Video & Transcript Research : 'development fund'

Page 132 of 500
HI
Transcript Highlights:
  • approval. revolving fund.
  • hazard revolving fund governing section. hazard revolving fund governing section.
  • c> a Development Corporation to develop a Development Corporation to develop a plan<00:48:54.240>
  • First is HB 1409 HD1, relating to transit-oriented development, which amends the funding priorities of
  • the rental housing revolving fund to incentivize development in areas that satisfy transit-supportive
Keywords: 912, senate, all
Summary: The committees heard several housing-related bills and resolutions. HB 1298 HD3 would create a government employee housing revolving fund and a government employee 99-year leasehold rent-to-own program; testimony was generally supportive from HHFDC, labor groups, and the Maui Chamber, with the Tax Foundation and Budget and Finance raising concerns about the revolving fund. The committees recommended passage with non-substantive amendments for clarity and consistency, and the motion was adopted. HB 741 H2, which would exempt certain affordable housing projects financed by a certified nonprofit CDFI from prevailing wage requirements, drew support from housing advocates and opposition from several construction unions; the chairs said they were concerned about the labor objections and deferred the measure, with the labor committee agreeing to defer it as well. The housing committee then took up HB 417 HD1, which creates a housing efficiency and innovation subaccount in the rental housing revolving fund and allows HHFDC to transfer funds between the subaccount and the main fund without legislative approval. Testimony was largely supportive. The chair described a series of amendments, including changing the funding-efficiency standard, adding perpetual affordability language, allowing any land tenure type, broadening eligible financing tools, adding priority criteria for mixed-income projects and government-employee projects, and inserting blank appropriations tied to a requested $75 million per year and a $75 million subaccount appropriation for the HCDA 99-year leasehold project. The committee recommended passage with amendments, and the recommendation was adopted. HB 422 HD1, which would repeal school impact fees and move remaining balances to the school facilities special fund, drew broad support from housing and taxpayer groups and opposition from the Department of Education and some individuals. The School Facilities Authority and DOE argued the current system had not produced enough usable land or school sites and suggested narrowing the exemption to government housing projects’ construction costs instead of repealing the fee entirely. Members pressed DOE and SFA on how much land had actually been obtained and whether the fee had been effective; the discussion highlighted concerns about unused balances, school overcrowding, and the role of the Land Use Commission and county zoning in securing school sites. The committee did not take final action on the bill in the portion shown. The committee also heard STR 60/SR 45, urging HHFDC to develop a plan to meet housing demand, and STR 77/SR 60, addressing continued eligibility for housing credits for certain projects after repeal of Act 31; both sets of resolutions had HHFDC support, with DHHL supporting STR 77/SR 60 and Johnny May Perry opposing both.
MN

Minnesota 2025-2026 Regular Session

Committee on Taxes - 03/11/26

Taxes

Transcript Highlights:
  • school funding decisions. school funding decisions.
  • 26:56.800> mixed-use to develop an exciting mixed-use to develop an exciting mixed-use development
  • our tax base 12% when developed. our tax base 12% when developed.
  • relief funds.
  • And now that our funding relief funds.
Keywords: 1187, senate, all
NM

New Mexico 2025 Regular Session

IC - Water and Natural Resources Sep 11th, 2025

Water & Natural Resources Committee

Transcript Highlights:
  • So, we have a federal fund, a state energy efficiency revolving loan fund.
  • all, maybe not quite all, but most of the programs that the Legacy Fund funds also get additional funding
  • Those were also funded by this fund.
  • Legacy Fund.
  • been funded until now through the Legacy Fund.
WY

