate to bond
• We also offer additional financing outside of the state's annual bond cap through our innovative bond
• One, the housing bond. I can't emphasize enough the importance of the housing bond right now.
• benefit because of other bonds that have happened.

Summary: The Assembly Select Committee on Housing Finance and Affordability held its first hearing of 2025 to examine California’s housing finance system, with opening remarks emphasizing the state’s severe housing shortage, high costs, and the need for practical recommendations to the Legislature and Governor. Co-chairs described the committee as an educational and problem-solving forum focused on financing housing production, first-time homeownership, mixed-income developments, and affordability across the income spectrum. Witnesses from state agencies and the development sector were invited to explain how housing is financed and where the system is breaking down. Panelists from the California Housing Partnership, the Business, Consumer Services and Housing Agency, the Tax Credit Allocation Committee/State Treasurer’s Office, CalHFA, and Related outlined the “capital stack” used to finance affordable housing, stressing that projects typically rely on multiple public and private sources, including federal and state low-income housing tax credits, tax-exempt bonds, state subsidies, local funds, and rental income. Speakers noted that affordable housing rents generally cannot support full project costs without public subsidy, and that recent federal changes—especially the expansion of the 4% and 9% tax credit programs and the reduction of the bond financing threshold for 4% credits—should allow California to finance substantially more units. CalHFA also described its homeownership programs, including My Home, Dream For All, and disaster-related mortgage assistance, as well as its multifamily lending and bond issuance programs. Several witnesses and committee members emphasized that the system remains too complex, too slow, and underfunded. They pointed to the need for more state funding, a housing bond, a permanent funding source, and better coordination among agencies, while also citing recent streamlining efforts such as AB 434’s SuperNOFA, AB 519’s one-stop-shop working group, and the planned California Housing and Homeless Agency reorganization. Members raised concerns about equity, access, missing-middle housing, gender and racial disparities, and whether current programs adequately serve extremely low-income households and those at risk of homelessness. No formal votes or actions were taken during the hearing; the discussion ended with committee members and witnesses agreeing that both funding and administrative reform are needed to increase production and improve affordability.

Transcript Highlights:

• bonding authorization.
• required to authorize GO bonds.
• required to authorize GO bonds.
• required to authorize GO bonds.
• required to authorize GO bonds.

Keywords: 1183, house

Transcript Highlights:

• So every individual jurisdiction would be doing it in the bonds.
• Go out to the bond when they do the bonds, we can talk about. We'll note that.
• Of the issue of the bond certificate when notes exceed 120%.
• So every individual jurisdiction would be doing it in the bonds.
• Go out to the bond when they do the bonds, we can talk about. We'll note that.

Summary: The Senate Local Government Committee met with a quorum and considered several bills and resolutions, beginning with Senate Bill 393. The bill would restrict political subdivisions from issuing debt for personal property whose useful life ends before the debt matures, and the committee substitute broadened the restriction to include certificates of obligation and anticipation notes as well as general obligation bonds. Members asked about how the weighted-average maturity calculation works, but no detailed explanation was provided. The committee adopted the substitute and left SB 393 pending without a final vote. The committee then heard Senate Bill 464, a youth vaping measure by Senator Campbell. The committee substitute defined vaping apparatus, added a Class A misdemeanor, increased the school buffer from 300 feet to 1,000 feet, preserved limited local authority over tobacco-related retail regulation, and removed a 50% threshold. The substitute was adopted, and the bill was reported favorably; it was also placed on the local and uncontested calendar. The committee also took up SJR 81, which would create a general-law exception for up to $25,000 of tangible personal property held for production of income, and after no public testimony it was reported favorably. Members next considered SB 32, a tax relief measure. The committee substitute reduced the franchise credit amount from $700 million to $500 million, paired with the recently passed $200 million from the related resolution to keep the total at $700 million over the biennium. The substitute was adopted and the bill was reported favorably and placed on the local and uncontested calendar. The committee also reported out SB 996, SB 1163, SB 1173, SB 1277, SB 1453, and SB 2016, with most passing on 5-0 votes; SB 1453 passed 4-1 and SB 2016 passed 4-1. SB 1163 was reported to the full Senate but not placed on the local and uncontested calendar. The committee ended the meeting by leaving SB 393 pending and then adjourning/recessing subject to the chair's call.

