Transcript Highlights:

• We do all the bonding of the information of the loans that we have.
• The one loan that we've done so far has been about three and a half.
• and then the loan will serve as the gap financing for that.
• so that we could close on the NMFA loan.
• Why not have it be just that language of the payback of the loan?

Committee: House House Rural Development, Land Grants And Cultural Affairs

Transcript Highlights:

• We enhanced student loan borrower protection and much more.
• who were who were got stated loans who were who were got stated income<00:03:07.480><c> loans</c><00
• It is not something people decide to do like a business loan or a car loan.
• </c><00:12:34.839><c> servicers</c> it ensures that student loan servicers it ensures that student loan
• </c> really going to hurt student loan really going to hurt student loan borrowers<00:18:16.720><c> does

Transcript Highlights:

• to share my support for additional bonding authority for the RFA because they're beginning farmer loan
• The RFA beginning farmer loan program helped us kind of fill the gap there.
• program which was beginning farmer Loan program which was one<00:04:24.400><c> of</c><00:04:24.520><
• </c> Federal uh beginning farmer loans Federal uh beginning farmer loans through<00:04:35.160><c> the
• The RFA's loan programs, including the beginning farmer loan program and restructuring loan program,

Transcript Highlights:

• She explained that the New Hampshire Community Loan Fund is a nonprofit lender that provides loans to
• </c> from the New Hampshire Community Loan from the New Hampshire Community Loan Fund<00:58:20.160><c
• provides loans to nonprofit lender that provides loans to individuals<00:58:47.680><c> and</c><00:58
• </c> so as has been stated um a housing loan so as has been stated um a housing loan guarantee<01:00:
• > under</c><01:05:02.760><c> this</c> loan guar loans guaranteed under this loan guar loans guaranteed

Committee: Senate Commerce

Transcript Highlights:

• The RFA recommends that loan minimums be established on all RFA bond-funded loan programs at $50,000
• making loans to Minnesota farmers.
• , Agricultural Improvement Loan Program, Livestock Expansion Loan Program, and the restructured 2 Loan
• </c> Loan program seller sponsored Loan Loan program seller sponsored Loan program<00:41:11.640><c> a
• :41:14.760><c> 2</c><00:41:14.960><c> Loan</c> restructured 2 Loan restructured 2 Loan program<00:41:

Bills: HF1063

Committee: House Agriculture Finance and Policy

Transcript Highlights:

• We don't need more loans.
• We don't need more loans.
• We don't need more loans.
• We don't need more loans.
• We don't need more loans.

Transcript Highlights:

• One's a general fund loan, one moved from a general fund loan to an iBank loan consistent with statute
• Loans aren't free.
• We should not be funding or paying for a loan, but we also should not be making any money off of a loan
• I left and We added to the loan to get another smaller loan.
• Because we only have six years left in this loan to pay this loan.

Committee: House Education

Transcript Highlights:

• But it was a loan. It was a loan and now it's a grant. For 20 last year.
• But it was a loan. It was a loan and now it's a grant. For 20 last year.
• But it was a loan. It was a loan and now it's a grant.
• a loan out.
• a loan out.

Committee: Senate Finance

Transcript Highlights:

• Sorry, I said the loan. Oh, okay. The loan reverts back to the state.
• loan fund.
• any other loan?
• It would be, I'm sorry, this loan would be a secondary lien, secondary loan. Yes.
• And I don't I'm sorry, this loan would be a secondary loan. Yes.

Bills: SB273 , SB37 , SB100

Summary: The Senate convened on the 30th day of the 2026 session, established a quorum, heard an invocation from Chaplain Harry Eberts, and received several announcements and House messages. The chamber then took up multiple concurrence and third-reading items, including Senate Bill 273, Senate Bill 37, Senate Bill 100, Senate Bill 41, House Bill 34, House Bill 20, House Bill 43, House Bill 38, and House Bill 256. The body also heard that House Joint Memorial 2 was moved from the President’s table to the calendar, and later received messages from the House on several other Senate and House measures. The most contentious action was concurrence on Senate Bill 273, which concerns correction facility loss of revenue for counties affected by the loss of ICE detainees. Senators debated the economic impact on Torrance, Otero, and Cibola counties, with supporters arguing the bill provided partial relief and critics saying it did not come close to replacing lost jobs and revenue. The Senate ultimately concurred with the House amendments by a vote of 22-18. On Senate Bill 100, which would have expanded burglary-related definitions to include an “extension of a dwelling,” several senators argued the House language was too broad and legally vague, and the Senate voted not to concur, sending the bill back to the House. Senate Bill 41, with a technical correction and addition of second-degree criminal sexual penetration, was concurred with by voice vote. Among the bills passed on third reading, House Bill 34 updated school nurse licensure rules and supervision pathways and passed 38-0. House Bill 43, a PERA cleanup bill, clarified retirement and survivor-benefit provisions, and passed 39-0 after questions about whether it affected PERA’s unfunded liability; sponsors said it did not. House Bill 38 expanded insurance coverage for powered mobility devices and prosthetics, including coverage for batteries and in-state provider requirements, and passed 38-0. House Bill 256 expanded cardiac emergency response planning and AED requirements to athletic activities and schools, including private schools on a phased-in basis, and was debated over cost and scope before passing. House Bill 20, which would allow Native American designation on driver’s licenses and IDs, prompted extended discussion about tribal support, documentation, and possible profiling concerns; the transcript cuts off before final disposition of that bill.