Wyoming 2026 Regular Session

Joint Appropriations Committee, June 22, 2026 - AM

Appropriations

Transcript Highlights:
  • let's develop, you know, a regional economic development strategy, and that would be part of it.
  • general fund.
  • Well, federal funds often come with an obligation for matching funds or other strings.
  • Do these funds typically require... Do these funds typically require matching funds from the state?
  • with BRC funding.
Keywords: 916, all
KY
Transcript Highlights:
  • <00:08:39.760> is modernization funds is modernization funds is pretty<00:08:41.760> evident
  • Um we modernization funded projects.
  • , either utilizing these funds, their own cabinet funds, or other creative ways we can find to fund,
  • purchasing<00:15:02.639> that um development costs, purchasing that um development costs,
  • generally involved in the development generally involved in the development and<00:18:57.520>
Summary: The House Budget Review Subcommittee on Personnel, Public Retirement, and Finance heard a presentation from the Commonwealth Office of Technology on legacy IT modernization funds and how they are used to address outdated, unsupported, or unsustainable systems. David Carter and Carrie Welch explained the state’s definition of a legacy system under KRS 7A.180, emphasizing not only vendor support issues but also changing business needs, regulatory compliance, and the loss of institutional knowledge for older systems. They described the office’s review process for determining whether a project qualifies, including assessing business risk, comparing options such as upgrades, replacements, shared solutions across agencies, or commercial products, and then matching the project to available funding. The presenters said COT reports twice a year to the Interim Joint Committee on Appropriations and Revenue on progress with legacy modernization projects. They reported 30 projects funded to date, with 18 completed, and said remaining projects are still moving forward while agencies continue to identify modernization needs. They highlighted examples of completed work, including modernized security cameras, replacement of unsupported systems, migration of documents to the Commonwealth Enterprise Content Management Platform, restoration of vendor support, a digital policy acknowledgement portal, replacement of the State Police dispatch system, and digitization of paper records for faster retrieval and better disaster resilience. Members asked for more detail on how the $10 million request would be allocated, including system-by-system spending, the split between software, hardware, vendor contracts, and staff time, and how the office determines when a system needs replacement. COT said it did not have a system-by-system or cost-category breakdown at the hearing but could provide one later, and explained that the funds are intended for development and first-time acquisition costs rather than ongoing maintenance. They also said the $5 million annual request was based on prior years’ experience and that agencies often contribute some funding themselves, so the program could still operate if appropriated less than the full amount. The committee then approved the minutes and adjourned.
NH

New Hampshire 2025 Regular Session

Senate Finance (04/01/2025)

Finance

Transcript Highlights:
  • Is that general funds or federal funds or those would be the general funds?
  • overwhelmingly um to the cost of funding overwhelmingly um to the cost of funding education.<00:
  • We know that in new development.
  • have been various education funding have been various education funding formulas<00:24:07.200>
  • funds under the provisions of this bill. funds under the provisions of this bill.
Keywords: 1191, senate, all
CA

