Transcript Highlights:

• for<00:23:41.000> the State finances Vice chair for the State finances Vice chair for the
• receive state financing 2H projects receive state financing we're<00:31:17.840> seeing<00:31:
• <00:31:41.399> financing projects that don't use State financing projects that don't use State
• Next item is HB 529 relating to State finances.
• to State to State finances finances finances um<01:01:01.799> I<01:01:01.960> recommend

Keywords: 910, house, all

Summary: The House Committee on Housing held a public hearing on a series of housing bills. HB 1432 and HB 1428 drew support from HHFDC, and HB 1428 also received testimony from Hawaiian Community Assets, which said housing counseling funding is needed to meet demand for financial education tied to affordable housing, and that such counseling can help reduce evictions, prevent foreclosure, and stabilize households. HB 833 on community land trusts received broad support from HHFDC, county housing officials, community land trust representatives, and a local developer; testimony emphasized keeping housing affordable in perpetuity, but also asked for clearer access to financing, longer repayment terms, and inclusion of additional land trusts in the bill. Peter Savio argued that community land trusts are the best way to control demand and keep housing tied to local incomes. The committee also heard HB 19 on the Dwelling Unit Revolving Fund, which HHFDC said should be made permanent because the pilot has been successful, with 81 units in the program and $7.4 million of the $10 million allocation already committed. HHFDC said the fund helps stalled for-sale projects by providing state equity that revolved back when homes are sold. HB 529 and HB 432 were also heard; HB 432 would create a subaccount in the rental housing revolving fund for projects above 60% AMI, and HHFDC said this would help finance housing for households at 65% and 80% AMI. The bill drew support from several housing, business, and industry groups. Several other housing measures were discussed with mixed testimony. HB 419 had HHFDC support, Limby Hawaiʻi opposition, and support from the Grassroot Institute and others; members asked about whether councils approve these projects in one or multiple readings. HB 527 and HB 416 also drew a mix of support and opposition, with questions focused on county approval timelines and whether state-financed projects would still go through normal local review. HB 417 on the rental housing revolving fund prompted questions about how it differs from the Dwelling Unit Revolving Fund and whether it should be more flexible for mixed rental and for-sale projects. HB 418’s proposed working group was noted as potentially unnecessary because HHFDC said a public working group was already being formed. HB 1411 on housing preference raised questions about what happens if a recipient changes jobs, and HB 374 drew an Attorney General’s Office recommendation to remove a duration requirement to avoid possible constitutional travel issues. HB 373 and HB 1492 were also heard, with strong testimony from Peter Savio in favor of a broader trust-based model for affordable housing. No votes or final actions were taken during the hearing.

Transcript Highlights:

• financing company active in California and Florida.
• through state-authorized assessment bond financing.
• opt into the program.
• In closing, betterment financing can bring billions in private-sector financing to bear.
• financing, otherwise known as R-PACE.

Keywords: 995, all

Summary: The Joint Committee on Revenue held a hearing on several housing-related bills, with chairs Adrienne Madaro and James Eldridge framing the discussion as part of the Legislature’s broader response to the state’s housing crisis and noting that many of the bills build on the 2024 Affordable Homes Act. The chairs reviewed hearing procedures, including the three-minute oral testimony limit, the option to submit written testimony, and the hybrid format. No votes were taken during the hearing. Testimony began with support for H. 3278, a bill to create a graduated deed excise tax for affordable housing. Representative Worel argued that higher-end real estate transactions should contribute more to fund affordable housing production, saying the measure would not burden working families and would help address racial inequities in homeownership and displacement. Representative Soder then supported H. 3247, which would promote redevelopment of abandoned buildings through expanded tax incentives for renovating vacant properties for sale or rent, arguing that it would bring blighted units back into use and generate future tax revenue. The committee also heard testimony on H. 3040/S. 1969, residential improvement or R-PACE legislation. Robert Giles of Home Run Financing and Nicole Steele of Amalgamated Bank described the program as a voluntary, assessment-based financing tool that could help homeowners pay for energy efficiency, resilience, and other major repairs without upfront costs, and said it could complement existing Mass Save programs while expanding access to more homeowners. In contrast, Judith Lieben of the Massachusetts Law Reform Institute opposed H. 3039/S. 1946, the Housing Development Incentive Program bill, arguing it would expand subsidies for market-rate and luxury housing in Gateway Cities instead of directing resources to low-income renters. Representative Hawkins also testified in support of H. 3121, which would end large investor control of homes in Massachusetts by imposing an excise tax on large owners of small residential properties and using the revenue for first-time homebuyer down payment assistance. After testimony and a few member questions, the chairs asked whether anyone else wished to testify and then adjourned the hearing.

