Transcript Highlights:

• They require soft loans.
• They require soft loans.
• We don't have rehabilitation loans, right?
• And dispersing loan funds during construction.
• This is because HCD loans are structured as permanent financing, long-term loans, meaning the money doesn't

Summary: The committee heard testimony on several housing-related proposals and policy ideas. One speaker urged changes to the welfare property tax exemption for affordable housing, arguing that annual income recertifications are outdated and burdensome, and proposing a one-time qualification at move-in, streamlined monitoring through TCAC or HCD, and continued exemption protection for projects that remain in compliance. The witness said rising insurance costs and administrative burdens are hurting cash flow and threatening the viability of affordable housing operations. A major portion of the meeting focused on social housing and the SB 555 study. HCD described its ongoing study process, including public engagement with residents, practitioners, and experts, and noted that California already has many building blocks for social housing, such as public land tools, long-term affordability mechanisms, community land trusts, and tenant protections. Community land trust and housing policy witnesses argued that social housing will require legislative action, expanded public subsidy, tax abatements, public land, and simplified financing, and they emphasized the need to reframe the concept for the “missing middle” and middle-class households to build broader political support. Committee members discussed stigma around “social housing,” the need for a rebrand, and the possibility of a pilot program, especially on excess public land. The committee also heard a proposal for a certified professional plan-check system modeled on Vancouver, Canada. The presenter said California’s permitting delays, inconsistent reviews, and staffing shortages add cost and uncertainty even for streamlined projects, and proposed allowing state-certified private professionals to perform plan checks and inspections under state oversight while local governments retain zoning and enforcement authority. Members discussed local control concerns, infrastructure costs, and the need to reduce delays and uncertainty in the entitlement process. Finally, the committee heard testimony supporting changes to HCD loan disbursement so funds can be used during construction rather than only after completion. Witnesses said this would reduce interest costs, improve feasibility, and could produce additional affordable homes with existing funding. The discussion also referenced AB 1053 as the vehicle for implementing that approach.

Transcript Highlights:

• How we restructuring in the program has a social impact that ILLG's did not specify in ERS, right?
• SECO has been allocated funds from the DOE for a state energy plan, for a revolving loan fund, and also

Bills: SB1, SB 1

Keywords: appropriations, budget, state funding, education, healthcare, infrastructure, campground safety, youth camp regulations, flood safety, emergency evacuation, health and safety standards, 1185, senate, all

Transcript Highlights:

• <00:31:59.120> It payment loan assistance program. It payment loan assistance program.
• the value of the loan?
• permanent loan. permanent loan.
• down payment loan only. down payment loan only.
• soft second loan. soft second loan. >> Okay. >> Okay. >> Okay.

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.

Transcript Highlights:

• And when there is a loan on the vehicle, this bill eliminates the tax owed on the loan amount.
• And when there is a loan on the vehicle, this bill eliminates the tax owed on the loan amount.
• And when there is a loan on the vehicle, this bill eliminates the tax owed on the loan amount.
• And when there is a loan on the vehicle, this bill eliminates the tax owed on the loan amount.
• And when there is a loan on the vehicle, this bill eliminates the tax owed on the loan amount.

Bills: SF0058, SF0061, SF0095, SF0107

Keywords: Indian child welfare, tribal relations, sunset repeal, Wyoming law, child custody, sales tax, motor vehicle, family transfer, tax exemption, Wyoming legislation, driver's license, motor vehicle services, third-party providers, Wyoming, regulatory compliance, registration, license plate, electronic system, State Department of Transportation, county treasurers

Transcript Highlights:

• through the loan pool as well as traditional bank loans.
• And then my second question had to do with forgivable loans. Are all of these forgivable loans?
• through the loan pool as well as traditional bank loans.
• through the loan pool as well as traditional bank loans.
• cases loans would be repaid.

Keywords: 1187, senate, all

Transcript Highlights:

• What will happen in this program is this will be a low-interest loan for eligible projects.
• Uh, the SMPDD will actually handle the loans.
• They already have that in place, and so that can be used for this revolving loan fund. Right.
• The Ports Airport Rail Revolving Loan Fund is $5 million.
• The GCRF Loan Revolving Loan Program Fund is $14,729,000.

Keywords: MS Senate Floor - 2 April, 2026; 10:00 AM, 925, all

Transcript Highlights:

• We are certain that we won't need an additional loan.
• And so we will have to pay back that loan. Is this allocation paying back that loan?
• This allocation is not paying back that loan.
• They would then have ability to loan that out again.
• They would then have ability to loan that out again.