California 2025-2026 Regular Session

Assembly Housing and Community Development Committee Jun 24th, 2026

Housing and Community Development

Transcript Highlights:
  • funding for pre-development activities like site-specific infrastructure that improves neighborhood
  • In many cases, developers are not quite so lucky, especially small-scale developers who are operating
  • Using the framework for development impact fee disclosure and transparency developed in AB 1820, which
  • Using the framework for development impact fee disclosure and transparency developed in AB 1820, which
  • Housing Development Corporation, and Greg Komenor, co-founder of Daylight Community Development.
Keywords: 988, house, all
CA
Transcript Highlights:
  • Without the new funding, I want to note that the program would still have $63 million in one-time funding
  • expanding or creating new programs funded by the General Fund.
  • The current funding will conclude in May 2025.
  • And then 2028 will be a deadline for liquidation of these funds.
  • Since these funds are all now general funds, we just have to make sure that there are agreements that
Summary: The subcommittee held an informational budget hearing covering several GovOps, CDT, CPPA, and DGS items. GovOps reported that most deliverables under the Governor’s generative AI executive order have been completed, including guidelines, procurement tools, community-impact guidance, and a new project delivery lifecycle for Gen AI projects; one workforce-related deliverable remains. Members and public commenters raised concerns about privacy, labor impacts, and how the state will explain and oversee Gen AI use. The committee also heard a proposal to create a California Education Interagency Council with $5 million ongoing and 16 positions to coordinate workforce and education systems; LAO questioned duplication and recommended limited-term funding, while supporters said a neutral convening body is needed to improve coordination and student outcomes. GoServe presented the College Corps budget proposals, describing the program as a paid service and career-development opportunity for undergraduate students that helps reduce college costs while supporting communities through tutoring, food insecurity work, climate and disaster response, and other service. The administration sought one-time and ongoing funding to expand the program to more campuses and students, while LAO objected to the high administrative costs and recommended rejection. Several students and alumni testified that College Corps provided financial support, professional experience, and career pathways. The committee also heard a $5 million proposal for a Belonging Campaign to address loneliness and social isolation through research, outreach, and local grants; LAO said the proposal lacked clear goals and measures, while supporters said the effort is needed for youth, seniors, and community resilience. The Department of Technology updated the Middle Mile Broadband Initiative, saying construction is underway on the statewide open-access network and the project remains on track for the 2026 deadline, though LAO noted a required business plan had not yet been submitted. The California Privacy Protection Agency presented its Delete Act implementation request for the DROP platform, which will let consumers request deletion of personal information held by data brokers; LAO flagged oversight concerns because CDT is both developing the system and involved in project support. Public commenters from business groups urged caution on CPPA’s rulemakings, warning of compliance costs and job impacts. The Department of General Services then discussed implementation of Proposition 2 school facilities bonds, requesting staffing and administrative funding to manage the new bond program and continue school facility work. Officials said the program can also help districts affected by the January wildfires, including interim site funding and expedited assistance. Finally, DGS requested authority and positions to operate Building 18 for labor-agency tenants relocating from older Capitol Mall space; SEIU Local 1000 criticized the state’s four-day return-to-office policy and said telework has improved productivity and retention. No formal votes were taken; the hearing concluded after public testimony and member questions on each item.
HI
Transcript Highlights:
  • develop how we are proposing to develop develop how we are proposing to develop we<00:47:52.559>
  • by um the fund would be funded by um the fund would be funded by maintenance<00:49:39.839> fees
  • c> OHA developments development plans with OHA developments development plans with OHA my<01:08:35.520
  • The Department of Hawaiian Homelands develops homes, so developers, we develop and deliver residential
  • homelands okay develops homes so developer<02:11:49.320> we<02:11:49.639> develop<02:11
Keywords: 912, senate, all
Summary: The joint hearing of the Water and Land, Hawaiian Affairs, and Housing committees on January 29, 2025 focused on SB 534, with the chairs outlining hearing procedures, public testimony limits, and plans to allow extended presentations from the Office of Hawaiian Affairs (OHA) and the Hawaii Community Development Authority (HCDA) before moving to other testifiers. The hearing was presented as a public, transparent discussion of OHA’s plans for Kakaʻako Makai, with committee members noting that decision-making would follow if time permitted. OHA testified in strong support of SB 534. The chair of OHA’s Board of Trustees said the bill was a novel proposal for the legislature and emphasized that OHA was bringing together a broad coalition of partners and stakeholders, including representatives from construction, hospitality, education, law enforcement, civil service, and schools, as well as longtime community advocates who have opposed development in Kakaʻako Makai. OHA’s presentation reviewed the history of the area, the creation and role of HCDA, prior master plans, the 2012 land conveyance to OHA, and the argument that OHA has not been able to realize the full economic value of the lands because desired entitlements were not secured. OHA linked the bill to its constitutional mission to improve conditions for Native Hawaiians and argued that the state’s housing crisis makes additional development, including residential use, especially important. A major theme of the testimony was housing. OHA argued that Hawaiʻi faces severe affordability pressures, out-migration, and workforce shortages, and said that residential development in Kakaʻako Makai would help address those needs while also supporting the value of the trust lands. The presentation described HCDA’s authority over zoning and development in Kakaʻako, the existing reserved housing requirements, and the need for a master plan that could move forward if SB 534 becomes law. No votes or final committee action were taken in the portion of the hearing provided; the discussion remained in the presentation and testimony phase.
CA
Transcript Highlights:
  • is transferring funds to the General Fund regularly.
  • by $1.1 million General Fund one time and increases that special fund funding by a dollars General Fund
  • funds.
  • Who gets funding? And how do they know about state funding?
  • This proposal aims to reduce local development impact fees on state-funded affordable housing projects
Keywords: 988, house, all
CA

California 2025-2026 Regular Session

Joint Legislative Audit Committee Jun 1st, 2026

Joint Legislative Audit

Transcript Highlights:
  • And item four, Audit 119, Housing and Community Development housing development monitoring, by Assembly
  • housing development monitoring.
  • and Audit 119, Housing and Community Development housing development monitoring by Assembly Member Avila
  • these funds.
  • And then we have funding.
Keywords: 987, senate, all
MN