Transcript Highlights:

• Small Business Administration State Trade Expansion Program award.
• And there hasn't been any change to that program. Sorry, Jesse Rowland, Department of Finance.
• We're the largest instrument program in the United States.
• As the Department of Finance mentioned, yes, it is common for state mandates to be suspended.
• As the Department of Finance mentioned, yes, it is common for state mandates to be suspended.

Summary: The subcommittee first heard an informational presentation on the May Revision’s proposed reorganization of the Business, Consumer Services and Housing Agency into separate housing-focused and consumer/business-focused entities. Administration officials said the split would improve oversight, streamline decision-making, and create a dedicated California Housing and Homelessness Agency with a new housing development and finance committee. The Department of Finance said funding was needed in 2025-26 to begin implementation, while the LAO recommended rejecting the proposal without prejudice because the Little Hoover Commission review was still pending and the plan would require ongoing General Fund costs. Members raised concerns about the timing, the lack of alignment with the budget process, and whether the reorganization would improve accountability for homelessness spending; several public witnesses supported the concept but stressed it could not substitute for new housing and homelessness dollars. The committee then took up the Department of Veterans Affairs. CalVet requested funding for phase three of its electronic health care record project and a trailer bill to preserve authority for federal background checks, but the May Revision withdrew requests for deferred maintenance and additional administrative support. The LAO noted deferred maintenance can prevent larger future costs, and the chair criticized the withdrawal of less than $1 million for veterans’ homes as short-sighted given existing repair needs. No vote was taken. Next, the Department of Housing and Community Development presented its budget. HCD said the May Revision provides no new affordable housing or homelessness funding, but does retain existing rounds of funding and proposes a $31.7 million reversion from undersubscribed housing programs. Members from both parties expressed concern about zeroing out ongoing housing and homelessness investments, especially for LIHTC, the Multifamily Housing Program, and HAP. HCD also defended its homelessness accountability and compliance work, saying the unit includes about 30 program staff and six attorneys, with three additional attorneys requested mainly to handle public records and litigation workload. Public commenters largely opposed the lack of new funding and urged continued support for housing and homelessness programs, while some supported the reorganization and accountability efforts. Finally, the committee heard Go-Biz proposals. The administration requested authority to increase funding for a federal trade program match if needed, plus reappropriations for administrative funds tied to the Containerized Ports Interoperability Grant Program, zero-emission vehicle operations, and the Women’s Business Center Enhancement Program. It also proposed withdrawing the Cal Competes grant request and reverting remaining funds from the Performing Arts Equitable Payroll Fund. The LAO said Cal Competes is generally effective but could be cut as a budget solution, while warning that the performing arts fund was close to awards and should be considered carefully. Members objected to pulling back committed funds for performing arts organizations and questioned why the state would withdraw support after applications had already been submitted.

Transcript Highlights:

• C-PACE is only available in states with enabling legislation and active programs.
• of the state's business Finance of the state's business Finance Authority<00:11:55.279> uh
• I'm not a finance guy; I'm an energy guy.
• the cost of fuel for the cost of finance the cost of fuel for the cost of finance and<00:17:22.480
• <00:17:25.959> we're that can bring lowcost Finance we're that can bring lowcost Finance we're

Keywords: 1191, senate, all

Transcript Highlights:

• Jennifer Seeger, I'm the Deputy Director of the State Division or the Division of State Finance.
• Small Business Administration State Trade Expansion Program award.
• Sorry, Jesse Rowland, Department of Finance. There's been no changes to that program. There's what?
• We're the largest instrument program in the United States. We've provided over $3.5 million.
• Are there any additional state staff members that are applied to this program, this California versus

Keywords: 988, house, all

Transcript Highlights:

• At the heart of this bill, we would be replacing the current PCR program with a new public financing
• The Minnesota Civic Fund would be the first statewide public financing program of its kind, putting our
• committee for pursuing avenues to modernize Minnesota's public financing program.
• As with any policy, the details of a public financing program are critical to its success.
• <00:24:28.960> program details of a public financing program details of a public financing

Keywords: 1187, senate, all

Transcript Highlights:

• But the last question that I'll ask is: What are states doing? Do they have programs?
• Just for a few of the top states in their programs, the state of New York, with a GDP of $2.32 trillion
• The state of Delaware actually has declined to use the STEP program.
• the program using their own funds from the Delaware Department of State.
• Under Program 4.0, 1,188 will be filmed up and down the state of California.