Transcript Highlights:

• to invest or purchase mortgage loans with lenders and make loans or deposits with lenders, the commission
• may make mortgage loans to borrowers.
• Loans must be issued at a below-market interest rate above 1%.
• “So presumably they would be paying off this loan with another mortgage after that, right?”
• , but being a part of the construction loan.

Summary: The committee heard Senate Bill 6026, which would require cities and counties planning under the Growth Management Act with populations of 30,000 or more to allow residential uses in commercial and mixed-use zones and bar local governments from requiring ground-floor commercial or retail as a condition of housing approval, with exemptions for certain sensitive areas and a carve-out for transit-oriented development station areas. The prime sponsor, Senator Alvarado, and supporters from the governor’s office, Commerce, housing advocates, developers, and major employers argued the bill would unlock underused land, reduce costs, and help address the state’s housing shortage. Opponents and local government representatives from small towns, counties, and cities said the bill could harm commercial corridors, small businesses, tax base stability, and local planning flexibility, and asked for narrower exemptions or additional carve-outs. No vote was taken on SB 6026 during the hearing. The committee then held executive action on Senate Bill 5937 and Senate Bill 5938. SB 5937, dealing with smart access systems and tenant privacy, was amended to clarify that keypad-only entry is not covered, require written privacy policies within five days of installation, and add operational purposes to allowable data collection; the committee adopted the amendment and advanced the bill with a due pass recommendation. SB 5938, which changes the foreclosure prevention fee and directs a Commerce study on a state homeowner assistance fund, was also amended to extend the study deadline and related expiration date; the committee adopted the amendment and moved the bill forward with a due pass recommendation. The committee then heard Senate Bill 6018, which would expand and modernize the Washington State Housing Finance Commission’s authority, including allowing direct mortgage lending to borrowers, extending bond counsel selection cycles, removing advance notice requirements for bond issuance, and repealing an outdated housing finance plan/program. The sponsor and the commission said the bill would improve efficiency and create new financing tools for affordable housing, while banking groups said they supported the goal but wanted clearer limits to ensure the commission would not enter first-mortgage lending for homebuyers. The sponsor and commission said they would work on clarifying language. Finally, the committee heard Senate Bill 6027 and Senate Bill 6028. SB 6027 would expand the use of local housing sales taxes and the Affordable Housing for All account to support operations, maintenance, rehabilitation, and preservation of existing affordable housing, update REET exemption timing, and align the definition of emergency housing with the Growth Management Act; local governments, housing providers, and advocates strongly supported the bill as a way to preserve existing housing amid rising costs and federal funding uncertainty. SB 6028 would create a revolving loan fund administered by the Housing Finance Commission to finance mixed-income affordable homeownership projects with long-term affordability covenants; the sponsor said it would help builders who have entitled sites but face high capital costs, and the hearing began with staff briefing and sponsor testimony, with questions from members starting as the transcript ended.

Transcript Highlights:

• . its disaster loan account, resulting in a shortfall lasting 66 days.
• The SBA itself provided. at hundreds of millions of dollars in loans to help Lahaina recover.
• He relied on SBA support, loans in particular, to help him grow his business.
• Because let's face it, the 7(a) loan program, the bread-and-butter loans, That small businesses use to
• To SBA expanding access to resources and loans to non-profits.