Minnesota 2025-2026 Regular Session

House Agriculture Finance and Policy Committee 3/9/26

Agriculture Finance and Policy

Transcript Highlights:
  • Once that funding is committed to those faculty, like all of our funding that goes to faculty at the
  • For example, if you look at the list of total funding, there are specific targeted funds in there.
  • and also grant funding.
  • So this appropriation gets transferred to the Ag Fund, and so that fund money will stay there.
  • Is that in the Ag Fund or is that in the university funds? It stayed in the fund.
Bills: HF3692
HI
Transcript Highlights:
  • . fund. fund.
  • have found different innovative ways to bring funding to the table for the vertical development."
  • have found different innovative ways to bring funding to the table for the vertical development."
  • have found different innovative ways to bring funding to the table for the vertical development."
  • Development Support? Development Support?
Keywords: 912, senate, all
Summary: The Committee on Housing, meeting jointly with the Committee on Health and Human Services, heard testimony on Senate Bill 2787, which would expand use of the rental housing revolving fund to provide loans or grants for purchasing rental units, and Senate Bill 2957, which addresses tenant displacement and relocation protections, as well as Senate Bill 2866, which would make the state rent supplement program for kupuna permanent and appropriate funds for it. Testimony on SB 2787 included support from DHHL, HHFDC, AARP Hawaii, and others, while the Attorney General recommended clarifying language and standards for grants, and the Tax Foundation questioned whether grants fit the revolving-fund structure. On SB 2957, supporters including OHA, PACT, medical-legal advocates, and tenant representatives emphasized relocation hardships from the KPT redevelopment, language access, and the need for clearer minimum safeguards; the Attorney General suggested defining “comparable units” and correcting a drafting error. On SB 2866, HPHA, Catholic Charities, AARP, the Executive Office on Aging, and others supported making the kupuna rent supplement program permanent to prevent homelessness among low-income seniors. During discussion on SB 2957, members questioned HPHA and tenant counsel about the KPT low-rise relocation process and what “comparable housing” meant in practice. HPHA said all tenants were relocated, but counsel described disputes over comparability, disability and family-size issues, and at least one offered unit that was not livable. For SB 2787, members questioned DHHL about why it sought funding from the rental housing revolving fund rather than other sources; DHHL said it was still exploring options and had mostly used its funds for infrastructure, with only a small portion used as revolving funds. The chair expressed concern about relying on scarce housing funds and urged more efficient use of DHHL’s existing resources. In decision-making, the committees voted to pass SB 2957 with amendments and SB 2866 with amendments. For SB 2957, the amendments would replace the bill with a working group on tenant displacement and relocation, include a blank appropriation and defective date, and request $75,000 for the working group; the motion was adopted unanimously by the members present, with Senator Favela excused. For SB 2866, the amended version would include a blank appropriation, defective date, and committee report language noting requests for $110,160 for two HPHA public housing specialist positions and $2.16 million for the state rent supplement program; this motion was also adopted, with Senator Favela excused. After the joint hearing adjourned, the committee returned to the housing-only agenda and continued discussion of SB 2787 before moving on to SB 3089, which would amend the down payment loan assistance program for low- and moderate-income first-time homebuyers; testimony on SB 3089 was beginning when the transcript ended.
WV
Transcript Highlights:
  • No, they're funded differently. They're funded differently. Okay. All right. Thank you.
  • No, they're funded differently. They're funded differently. Okay. All right. Thank you.
  • Aerospace Workforce Development Fund.
  • The monies in the Aviation and Aerospace Workforce Development Fund are to be used by the Council for
  • The strike-and-insert amendment changes how that fund is funded.
Keywords: 994, senate, all
KY
Transcript Highlights:
  • We had 91 development fund projects reported received and three development fund program reviews conducted
  • c> fund<00:08:39.760> projects had 91 a development fund projects had 91 a development fund
  • <00:08:42.640> fund<00:08:42.959> program<00:08:43.440> reviews development fund
  • This is going to allow this expansion and funded with development funds.
  • been supported with a development funds. been supported with a development funds.