Keywords: 988, house, all

Transcript Highlights:

• We do this for our multifamily programs. We do it for our single-family programs.
• We do this for our multifamily programs. We do it for our single-family programs.
• state and territory of the United States state and territory of the United States uh<01:09:18.400
• If we have a program guide and we've issued an RFP, is the program running, or is the program not running
• I thought we had done before that a program or given you direction to start a program to finance the

Keywords: 1187, senate, all

Summary: The Senate Housing and Homelessness Prevention Committee met for an organizational hearing focused on introductions, committee jurisdiction, and a presentation from Minnesota Housing Finance Agency Commissioner Jennifer Ho. Members described their priorities for the session, including addressing HOA issues, senior housing affordability, manufactured housing exploitation, first-time homebuyer access, housing and health connections, homelessness protections, downtown conversions, and expanding starter homes, ADUs, and smaller multifamily housing. Chair Port emphasized bipartisan collaboration and the committee’s focus on removing barriers to housing production and expanding homeownership. A substantial portion of the meeting was devoted to remembering Senator Carrie Dietz, with Chair Port, Senator Draheim, and Commissioner Ho each describing her deep knowledge, behind-the-scenes leadership, and role in major housing accomplishments. They highlighted her work on fire sprinkler requirements in high-rise buildings, rental housing safety, public and nonprofit housing repairs, protections against predatory investors, manufactured and workforce housing, tenant protections, down payment assistance, local affordable housing aid, homelessness services, and the Bring It Home program, which helped pave the way for Minnesota’s rental voucher program. Advocates’ letters honoring her contributions were also made available to members. Committee staff then reviewed the panel’s jurisdiction, including housing and homelessness prevention, Minnesota Housing Finance Agency oversight and budget matters, housing bond allocation authority, housing infrastructure bonds, manufactured housing, rent control, transitional housing, and homeless prevention. Chair Port said the budget overview would be held for a later hearing. Commissioner Ho introduced her staff and outlined Minnesota Housing’s mission as a statewide mission-driven financial institution that finances affordable housing, homeownership, supportive housing, homelessness prevention, and manufactured housing through partnerships with lenders, developers, service providers, tribes, and local governments. No votes or formal legislative actions were taken at this meeting.

Transcript Highlights:

• But I can also say I'm the only individual pretty much in the state, and the Department of Finance and
• What can I say about our State Colonias Program?
• That $300,000 returns to the State Board of Finance. So that's how the law works.
• Once I have an award for a project, unused funds go back to the State Board of Finance.
• Under the state, the SWEDPA programs consist of federal dollars.

Transcript Highlights:

• in Washington State.
• So in our programs, our registered apprenticeship programs in the state of Washington, we don't bring
• And there are some state-registered pre-apprenticeship programs that are actively working to bring, you
• So in our programs, our registered apprenticeship programs in the state of Washington, we don't bring
• And there are some state registered pre-apprenticeship programs that are actively working to bring, you

Summary: The Senate Housing Committee work session focused first on Civic Commons’ “starter home production plan,” a statewide strategy intended to increase production of homes affordable to households roughly between 60% and 120% of area median income. Presenters said the Covenant Home Ownership program will not succeed without more starter homes, and outlined recommendations including a temporary cross-sector crisis task force, a developer network, new financing tools, public seed funding, and a multi-site demonstration program to test off-site construction and standardized designs. Committee members asked about silos in the current system, the role of off-site and modular construction, target income ranges, and where the plan would be most useful. Civic Commons said the plan is meant to be statewide, community-informed, and respectful of local context, with pre-approved plans and standardized approaches for both single-family and multi-unit housing. The Department of Labor and Industries then gave an update on factory-built housing oversight. Officials said residential factory-built structures are a small but important part of their work and described progress in prioritizing residential plan reviews, which they said has reduced review time from months to about two days. They also reported creating a plans examiner supervisor position, moving forward with rules for third-party plan review and inspection, and beginning analysis of national standards from the Modular Building Institute to see whether they align with state code. Committee members and L&I discussed the value of standardized plans, real-time tracking for applicants, and the role of state inspection in reducing local jurisdictional variation. The Washington State Building and Construction Trades Council testified that it supports efforts to reduce permitting delays and increase housing production, but warned against weakening safety standards or labor protections. The labor representatives said prefabrication and modular construction can help if the workforce is protected, wages and apprenticeship opportunities are preserved, and projects use tools such as community workforce agreements. They also raised concerns about wage theft, misclassification, and unlicensed contractors in residential construction, and suggested stronger front-end contractor education or licensing. Committee members responded that the goal is to expand production without sacrificing safety or good jobs. The committee also heard city perspectives on local housing reforms. Olympia described its affordable housing emergency ordinance, which gives qualifying projects priority in the permitting queue, and said success depends on communication among housing staff, planners, engineers, and developers. Walla Walla, an early adopter of middle housing, reported increased ADUs, duplexes, and smaller-lot development after eliminating single-family zoning and expanding tools such as MFTE and ADU flexibility. Des Moines described adopting middle housing and ADU ordinances in June 2025 after a lengthy public process, while Poulsbo described proactive code changes including duplexes on corner lots, unit lot subdivisions, manufactured home protections, expanded ADU allowances, and pre-approved ADU plans shared with neighboring jurisdictions. No votes were taken during the work session.