Transcript Highlights:

• He was on a PR bond and committed a murder. He committed a murder on a PR bond.
• What was the underlying PR bond for? If you're saying somebody gave a PR bond on a murder, get it.
• Released on personal bond.
• And some of the information about bond.
• Someone's out on felony bond.

Bills: HB5621, HB4904, HB5067, HB5076, HB5081, HB5354, HB4862, HB3847, HB4088, HB4157, HB2966, HB2287, HB4203, HB4803, HB4737, HB5093, HB783, HB5411, HB4281

Keywords: HB 5621, consumer protection, Deceptive Trade Practices Act, DTPA, Business & Commerce Code, attorney general, consumer protection division, district attorney, county attorney, local prosecutor, civil investigative demand, CID, voluntary compliance, financial institution records, bank records, privacy, protective order, in camera review, trade secrets, insurer

Transcript Highlights:

• will consider this in the bonding bill. will consider this in the bonding bill.
• to present Ramsey County top bonding to present Ramsey County top bonding priority,<01:02:51.440
• Bonding is a lot of fun.
• Bonding is a lot of fun.
• Bonding<01:12:46.560> is Bonding is Bonding is it's<01:12:48.040> a<01:12:48.520> lot

Transcript Highlights:

• You mean the individual that needs the bond, not the bonds person, needs the bond, not the bonds person
• from a bonding forfeite of the bond from a bonding forfeite of the bond from a bonding company where
• on these bonding on these bonding with the bail bond industry?
• of they have the same bond, the minimum of $25,000 bond on their license, just like $25,000 bond on
• and the bonding and the bonding industry.