Committee: Senate Small Business and Entrepreneurship Committee

Transcript Highlights:

• I think there should be transparency if people are loaning themselves money.
• I think there should be transparency if people are loaning themselves money.
• My concern is the seven-day reporting period on a personal loan.
• I have never loaned my campaign account any money. I did not know that.
• The idea that somehow that is a loan, I will expect to be reimbursed, whether it's $5 or... ...is a loan

Transcript Highlights:

• On line 17, the Senate accepts the House offer to eliminate ongoing funding for the student loan debt
• On line 17, the Senate accepts the House offer to eliminate ongoing funding for the student loan debt
• On line 17, the Senate accepts the House offer to eliminate ongoing funding for the student loan debt
• On line 17, the Senate accepts the House offer to eliminate ongoing funding for the student loan debt
• </c><00:03:57.120><c> repayment</c> for the teacher shortage loan repayment for the teacher shortage

Transcript Highlights:

• eligible small businesses with low interest loans to assist in covering operational costs as a result
• loans to assist in covering operational costs as a result of significant and verifiable disruption to
• Originally, when we filed the bill, the bill included low-interest loans and it also included grants.
• >> So let me answer 2 parts first with that scenario, qualify for low-interest loan under our bill.
• Now, granted, you're going to pay higher interest rates, but that loan is very easy to come by.

Transcript Highlights:

• The proposed substitute modifies the authorization for the commission to make mortgage loans directly
• to borrowers by specifying that the commission's authority to make these loans does not... ...loans
• loans or mortgage loans for owner-occupied residential home purchases or refinancing, except for certain
• down-payment assistance loans.
• I appreciate the residential loan component being taken out.

Summary: The House Housing Committee met to executive several bills, with staff outlining proposed substitutes and key changes before members took a caucus break. House Bill 1974, the land bank bill, was described as removing several original provisions such as county authorization requirements, advisory boards, planning strategies, annual audits, surplus-property prioritization, and a grant program, while adding annual reporting and a real estate excise tax exemption. House Bill 2118, which would limit common interest community associations from imposing more restrictive use covenants than those in place when a unit was acquired, had no amendments but was not moved forward at this time. House Bill 2236, dealing with Housing Finance Commission authority, was explained as clarifying that the commission may not act as a retail mortgage lender or make loans for owner-occupied home purchases or refinancing, except for certain down-payment assistance loans, while adding an intent section to emphasize that the commission is not meant to compete with private lenders. Members debated whether removing language about using public funds could create taxpayer risk or a de facto state bank, but supporters said the changes modernize outdated law and clarify the commission’s role. House Bill 2269, concerning middle housing and on-site sewage systems in LAMIRDs, would restore broader county authority for middle housing in LAMIRDs while limiting sewage-system options based on whether the county is rural or non-rural. The committee voted to report House Bill 1974 out with a due pass recommendation by a 10-7 vote, with several members opposing or voting without recommendation over tax concerns. House Bill 2236 also passed out of committee with a due pass recommendation by a 13-4 vote after similar debate over public-funds language. House Bill 2269 passed unanimously by voice vote, and the committee adjourned after completing its executive action.

Transcript Highlights:

• Subsection B-3 states that when the Texas Department of Transportation approves the loan or grant, the
• This would correct the use of appropriations to establish the revolving loan program.
• The Texas Department of Transportation approves the loan or grant.
• This would... correct the use of appropriations to establish the revolving loan program.
• There is a cap of $10 million on the revolving loan program.

Bills: HB483 , HB3345 , HB3643 , HB3821 , HB3849 , HB4472 , HB4523 , HB4524 , HB5346 , HB5347 , HB5376

Committee: House S/C on Transportation Funding

Keywords: high-speed rail, Texas Department of Transportation, TxDOT, public-private partnership, comprehensive development agreement, CDA, Interstate 35, I-35 corridor, Dallas, Waco, Austin, San Antonio, intercity passenger rail, rail infrastructure, private entity, transportation infrastructure, rail corridor, passenger rail, infrastructure finance, vehicle registration

Transcript Highlights:

• Sorry, I said the loan. Oh, okay. The loan reverts back to the state. And is it...
• loan fund.
• for the loan. Mr.
• So, there might be other loans. Will the state's loan be the first mortgage?
• It would be, I'm sorry, this loan would be a secondary lien, secondary loan. Yes.

Bills: SB273 , SB37 , SB100

Keywords: SB273, appropriations, general fund, hold harmless, local government finance, municipal revenue, county revenue, correctional facility, jail contract, private prison, detention facility, immigration detention, revenue bonds, clawback, child welfare, juvenile justice, protective services, school improvement, New MexiCare, aging services

Transcript Highlights:

• </c><00:07:34.199><c> we</c> administer the Minnesota self loan we administer the Minnesota self loan
• </c><00:10:24.160><c> uh</c> self loan which is also a self loan uh self loan which is also a self loan
• as well as our self-loan program.
• provides student loan repayment program provides student loan repayment<01:08:25.199><c> assist</c><
• In fiscal year 24, Self Loan had made 5,741 loans, to the tune of $6.5 million.