Transcript Highlights:

• Thank you, Department of Finance. Neal Kishun, Department of Finance: Nothing to add. Okay.
• We looked at options in the state of California.
• They will look at the program. So this is the funding committee. They will look at the program.
• financing on top of the $20 billion.
• And back about the finance...

Keywords: 987, senate, all

Transcript Highlights:

• We also have Ellison Hewitt, who's the principal program budget analyst with the Department of Finance
• Unlike some state and federal programs that operate a queue, SIBTF does not.
• Anyway, my understanding is there's been a model for federal programs and other states.
• Programs and other states. So if you could get that to me, that would be great. Absolutely.
• Not only does our program save the state of California money, but it promotes public safety.

Keywords: 987, senate, all

Transcript Highlights:

• We do report quarterly to the State Board of Finance, and I think that's actually going to be moving
• The 2 primary statutes are the New Mexico Finance Authority Act, which governs our public programming
• Finance Act, which oversees our economic development programs.
• That's a requirement you'll see in all the finance authorities' programs if we're offering state or subsidized
• Chairman, in the Opportunity Enterprise Program, the Finance Authority covers those costs.

Transcript Highlights:

• EPSCoR is the Established Program to Stimulate Competitive Research and is a program started by the National
• of the Department of Finance and Administration and the Director of the Legislative Finance Committee
• , providing for program administration by the New Mexico Mortgage Finance Authority, providing loans
• House Bill 168 continues: creating the New Homes for New Mexico program, providing for program administration
• An act relating to financing of highway projects, providing for additional bonding authority to the State

Keywords: 996, all

Transcript Highlights:

• and federal funding programs and our Office of Manufacturing through our traditional state and federal
• In looking at our state programs, those that receive funding through this body, through the legislature
• Chair, Senator, if the state impact happened, then we'd have to cut those programs.
• In my business, I work extensively with state housing finance agencies all over the country.
• We also work with almost every housing finance agency in those states.

Keywords: 1182, all

Transcript Highlights:

• Um, and this aggregation programs.
• hold it in finance? hold it in finance?
• <00:30:15.279> A financed on multi-year schedules. A financed on multi-year schedules.
• <00:30:27.840> financing<00:30:28.399> costs, customers see higher financing costs,
• Um I know there's uh programs.

Keywords: 1191, senate, all

Transcript Highlights:

• Most of the context for school finance is going to be here at the state legislature.
• Finance is going to be here at the state Finance is going to be here at the state legislature<00
• But the two big changes for the meals program, the state put in place the school meals for all program
• /c><00:37:33.400> put<00:37:33.599> in meals program the state uh uh put in meals program
• <01:26:47.840> Nature state doesn't set the the program Nature state doesn't set the the program