Summary: The Assembly Budget Committee held an informational hearing on SB 100/AB 100, the early action budget bills, with a focus on Medi-Cal funding, wildfire recovery, and several smaller budget adjustments. The Department of Finance explained that the bill would add $2.8 billion General Fund and $8.3 billion federal funds for Medi-Cal, along with other items including wildfire-related local assistance for Los Angeles County, property tax backfills for fire-damaged local agencies, Cal OES wildfire monitoring authority, nonprofit security grants, the Property Tax Postponement Fund, FARMER and Clean Cars for All funding, foster family home insurance claims, Proposition 98 technical assistance for LA wildfire-impacted schools, teacher credentialing authority, and Proposition 4 climate bond appropriations for wildfire and forest resilience projects. Much of the member discussion centered on rising Medi-Cal costs, the recent $3.4 billion cash-flow loan, and whether the new appropriation would cover payments through June. Finance said the new funds were for program costs and cash flow, not repayment of the loan, and that no additional loan authority remained. Members also debated the causes of higher Medi-Cal spending, including expanded eligibility, higher enrollment, pharmacy costs, and federal policy changes. The LAO noted that forecasting errors are not unusual but that current revisions are somewhat higher than typical, though not unprecedented. Several members emphasized that Medi-Cal supports access to care and hospital stability, while others raised concerns about sustainability and future federal cuts. Public commenters largely supported the bill, especially the Medi-Cal funding and wildfire-related provisions. Health and labor advocates argued that the program is functioning as intended by covering more low-income Californians and preventing uncompensated care. Representatives of special districts and the Altadena Library District supported the property tax backfill provisions tied to the Eaton fire. The hearing ended without a vote, with the chair noting that the committee would adjourn for floor session and that the Assembly would vote on one of the early action bills later that morning.

Transcript Highlights:

• Those loans are called revolving loan funds, and so that is the point: we lend out to the community,
• Those loans are called revolving loan funds, and so that is the point: we lend out to the community,
• They go through a loan review committee process, but we do take on very high-risk loan clients that would
• Post-loan, once they are approved and we disperse the loan payment, we also provide technical assistance
• Post-loan, once they are approved and we disperse the loan payment, we also provide technical assistance

Keywords: 1183, house

Transcript Highlights:

• will bring the total loan amount to just over 2.88 million dollars.
• This 30-year loan has remain the same.
• Williams: Yes, Madam Chair, the one loan and five grants. Okay. One, two.
• They were approved by CEDFA for a $1 million forgivable loan utilizing EDF closing funds.
• No repayments will be required on this forgivable loan until year six of the loan agreement.

Keywords: The live stream ended prematurely due to a network issue. A full recording will be uploaded as soon as possible, 958, all

Summary: The committee first discussed and approved a new airport-related project involving two 60-by-80 corporate hangars. Members asked about how the project would generate revenue, and staff explained that hangar rent and fuel sales would help repay the costs, with more than half of the funding coming from the FAA. The project was approved by roll call vote. The committee then approved two large capital pool projects: a $1,715,120 roof replacement and skylight project for the Libraries and Archives building in Frankfort, and a $2,105,400 exterior renovation project for several state buildings, including Health and Family Services, the Kentucky History Center, and the State Office Building. After that, the Kentucky Infrastructure Authority presented one loan increase and five grant reallocations. The loan increase was for Springfield’s wastewater treatment plant project, rising by $262,300 to just over $2.88 million because bids came in higher than estimated. Members asked about the delay between approval and bidding, and staff explained the design, environmental review, and state approval process can take one to two years. The committee approved the six action items, and then received informational updates on additional water projects that required no action. The Cabinet for Economic Development next presented one forgivable loan and 11 KPDI/KPDI EDF grant projects. The loan was a $1 million forgivable loan for the Perry County Economic Development Board to acquire the Coalfields Industrial Building, with repayment forgivable if a project creates at least 75 jobs. The grant projects included site-readiness and industrial development work in Pendleton, Elizabethtown/Hardin, McCreary, Floyd, Marion, Fleming, Graves, Eddyville/Lyon, Caldwell, Mercer, and Johnson counties. Members asked how local match percentages are set and were told they are based on county population and updated every two years; staff also explained that beneficiaries usually provide the match and are reimbursed after submitting costs. The committee approved the action items. Finally, the Office of Financial Management presented two new debt issues and three SFCC debt issues. The new debt items were a Kentucky Housing Corporation bond authorization of up to $600 million for single-family mortgage revenue bonds, including a $100 million initial transaction, and a $5.5 million multifamily conduit bond for 98 apartments in Lexington. Informational items covered University of Kentucky refunding bonds and Turnpike Authority refunding bonds, both of which produced savings. The three SFCC debt issues for Campbell, Edmonson, and Perry counties were then approved by roll call vote. The meeting ended with brief discussion of the upcoming calendar and scheduling before adjournment.