Bills: HB 1500, HJR 7, HJR 112, HB 34, HB 133, HB 112, HB 119, HB 128, HB 130, HB 132, HB 2756, HB 166, HB 406, HB 186, HB 271, HB 331, HB 380, HB 1583, HB 1584, HB 1819, HB 621, HB 303, HB 552, HB 366, HB 463, HB 1211, HB 1327, HB 1461, HB 923, HB 1760, HB 2043, HB 2467, HB 5333, HB 5265, HB 1592, HB 1576, HB 1552, HB 2018, HB 3511, HB 1781, HB 2013, HB 2340, HB 2349, HB 2508, HB 2970, HB 2520, HB 865, HB 2851, HB 3385, HB 3336, HB 3529, HB 3309, HB 1127, HB 1232, HB 1397, HB 4236, HB 1804, HB 1926, HB 4041, HB 1965, HB 1964, HB 2679, HB 2730, HB 3698, HB 3699, HCR 77, HB 3354, HB 163, HB 201, HB 272, HB 333, HB 405, HB 519, HB 569, HB 654, HB 694, HB 791, HB 1006, HB 1136, HB 1240, HB 1266, HB 1275, HB 1437, HB 1532, HB 1675, HB 1842, HB 1868, HB 1888, HB 1894, HB 1943, HB 1990, HB 2029, HB 2061, HB 2286, HB 2523, HB 2622, HB 2626, HB 2652, HB 2692, HB 2842, HB 2885, HB 2914, HB 3016, HB 3096, HB 3129, HB 3248, HB 3251, HB 3255, HB 3479, HB 3611, HB 3623, HB 3701, HB 3724, HB 3803, HB 3804, HB 3805, HB 3806, HB 3810, HB 3816, HB 3832, HB 3887, HB 4127, HB 4129, HB 4130, HB 4131, HB 4163, HB 4187, HB 4229, HB 4238, HB 4454, HB 4588, HB 4643, HB 4736, HB 4738, HB 4739, HB 4945, HB 5015, HB 5616, SB 767, SB 1619, SB 1738, HJR 5, HJR 2, HB 1399, HB 388, HB 114, HB 205, HB 2789, HB 2791, HB 499, HB 2960, HB 3163, HB 3135, HB 2427, HB 1672, HB 1722, HB 2618, HB 879, HB 1126, HB 4134, HB 3513, HB 1445, HB 1893, HB 1734, HB 3229, HB 3306, HB 1276, HB 3516, HB 4145, HB 1585, HB 4810, HB 2558, HB 2742, HB 1695, HB 33, HB 144, HB 109, HB 103, HB 148, HB 3809, HB 2217, HB 220, HB 2421, HB 2363, HB 421, HB 2455, HB 3711, HB 2559, HB 2775, HB 3126, HB 3666, HB 3595, HB 3260, HB 3376, HB 3826, HB 3770, HB 1831, HB 2614, HB 3113, HB 322, HB 431, HB 869, HB 1203, HB 1244, HB 1875, HB 1950, HB 2152, HB 2341, HB 2809, HB 2856, HB 3012, SB 1415, SB 1058, SB 487, SB 1499, SB 513, SB 1697, SB 1197, SB 1437, SB 1809, SB 836, SB 1879, SB 1145, SB 963, SB 1038, SB 1147, SB 914, SB 711, SB 1409, HB 3707, HB 589, HB 1360, HB 2337, HB 2391, HB 718, HB 23, HB 2436, HB 1500, HJR 7, HJR 112, HB 34, HB 133, HB 112, HB 119, HB 128, HB 130, HB 132, HB 2756, HB 166, HB 406, HB 186, HB 271, HB 331, HB 380, HB 1583, HB 1584, HB 1819, HB 621, HB 303, HB 552, HB 366, HB 463, HB 1211, HB 1327, HB 1461, HB 923, HB 1760, HB 2043, HB 2467, HB 5333, HB 5265, HB 1592, HB 1576, HB 1552, HB 2018, HB 3511, HB 1781, HB 2013, HB 2340, HB 2349, HB 2508, HB 2970, HB 2520, HB 865, HB 2851, HB 3385, HB 3336, HB 3529, HB 3309, HB 1127, HB 1232, HB 1397, HB 4236, HB 1804, HB 1926, HB 4041, HB 1965, HB 1964, HB 2679, HB 2730, HB 3698, HB 3699, HB 3354, HB 163, HB 201, HB 272, HB 333, HB 405, HB 519, HB 569, HB 654, HB 694, HB 791, HB 1006, HB 1136, HB 1240, HB 1266, HB 1275, HB 1437, HB 1532, HB 1675, HB 1842, HB 1868, HB 1888, HB 1894, HB 1943, HB 1990, HB 2029, HB 2061, HB 2286, HB 2523, HB 2622, HB 2626, HB 2652, HB 2692, HB 2842, HB 2885, HB 2914, HB 3016, HB 3096, HB 3129, HB 3248, HB 3251, HB 3255, HB 3479, HB 3611, HB 3623, HB 3701, HB 3724, HB 3803, HB 3804, HB 3805, HB 3806, HB 3810, HB 3816, HB 3832, HB 3887, HB 4127, HB 4129, HB 4130, HB 4131, HB 4163, HB 4187, HB 4229, HB 4238, HB 4454, HB 4588, HB 4643, HB 4736, HB 4738, HB 4739, HB 4945, HB 5015, HB 5616, SB 767, SB 1619, SB 1738, HCR 77

Keywords: Information Resources, Department governance, cybersecurity, state assistance, procurement training, technology resources, advisory committees, water fund, Texas water supply, constitutional amendment, state revenue, infrastructure, parental rights, child upbringing, government interference, Texas legislation, science park district, economic development, technology innovation, higher education collaboration