Committee: Senate Higher Education

Transcript Highlights:

• </c> Authority to present three uh water loan Authority to present three uh water loan requirements<00
• This will be a 20-year loan with a PBC.
• This will bring the total loan amount to $2,34,263.
• The loan term remains a 20-year loan with a 2% interest rate, and the increase was approved at the April
• The loan term remains a 20-year loan with a 2% interest rate, and the increase was approved at the April

Summary: The committee first approved the February minutes and noted there had been no March meeting. Staff then provided a series of information items, including quarterly capital project status reports from state agencies and postsecondary institutions, a University of Kentucky equipment purchase report, notice that the committee took no action on certain March transactions, school district debt notices for Fayette and Jessamine counties, lease-space advertisements due to building conditions, a Kentucky Asset/Liability Commission report, and asset preservation project reports from KCTCS and Eastern Kentucky University. The committee then heard and unanimously approved Murray State University’s request for interim authorization to use institutional revenues for a $1.5 million roof replacement at the Curs Center student center. University of Kentucky also received unanimous approval for a $115 million public-private partnership project to expand Parking Structure 7 and the Johnson Center recreation space; testimony emphasized the loss of parking from hospital expansion, increased student enrollment, a planned $21 per semester recreation fee increase, and the goal of improving student retention and campus capacity. Next, the committee received a report on a Kentucky State Police Post 11 renovation in London funded at $1.138 million, with members asking how long the repairs would extend the building’s useful life; KSP said the work was a long-term investment and replacement was still many years away. The committee also approved multiple real property lease actions, including a new CHFS lease in Scott County, several lease renewals for the Commonwealth’s Attorney, CHFS, Transportation Cabinet, and a Secretary of State relocation lease tied to a capital renovation project. Members questioned one Jefferson County lease rate and the witness said it had been in place since 2007. Finally, the Kentucky Infrastructure Authority presented three water loan items, which were rolled and then approved: an $841,383 East Clark County Water District loan for waterline upgrades, a roughly $6.13 million Oldham County Water District loan for US 42 improvements, and a $619,180 increase for Canonsburg Water District’s Schopes Road project due to higher-than-expected bids. The committee then approved eight K-12 school facility issuances, including projects in Clinton, Franklin, Fulton, Lincoln, McLean, Paris, Somerset, and Spencer counties, covering early childhood, new school construction, HVAC, energy conservation, and renovations. The meeting ended with notice of the next meeting date and adjournment.

Transcript Highlights:

• It's a shared appreciation loan program that provides loans for down payment to qualified homebuyers.
• Most of our projects require land loans, backed by construction loans, with equity partners and other
• Most of our projects require land loans, backed by construction loans, with equity partners and other
• Most of our project require land loans, backed by construction loans, with equity partners and other
• , it messed up the takeout loans.

Summary: The Assembly Select Committee on Housing Finance and Affordability held its first hearing of 2025 to examine how California finances affordable housing and homeownership. Co-chairs opened by describing the state’s severe housing shortage, high costs, and the need for the committee to identify practical recommendations. Panelists from the California Housing Partnership, the Business, Consumer Services and Housing Agency, the Treasurer’s housing finance committees, CalHFA, and Related discussed the layered financing structure used for affordable housing, including federal low-income housing tax credits, tax-exempt bonds, state subsidies, local funds, and rental assistance. Witnesses emphasized that affordable housing projects typically require multiple funding sources and that the system is often slowed by complex applications, overlapping rules, and too many layers of financing. Several speakers noted recent federal changes that expanded the 9% and 4% tax credit programs, including a lower bond-financing threshold for 4% credits, which should allow more projects to move forward. State officials also highlighted ongoing efforts to streamline the system, including the SuperNOFA, AB 519’s one-stop-shop working group, and the planned California Housing and Homeless Agency, which is intended to align housing, homelessness, and civil rights functions. CalHFA described its homeownership and multifamily programs, including My Home, Dream For All, Cal Assist Mortgage Fund, and the Mixed Income Program, and said its financing tools help first-time buyers and developers. Related and other housing providers said the state has made real progress through land-use reform, accountability enforcement, and faster tax credit allocation, but argued that funding remains far below need. They called for more state and permanent funding sources, more efficient administration, more support for ADU and modular financing, and better attention to deeper affordability, the “missing middle,” and equity impacts on renters, women, and communities of color. The hearing was informational only; no votes or formal actions were taken.