Keywords: 1183, house

Summary: The committee first approved the January 21st minutes by voice vote. Members then resumed a school finance overview focused on how Minnesota’s “base” budgeting system works and how future committee targets are set above or below that base by the Ways and Means chair, in consultation with fiscal staff. Staff emphasized that school funding decisions are tied to the state budget base and that changes made by the tax committee can affect school levies and school finance more broadly. The presentation then turned to property tax fundamentals. Staff explained that roughly 65% of school district revenue comes from state aid and about 20% from property taxes, with property tax revenue applying to school districts rather than charter schools. They reviewed the two main school tax bases—referendum market value and adjusted net tax capacity—along with class rates, sales ratios, and equalization. They also described tax credits, especially the school building bond agricultural credit, which helps reduce the property tax burden on agricultural land in Greater Minnesota. Members discussed student choice programs and how funding follows students. In response to questions from Representative Quam, staff explained postsecondary enrollment options (including direct enrollment and College in the Schools) and online learning, noting that funding generally follows the student to the serving institution or district. Staff also reviewed Minnesota’s pupil-counting system, including average daily membership and pupil weighting, and explained that students attending charter schools, other districts through open enrollment, or online programs are counted where they are served. The presentation concluded with broader school finance context: funding sources, equity and adequacy goals, constitutional and statutory authority, and the state’s school data systems (EUP/FARS, MARS, and STARS). Staff also began reviewing long-term enrollment trends, noting the impact of the baby boom, later growth from the mid-1980s through about 2000, and projected modest declines in public school enrollment through 2029.

Transcript Highlights:

• FFA state convention is going on. A lot of our interns are at the state conventions.
• Um she is with our finance corporation. Um she is with our finance corporation.
• Corporation, our revolving loan Finance Corporation, our revolving loan program<00:10:31.279> that
• state money as a be state money and even state money as a participation<00:14:04.880> loan.
• through the Kentucky uh loan program through the Kentucky Agriculture<00:18:08.640> Finance<00

Keywords: Meeting Start 00:00 Attendance Roll Call 00:18 KOAP Report 00:58 Approval of Minutes 53:58, 958, all

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.

Transcript Highlights:

• As a housing development act, which has among its program purview, the housing development finance for
• The Finance Authority Act, and we have about seven of our programs that are authorized through that act
• And we do require guarantees; all of the finance authority programs for private entities require personal
• The bonds are issued and sold by the State Board of Finance.
• supporting the pre-K programs across the state of New Mexico.

Transcript Highlights:

• And when I attended my first national council state finance programs, represented back in 2001, we were
• a finance programs repres represented a finance programs repres represented bor<00:06:47.360>
• <00:13:14.480> program when we started the egg finance program when we started the egg finance
• the agriculture finance pro program with the agriculture finance pro program with the loans.<00:
• regulated programs throughout the state. regulated programs throughout the state.

Keywords: Meeting Start 00:00:00 Attendance Roll Call 00:00:09 Approval of Minutes 00:00:48 KOAP Report 00:01:09 Update from CHFS 00:20:27, 958, all

Summary: The meeting opened with a quorum, approval of the September 18, 2025 minutes, and a staff update on recent tobacco settlement-funded agriculture activities. The agriculture side highlighted Commissioner Shell’s outreach, including school visits, farm visits, and speaking engagements in Kentucky and a trip to Tennessee to discuss program models. A representative also described a national conference in Iowa, where Kentucky’s agriculture finance program was praised as a $180 million loan program built with tobacco settlement funds. The board noted September approvals totaling $950,000 for the agriculture development board and $3.3 million for the finance corporation, along with staff activity such as site visits, program closures, and project reports. The board also announced that the KKMP report covering 2015-2022 would be distributed and that the annual report, marking the program’s 25th anniversary, was being prepared. The board then reviewed two featured projects. The Organic Association of Kentucky requested $425,000 for organic producer support, but the board approved only one year of funding at $29,000, with members noting concern about recurring applicants and the need to evaluate long-term funding. The second project, by Joseph Dale Bentley in Lewis County, sought $51,300 to expand a small ruminant facility for goat production and export. Members were particularly interested because the project was already operating and creating market opportunities for Kentucky goat producers; the board approved half the project cost to help expand infrastructure and potentially allow quarantining on site. The cabinet then presented its annual update on tobacco settlement fund use in public health. Julie Brooks, Sarah Johnson, and Andrea Day reported on the HANS home visitation program, tobacco prevention and cessation efforts, lung cancer screening, and early childhood oral health. HANS served more families in FY25, rising from 6,293 to 6,715, and increased services from 139,943 to over 143,000. Tobacco prevention and cessation programs continued to support Quit Now Kentucky and My Life, My Quit, though officials noted federal uncertainty and the loss of federal tobacco control infrastructure. They also reported a slight decline in student outreach and cessation requests, but continued demand from schools and communities for vaping and nicotine prevention support. Lung cancer screening expanded to 55 screens, with Kentucky cited as a model for other states due to improved incidence, survival, and early detection rates. Early oral health efforts continued through local health departments, with more trainings for public health nurses, continued varnish kits, and expanded support for dental graduates and hygiene teams.