Transcript Highlights:

• We issue bonds in the bond market.
• <00:07:32.240> we um we issue Bonds in the bond market we um we issue Bonds in the bond market
• I mean, we're working in the bond market to issue bonds, so we're getting private investors who are buying
• <01:02:26.200> so in the bond market to issue bonds so in the bond market to issue bonds so
• <01:35:48.600> almost and that private activity Bond almost and that private activity Bond

Keywords: 1183, house

Summary: The committee met for an agency overview from Minnesota Housing Commissioner Jennifer Ho. After member and staff introductions, Ho described Minnesota Housing’s mission, structure, and role as a mission-driven financial institution that issues bonds, uses earnings to support operations, and works across the housing continuum from homelessness prevention to homeownership and preservation. She emphasized that the agency is not a builder or regulator, but funds and partners with developers, local governments, nonprofits, and lenders. She also noted the agency’s four divisions, including a new local government housing programs division created after the 2023 legislative session expanded the agency’s responsibilities. Ho reviewed funding and program activity, saying Minnesota Housing spent $1.96 billion in fiscal year 2024 and helped more than 73,000 households. She highlighted that the agency’s work is heavily competitive and often oversubscribed, with many projects selected through RFPs and grants but more applications than available resources. She discussed 2023 and 2024 investments, including homeownership, rental, and manufactured housing projects, and said roughly half of competitive dollars have gone to Greater Minnesota over the last several years. She also explained the difference between funds committed and funds actually disbursed, noting that construction and rehabilitation projects can take many months to close and draw down funds. The commissioner also updated members on new programs created in 2023 and 2024, including first-generation down payment assistance, the Greater Minnesota Workforce Housing Development Program, public housing rehabilitation, state housing tax credits, and other local and regional initiatives. She said some programs are already closed out, while others remain in early implementation or are still accepting applications. Ho mentioned a forthcoming technical amendment to adjust a high-rise sprinkler program after eligibility issues limited participation. She closed with examples of projects preserved or funded, including a St. Louis Park preservation deal, public housing preservation in Greater Minnesota, a St. Cloud challenge project, and the first-generation down payment assistance program, which distributed $50 million to about 1,450 first-time buyers, most of whom were Black, Indigenous, or people of color. No votes or formal committee actions were taken.

Transcript Highlights:

• I think it would make sense for them to have this oversight role for calling bonds.
• It's by law they're required to have various bonds.
• You know, primarily bid bonds and performance bonds as required by law.
• These bonds are fully justified and done so.
• Why wouldn't we also allow them to make the determination on calling these bonds?

Bills: SB1966, SB175, SB1475, SB1950, SB2049, SB2052

Keywords: memorial highways, bridge designations, Oklahoma Statutes, commemorative markers, transportation, uninsured vehicles, reimbursement fund, towing services, commercial vehicles, public safety, memorial, infrastructure, dedication, Toby Keith, aviation, aircraft, surveillance, regulations, fees, Oklahoma statutes

Transcript Highlights:

• company is about the, we have a court decision, public record, it's Flintco that took a bonding case
• And so some of the talking points are, you know, about, I know the bonding...
• contact my bonding company.
• Everything I own is tied to that bond, personally guaranteed.
• , which is kind of the talking point, I guess, here of, you know, where the bond falls in.