Summary: The Tobacco Settlement Agreement Fund Oversight Committee met on June 11 but did not have a quorum, so it could not approve the prior minutes. The committee then received a compliance and program update from Brandon Reed and Bill McClowski of the agricultural development board, who said the office is fully staffed, has digitized most records, and has added a Facebook page to share board actions, projects, and compliance work. They also reported that the board and finance corporation continue to operate with strong county-council participation and that the office had completed numerous site visits, program reviews, and project closeouts over the reporting period. The presenters reviewed monthly funding actions from December through May, including board approvals ranging from hundreds of thousands to several million dollars, with a December finance meeting delayed by a snowstorm. They highlighted that the Kentucky Agriculture Finance Corporation now has 57 loans generating more than $2 million per month in payments, and that the revolving loan program has grown to support more than $24 million annually in repayments available for relending. They also noted that 75% of the portfolio is in beginning farmer loans and that the office had recently surpassed 1,000 active loans. Several projects were discussed in detail. These included a grain facility in Callaway County supporting organic corn production for expanding egg-layer operations, a Union County cattle business expansion, a West Liberty Veterinary Clinic project to build a working cattle facility, a Grayson County farmers market project, a Casey County veterinary services project, and a packing warehouse for the Kanye family to support specialty crops. The presenters emphasized that county and state tobacco settlement funds are often combined, sometimes with participation loans, to leverage local investment. They also stressed the importance of supporting greenhouses, farmers markets, specialty crops, and large-animal veterinary services as key agricultural priorities. No votes or formal actions were taken beyond the lack of quorum and the informational presentations.
HI
Transcript Highlights:
  • funding as well.
  • this is funds appropriated General funds this is funds of<00:54:17.599> the<00:54:17.799>
  • It is just not clear to us what the funds are for, but these are federal funds, and federal funds usually
  • Senate Bill 16004, relating to University of Hawaiʻi funds for the development of faculty, staff, teacher
  • of of Hawaii f funds for the development of of Hawaii f funds for the development of Faculty<
Keywords: 912, senate, all
Summary: The hearing covered Senate Bill 426, which would create an early learning apprenticeship grant program. Testimony was overwhelmingly supportive from the City and County of Honolulu, the Department of Human Services, the Executive Office on Early Learning, the University of Hawaiʻi College of Education, the Attorney General’s office, the Early Childhood Action Strategy, Hawaii Children’s Action Network, the University of Hawaiʻi’s early childhood educator project, and a Zoom testifier who described the importance of investing in high-quality early childhood education. Committee discussion focused on the program’s estimated cost, with figures of about $14.5 million in 2025-26 and $15 million in 2026-27, and on whether the program would require ongoing base-budget funding. The committee recommended technical, non-substantive amendments, including a statewide-concern amendment and a deferred effective date, and both committees adopted the recommendation by vote. The committees then heard Senate Bill 1622, which would appropriate funds to establish the Aloha Intelligence Institute within the University of Hawaiʻi to support statewide artificial intelligence initiatives. University representatives described the proposal as the product of campus-wide input and outlined five pillars: governance and policy, outreach and engagement, research and development, workforce development, and AI tools for key sectors such as health care, creative industries, manufacturing, data science, astronomy, and climate change. Members questioned staffing distribution, tuition, enrollment timing, housing, campus placement, and whether positions would be permanent or temporary; the university said it planned about 10 positions across campuses, would start with internal resources, and would house the effort under the Vice President for Research and Innovation initially. The committees recommended an SD1 with the appropriation amounts blanked out, a July 31, 2050 effective date, and committee-report language on housing and West Oʻahu, and the higher education and labor/technology committees adopted the amended recommendation. Finally, the Higher Education Committee took up Senate Bill 1488, a housekeeping measure to consolidate existing University of Hawaiʻi conference center statutes into a single revolving fund structure, and Senate Bill 636, which would fund retention and internship coordinator positions and broader enrollment management efforts at the University of Hawaiʻi at Hilo. SB 1488 drew university support and no opposition. SB 636 prompted substantial questioning about Hilo’s declining enrollment, current retention rate of 72.8 percent, and the scope of the request, which includes not only two named positions but also about $432,000 for enrollment management initiatives such as data analysis, IT support, and other student services. Hilo said it is targeting 3 to 5 percent annual enrollment growth and that the positions would support recruitment, retention, internships, and data-driven enrollment strategy. The committee pressed for a clearer broader plan, but the discussion in the transcript ended before a final vote on SB 636 was shown.
ND