Transcript Highlights:

• Regional Water Commission's Fund F loan Regional Water Commission's Fund F loan increase<00:42:58.120
• >> Loan. >> It's a straight loan, except that we will be able to invest what we're not using.
• The dollar figure of the loan? The dollar figure of the loan?
• necessitating the $95 million loan? necessitating the $95 million loan?
• How long is the loan slated for?" "One year."

Keywords: 0:00:01 Call to Order and Roll Call 0:00:28 Approval of Minutes 0:00:40 Information Items 0:01:13 Rpt from Postsecondary Institutions 0:26:46 Project Rpt from Finance and Admin Cabinet 0:30:53 Lease Rpt from Finance and Admin Cabinet 0:39:20 Rpt from OFM – KIA 0:52:42 Econ Development – EDF Grants 0:55:15 OFM Debt Issues 0:58:43 Informational Discussion 1:44:36 Adjournment, 958, all

Summary: The committee first handled routine business, including a quorum call, approval of minutes, and informational items on school district financing and KCTCS equipment purchases. It then considered two KCTCS capital projects after initially rolling them together and later unrolling them: a Fire Commission Fire Academy maintenance building project that had grown from an original $2 million authorization to $4.7 million because of design changes, soil issues, and higher mechanical costs, and a $1.5 million renovation of the Blake Lee building at Somerset Community College for a health science simulation lab. Members questioned the large cost increase on the fire academy project and the adequacy of front-end due diligence, while KCTCS said the project was bid and ready to proceed and that a 15% contingency had been included. Both projects were approved by roll call vote, with the Blake Lee project ultimately approved after the committee unrolled the items and took them separately. The committee next heard and approved a University of Kentucky public-private partnership for the Hamburg East Medical Office Building, a five-story, 220,000-square-foot facility with a not-to-exceed budget of $275 million. UK said the project is intended to expand outpatient access, consolidate some services, and support projected growth in patient volume; the building will house multiple specialties, urgent care, therapy, imaging, and a retail pharmacy. Members asked about possible community uses, consolidation of services, and whether the project would free up other space, and UK said it hopes to consolidate some services and free campus space. The project was approved by roll call vote. The committee then approved three UK lease renegotiations: a specialty pharmacy and infusion services lease at Wellington Way in Lexington, a Department of Ophthalmology and Visual Sciences lease at Conte Terrace, and a College of Social Work lease at McGrath Park Way. Members asked about rising lease rates, occupancy, and whether space needs should be reduced; UK and the lessor’s representative said the pharmacy space remains busy, the ophthalmology lease was lower than before, and the social work lease had been negotiated down from a higher request. The committee also approved a Department of Military Affairs project amendment for a Mutual Field Maintenance Shop Restoration project, increasing federal funding by $1 million to $4.5 million because of higher construction costs, and approved a Kentucky State University Shanty Hall renovation project funded by bond and HBCU Title III funds. Finally, it approved a new lease for the Office of Mines and Minerals in Pike County, a new lease for the Cabinet for Health and Family Services in Pulaski County, and a lease renewal for the Cabinet for Health and Family Services in Kenton County after questions about rent increases and office utilization; the cabinet said the Kenton County space still has limited vacancy and remains in use by field staff. The meeting ended as the Kentucky Infrastructure Authority began presenting six sewer and water loans and six cleaner water program grant reallocations, with members agreeing to roll those items for later consideration.

Transcript Highlights:

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

Keywords: 1191, senate, all

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.

Keywords: 981, all

Summary: The House convened after a brief recess for Appropriations, approved the journal from February 9, 2026, and then moved to third readings. House Bill 1038, concerning county commissioner redistricting, drew opposition from Representative DeGraaf, who argued the bill was an unnecessary state intrusion and criticized its emphasis on diversity and representation. Despite that, the bill passed third reading 40-25. House Bill 1020, dealing with field drug tests in drug possession cases, passed unanimously 65-0. House Bill 1040, concerning the sterilization rights of people with intellectual and developmental disabilities, prompted extensive debate. Supporters, including Representatives Bradley, Bottoms, Brooks, DeGraaf, and Garcia, said the bill strengthens consent protections, prevents forced sterilization, and addresses Colorado’s history of discriminatory sterilization laws. Several speakers also raised concerns about broader consistency in protecting minors and vulnerable people, and Representative Luck noted a related organ-transplant conforming amendment that he hoped the Senate would refine. The bill passed 65-0. The final bill discussed was House Bill 1003, modifying the small business recovery and resiliency loan program. Representative DeGraaf opposed it, arguing it would extend government-backed loans and debt under vague hardship criteria, increase inflation, and amount to taxpayer-funded plunder. During that exchange, the chair cautioned him about name-calling after he referred to colleagues as “emo reps.” The transcript ends during continued debate on the bill, before any vote is shown.