Summary: The committee held an interim study on retainage in public construction projects, with representatives from the Associated General Contractors of Oklahoma, the Subcontractors Association of Oklahoma, and construction firms discussing how retainage works and whether current law should be changed. AGC speakers said retainage is a statutory tool that helps ensure completion and closeout, and warned that eliminating it could create more problems by shifting leverage to owners or general contractors and leaving contractors with fewer remedies. Subcontractor representatives said retainage often functions as delayed profit, can tie up cash flow for one to two years, and can be especially burdensome for early-phase trades such as dirt work, concrete, and demolition. Several participants explained that retainage is typically withheld from monthly progress payments and paid at final closeout, with current law generally allowing retainage to drop from 5% to 2.5% after 50% completion on public projects. Subcontractors said that in practice they often still have to fight to get the reduced rate applied, and that some owners or construction managers do not follow the statute consistently. They also noted that bonding companies are a last resort but still an important enforcement tool, while AGC cautioned that bond claims and litigation are not ideal substitutes for a workable retainage process. The discussion focused on possible benchmarks or compromise approaches, including line-item or trade-specific release of retainage when work is complete, especially for demolition or other early-finish subcontractors. Committee members emphasized that owner, GC/CM, and subcontractor issues may need different solutions and that the study was intended to gather perspectives rather than produce immediate legislation. No vote was taken, and no formal action was announced.

Transcript Highlights:

• <00:13:56.120> to for housing infrastructure bonds to for housing infrastructure bonds to
• the sale of GO bonds are.
• few key differences between goo bonds few key differences between goo bonds and<00:18:33.240>
• on the hibs second appropriation Bond on the hibs second appropriation Bond proceeds<00:18:58.320
• are for example sales of go bonds are for example appropriation<00:19:05.000> bonds<00:19:05.280

Keywords: 1187, senate, all

Transcript Highlights:

• Um the next new bond issue report for Um the next new bond issue report for your<00:36:37.200> consideration
• series 2026A and mortgage revenue bonds series 2026A and B.<00:36:52.560> Bond<00:36:52.880><
• They issued revenue bonds in the amount of $52,605,000 to refund their 2011 bonds.
• <00:40:33.200> This to refund their 2011 bonds. This to refund their 2011 bonds.
• Multifamily Housing Revenue Bonds Multifamily Housing Revenue Bonds Meadows<00:40:49.440> at<

Keywords: 958, all

Summary: The committee first approved the December meeting minutes and received several information items, including quarterly capital project status reports, University of Kentucky medical and equipment purchases, school district bond issue notices, and a University of Kentucky RFP for an enterprise services partner. Members also briefly discussed a University of Kentucky public-private partnership for student housing and dining, with comments that such arrangements may improve efficiency and use of taxpayer dollars during a difficult budget year. The main substantive discussion centered on a new CHFS lease in Harlan County for the Department for Community Based Services. Members questioned the proposed annual cost of $25.62 per square foot, which was far above the county average cited in the meeting, and raised concerns about the one responsive bid, the long lease term through 2033, and whether a nearby hospital or other entity might have been interested. CHFS staff said the current office space is in poor condition, that the new lease includes needed construction and 60 parking spaces, and that the office is limited to considering only actual bidders. After debate over whether to rebid or negotiate, the committee voted to approve the lease, with some members supporting it because of the current facility’s condition and others recording reservations. The committee then approved the remaining 10 lease renewals as a group. These included one renewal for the Commonwealth’s prosecutorial system and renewals for several CHFS offices, the Department of Corrections, the Department of Juvenile Justice, and the Department of Natural Resources. One member noted that seven of the 10 renewals were at or below the county average rate and said the overall package was substantially in line with local market conditions.

Transcript Highlights:

• We have to do bonding.
• to get to on a bonding bill?
• bonding. So there was good to see bonding.
• difficult to get to on a bonding bill? difficult to get to on a bonding bill?
• Our bonding chairs are doing their work. Our bonding chairs are doing their work.

Keywords: 1183, house

Transcript Highlights:

• We have the Senate bond initiatives calendar number four.
• They are ordered to the capital budget subcommittee calendar five for bond initiatives.
• <00:02:14.879> bond the reading of the bond bond the reading of the bond bond initiatives.
• calendar five for bond initiatives. calendar five for bond initiatives.
• Clerk will read the bond initiatives. Clerk will read the bond initiatives.