North Dakota 2026 1st Special Session

Agriculture and Water Management Committee Jun 17th, 2026 at 09:00 am

Agriculture and Water Management Committee

Transcript Highlights:
  • So the funding is pretty significant.
  • , ecosystem, workforce development.
  • Thank you. ...all ag technology research and development, ecosystem, workforce development, and projects
  • That gets us into our second funding pathway for a startup seed fund, whereas the R&D is for research
  • We're able to provide the match funding necessary for them to utilize that funding to the best of their
Keywords: 908, all
HI

Hawaii 2025 Regular Session

HRE Public Hearing 03-11-2025

Transcript Highlights:
  • <00:05:39.000> some uh we need to you know develop some uh we need to you know develop some
  • Hawaii to develop a homegrown building Hawaii to develop a homegrown building materials<00:06:32.160>
  • <00:10:28.720> these take a lot longer to develop these take a lot longer to develop these
  • It also requires and appropriates funds for the development and maintenance of the Graduate Outcomes
  • and that's how they fund the tfsf fund and that's how they fund their<00:39:30.040> student<00
Keywords: 912, senate, all
Summary: The Committee on Higher Education met on March 11 and began with House Bill 442, which would appropriate funds to the University of Hawaiʻi system for nursing programs. University of Hawaiʻi representatives testified in strong support, and several additional supporters submitted testimony. Members asked about a similar Senate measure, and the witness confirmed the university supported that bill as well. No opposition or vote was recorded on HB 442 during the excerpt. The committee then heard House Bill 1169, a housekeeping measure concerning the University of Hawaiʻi Conference Center revolving fund. Testimony explained that the bill would consolidate existing Conference Center statutes into one centralized fund statute and allow campuses to use the fund more broadly. Members raised no questions, and no vote was taken in the excerpt. House Bill 185, which would establish a plant-based building materials working group, drew the most discussion. The Department of Agriculture said it supported the intent but wanted baseline research before a larger working group was formed. Supporters argued the measure could help develop a homegrown industry using bamboo, hemp, and other plant materials, create green jobs, and reduce greenhouse gas emissions. Several members questioned whether a formal working group was necessary and whether the work could be done without new legislation. The University of Hawaiʻi later estimated the bill’s requested work would cost about $150,000 over two years to analyze crop options and report findings. The final measure discussed in the excerpt was House Bill 1320, which requires the University of Hawaiʻi to collect, analyze, and publicly report graduate outcome data and develop a Graduate Outcomes Dashboard. University officials said they already use some data sources but lack a dedicated data-visualization specialist and need additional capacity to consolidate and present the information. Members questioned the need for new positions and funding, arguing the university should use existing resources and that students already have many ways to explore careers. Supporters responded that the dashboard would help students and the state better understand postgraduate outcomes, workforce needs, and program value. No final action or vote was shown in the excerpt.
TX

Texas 89th Regular

Appropriations - S/C on Article III Feb 26th, 2025

Appropriations - S/C on Article III

Transcript Highlights:
  • University fund made up of annual earnings from the permanent university fund.
  • First, formula funding.
  • We greatly appreciate the funds dedicated to formula funding and the Texas Research Incentive Program
  • The Constitutional Enhancement Fund is a start-up fund for such programs.
  • That brings me to, you know, a plea about the formula funding and also of the non-formula funding for
Keywords: 1184, house, all
HI

Hawaii 2026 Regular Session

HOU-WLA Public Hearing 02-17-2026

Transcript Highlights:
  • Are you a developer? >> My brother is a developer on this project manager. >> Okay.
  • Are you a developer?
  • Are you<00:21:02.480> a<00:21:02.720> developer? you a developer? you a developer?
  • , You already have a developer, You already have a developer, >> correct?
  • his brother as a developer finished. his brother as a developer finished.
Keywords: 912, senate, all
Summary: The joint hearing covered several housing-related measures. On SB 2068, which would create an affordable housing land inventory task force within the Office of Planning and Sustainable Development to study how to maximize housing on transit-oriented development and other state and county lands, testimony was mostly supportive from agencies and housing groups, with one opposition witness. In response to questions, OPSD said it was already working on a list of potential parcels but could not yet identify unit counts or a timeline, and estimated about $250,000 would be needed for staffing and contractual support. The committees also heard SB 2227 on rental assistance, which would require HPHA to make monthly rent supplement payments, prioritize certain tenants including kupuna, allow agreements with counties and nonprofits, and create a special fund supported by a transaction fee on recordings. HPHA supported the bill, and the Department of the Attorney General said it recommended amending the measure to describe the fee as a tax. Additional testimony included support from elder and community organizations and one opposition witness. For SB 2061, relating to residential condominiums and the 99-year leasehold program, HCDA and the project developer testified in support of amendments intended to preserve owner-occupant requirements while making the project more marketable and financially feasible. Members focused heavily on parking, affordability, and financing. HCDA and the developer said the parking stalls would be unbundled from the units, that the project would be a 99-year leasehold with 60% of units reserved for buyers at or below 140% AMI and 40% market-rate, and that the state’s $15 million equity contribution would cover only part of the parking garage and commercial component. The hearing then moved on to SB 3327, relating to HCDA and complete communities, but the transcript cuts off before that measure was fully discussed.