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?

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> loans<00
• It is not something people decide to do like a business loan or a car loan.
• <00:12:34.839> servicers it ensures that student loan servicers it ensures that student loan
• really going to hurt student loan really going to hurt student loan borrowers<00:18:16.720> does

Keywords: 1187, senate, all

Transcript Highlights:

• So you've got a federal loan.
• Our loan agreement with the bank says that the district may prepay that loan.
• Your USDA Rural Development loan, yes—what was the date of the loan?
• And you say the loan does allow for prepayment of the loan, is that correct?
• So they were offered a payment on their loan.

Keywords: 959, house, all

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.

Keywords: 1191, senate, all

Transcript Highlights:

• Independent mortgage companies make over 50% of the mortgage loans in California.
• Access Plus Capital has developed over 2,000 loans totaling $65 million.
• Mortgage banks finance loans through their own credit facilities and then sell those loans to secondary
• The proceeds from selling those loans are recycled into new loans.
• qualifying borrowers into higher cost loans.

Keywords: 988, house, all

Transcript Highlights:

• That loan ends right before we'd start paying on this one.
• Is it a loan that's what I'd call evergreen?
• The payoff of that loan will end in June, and so we won't be pulling any money off of this loan until
• This loan, this specific $4.7 million—what are you using those loan proceeds for?
• So there's no increase to the rates just because of this loan.

Summary: The committee considered several appropriation and transfer requests, beginning with a $273,000 temporary appropriation for the Department of Labor and Licensing to cover administrative costs for its enterprise licensing platform, funded by license and application fees. It then reviewed two large Infrastructure Investment and Jobs Act requests: $280 million for the Department of Transportation for the final quarter of the fiscal year, and $195 million for the State Broadband Office to support the Arkansas BEAD broadband grant program, including an extra help position and grants to internet service providers. The broadband item drew extensive questions about awardees, contract amendments, accountability, build-out timelines, backup plans if providers default, the definition of broadband serviceable locations, and the cost per location. The State Broadband Director said no providers had requested amendments, the program would use milestone-based disbursements and a four-year build-out period, and the first tranche would serve 51,566 homes and businesses with $126.1 million in grants. Both Section B and Section C items were approved. In Section D, the committee approved a $458,000 transfer within the Department of Correction from the female work release program to the Tucker Unit water treatment plant, a $25 million transfer within the Department of Education to cover declining enrollment, teacher incentive, school recognition, and Easter Seals funding, and a $229,000 transfer for the Department of Shared Administrative Services to support two project management office positions. The education transfer prompted questions about how declining enrollment funding is calculated, how many districts receive it, and how long districts can continue to receive it; agency staff said 152 districts were on the preliminary list and the formula is based on the prior two-year average ADM compared with the previous year. The committee also gave favorable advice on a proposed $4.7 million loan for the Office of State Technology to implement ServiceNow and related IT modernization tools; agency officials said the loan would be repaid through cost recovery rates over five years and would replace an existing loan that is ending, with expected savings from consolidating applications but no precise savings estimate yet. The committee then reviewed cash fund and federal grant requests, including $200,000 for wage and hour claimant payments, $15 million for unclaimed property claims, $8,000 for a heritage program grant, and $1.1 million for a College and Career Coaches grant to expand services in rural districts. It also reviewed pay plan and budget manual items without objection. The most extensive report discussion focused on the Medicaid trust fund, where DHS and DFA officials said the balance has been declining and that the state may need to add capital back into the fund. Senators and representatives asked about the current balance, the projected year-end level, the role of the $100 million set-aside, the impact of outstanding Medicaid rules from the prior session, and whether future federal funding could help reduce long-term Medicaid costs. Officials said they are still working through more than 10 outstanding rules with CMS and do not yet have a final price tag for those changes. The meeting ended after the reports were reviewed and the committee adjourned.

Transcript Highlights:

• <00:07:34.199> we administer the Minnesota self loan we administer the Minnesota self loan
• <00:10:24.160> uh 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> assist<
• In fiscal year 24, Self Loan had made 5,741 loans, to the tune of $6.5 million.

Keywords: 1187, senate, all

Transcript Highlights:

• and loan terms established by the lender.
• It ensures consumers can access their loan and project documents.
• Would this also apply to any type of loan activity that has not been done door-to-door?
• The loan also has to be one where the funds are released directly to the contractor.
• They effectuate the loan themselves on their own device.

Keywords: 988, house, all