Keywords: Senate streaming session for Friday, January 23, 2026, 960, senate, all

Summary: The Maryland Senate held a brief pro forma session with a quorum call and routine procedural business. The chamber received a letter from the General Assembly Compensation Commission transmitting its 14th quadrennial report on legislative compensation and allowances, which was journalized. Senators also introduced Senate Bill 328, concerning property tax credits for disabled or fallen public safety officers, and several bond initiative items, including projects such as the Carroll County Youth Services Bureau, Cromwell Valley Elementary Playground, and Holland Hills Park; these were referred to the appropriate committees or the capital budget subcommittee. No substantive debate or votes occurred. Members shared announcements about delegation meetings, including the Eastern Shore delegation’s presentations from Congressman Andy Harris, MACo, and the Maryland Municipal League, and a mention of Western Maryland organizing activity. Leadership also noted that weather could affect the next meeting and advised members to check the website and watch for email updates. The Senate then adjourned, on motion of the majority leader, until Monday, January 26th, with the exact meeting time to be confirmed on the website.

Transcript Highlights:

• with funds from previous bonding bills. with funds from previous bonding bills.
• So what this means is that the full cost of the general obligation bond debt service for future bonding
• <00:15:43.040> appropriated Uh the 2023 bonding bill appropriated Uh the 2023 bonding bill
• Another $157 million is made up of other funds, such as appropriation bonds, trunk highway bonds, trunk
• service for this uh by uh this bonding service for this uh by uh this bonding bill<00:18:31.440>

Keywords: 1183, house

Transcript Highlights:

• And then we're going to have a greater bond resilience. What are bonds? Bonds are debt.
• Bonds, investments, and bonds eligible for...
• bonds.
• for interest on the bonds.
• Bond authority... Bond authority probably not going to work.

Keywords: 981, all

Transcript Highlights:

• ,<00:09:18.399> social social capital, family bonding, social social capital, family bonding
• , So uh housing infrastructure bonds, So uh housing infrastructure bonds, public<00:38:12.960>
• you want all housing infrastructure bond you want all housing infrastructure bond selections<00:
• today on the governor's bonding today on the governor's bonding proposal.<01:30:30.639> The
• this year's bonding bill. Thank you. this year's bonding bill. Thank you.

Keywords: 1183, house

Transcript Highlights:

• So, the state will be paying off these bonds likely through July of 2049.
• HIBs, the Housing Infrastructure Bonds. HIBs, the Housing Infrastructure Bonds.
• <00:06:57.120> create And the the infrastructure bonds create And the the infrastructure bonds
• , thereafter for the life of the bonds, thereafter for the life of the bonds, which<00:07:20.280>
• state will be paying off these bonds state will be paying off these bonds likely<00:07:46.480>

Keywords: 1187, senate, all

Transcript Highlights:

• they may have to bond that firet truck. they may have to bond that firet truck.
• So, we're just that bond rate is.
• and we're talking about if we're bonding and we're talking about 20-year<00:35:41.599> bond<00
• How bond rates can change over years.
• concern of bonds before. concern of bonds before.

Keywords: 1191, senate, all

Transcript Highlights:

• You earlier in my career, I was a municipal bond approving lawyer for the first part of my career, and
• You earlier in my career, I was a municipal bond approving lawyer for the first part of my career, and
• You earlier in my career, I was a municipal bond approving lawyer for the first part of my career, and
• You earlier in my career, I was a municipal bond approving lawyer for the first part of my career, and
• Um, and then I talked to Senator Ralston and found out there was Municipal bond approving lawyer for

Keywords: 1187, senate, all

Transcript Highlights:

• , including a significant number of charter bonds that have junk ratings.
• These bonds are paid back.
• Properly invest this risk the charter schools are taking on these junk bonds.
• That's why we put people on our bond committee, our bond oversight committee who were very critical of
• our bond.