Transcript Highlights:

• Chair, today, um, before you, the Senate Finance Committee amendment for House Appropriation and Finance
• And lastly, the Senate Finance amendment also focuses on public safety.
• So you have before you the committee report with the Senate Finance amendment.
• Chairman, members of the Senate Finance Committee.
• We all work like a well-oiled machine and that's what Senate Finance should look like.

Transcript Highlights:

• creativity especially in the financing creativity especially in the financing of<00:23:41.600>
• traditional Capital stack for financing traditional Capital stack for financing a<00:23:58.720><
• and therefore makes the early financing and therefore makes the early financing more<00:24:07.120
• <00:51:41.880> committee's support the finance committee's support the finance committee's
• This bill is going to Finance.

Keywords: 1191, senate, all

Transcript Highlights:

• Revenue bond to finance new projects in Henderson County and another county, pursuant to KRS 48.11, subsection
• On January 23rd, the Secretary of the Finance and Administration Cabinet notified the committee of their
• The Council on Postsecondary Education Finance Committee approved it on January 30, 2025.
• post-secondary education finance post-secondary education finance committee<00:05:19.880> approved
• <00:25:25.799> res amount of 21 million to finance res amount of 21 million to finance res

Keywords: 958, all

Summary: The committee first approved the January minutes and then received several informational reports on school district tax levies, revenue bonds, lease advertisements, and previously rejected lease transactions. Members were told that one rejected lease for the Cabinet for Health and Family Services in Hardin County would be canceled and rebid, while a Perry County lease modification for the Energy and Environment Cabinet would proceed. The Kentucky Communications Network Authority also submitted its quarterly capital projects report, and Eastern Kentucky University reported revisions to asset preservation projects. Janice Thomas, Deputy State Budget Director, presented four capital project action items. These included a Kentucky State University Betty White Building renovation funded by USDA grant money, a Department of Education state schools dormitory and cottage renovation appropriation increase because bids exceeded estimates, a restricted-funds scope increase for the Elizabethtown CTC science building expansion, and a pool project report for the Department of Corrections’ KCIW kitchen drain line repair and replacement. Representative Petrie asked about how often the statutory authority for midstream project increases is used and whether bids are typically competitive; Thomas said the increases are used often when bids come in above estimates and that bids are generally competitive, though construction costs have been difficult to gauge. The committee unanimously approved the first three action items, and the KCIW project was reported with no action required. H. Sandy Williams of the Kentucky Infrastructure Authority then presented six loans and one emergency grant. The items included loans for Frankfort’s East Frankfort Interceptor wet weather facility project, Sturgis wastewater improvements, Scottsville inflow and infiltration work, Morganfield wastewater treatment plant planning and design, Western Pulaski County Water District transmission improvements, and Springfield water system planning and replacement work, plus an emergency Kentucky Waters grant for Eddyville following a sewer treatment plant failure and local emergency declarations. After no questions, the committee unanimously approved the seven KIA transactions. Chelsea Couch then presented a Kentucky Housing Corporation conduit issuance for $38.4 million to finance a multifamily rental project in Jefferson County; members asked how the committee participates and were told it was a conduit issuance rather than state debt. The committee approved that item. Finally, the committee heard an informational Turnpike Authority refunding issuance of about $53 million for present value savings, then approved four SFCC debt issues for Henderson, Pulaski, Scott, and Trimble counties to finance school renovations and construction. The meeting ended with notice of the next meeting date and location.

Transcript Highlights:

• Okay, we'll go ahead and call the Senate Finance Committee to order and ask the clerk to take a silent
• And call the Senate Finance Committee to order.
• This came to us from the House Committee on Finance, passed the House 94 to 1.
• Chairman, I move adoption of the strike and insert amendment from the Committee on Finance.
• The question on adoption and strike and insert amendment from the Committee on Finance.

Keywords: 994, senate, all

Summary: The Senate Finance Committee met with a quorum present, approved the prior meeting minutes, and then considered a series of House bills and committee substitutes. House Bill 5438, dealing with changes to Step 7 of the school aid formula and allowable uses of certain education allocations, was amended to adopt the Education Committee’s changes and then reported to the full Senate. House Bill 4087 creating the West Virginia-Ireland Education Alliance was also reported, as was House Bill 4191, which expands child care tax credit eligibility for employer-sponsored facilities and changes subsidy payments from attendance-based to enrollment-based reimbursement; senators emphasized its workforce and economic development benefits. House Bill 5074, which reallocates medical cannabis fund balances and future revenues, was amended to increase the Child Protective Commission pilot funding from $3 million to $5 million and remove proposed ibogaine research funding for Marshall and WVU before being reported. House Bill 5353, regulating virtual currency kiosks and money transmission licensure, and House Bill 5527, creating licensure and oversight for wellness reimbursement program administrators, both received strike-and-insert amendments and were reported. House Bill 5687, which phases down the metallurgical coal severance tax and adds a temporary oil and gas tax reduction with county/municipal revenue adjustments, was amended and reported. House Bill 4418, creating an electronic system for municipal business and occupation tax filing and collection with a 1% administrative fee and a participation threshold, was also reported. The committee then took up House Bill 4245, the Revenue Rules Bundle, which bundles 26 legislative rules from the Department of Revenue and related agencies. The bundle included alcohol, banking, insurance, racing, and tax rules, with several sunset extensions and repeals of outdated rules; the committee adopted a strike-and-insert amendment affecting a lottery consumer protection rule and a pre-need cemetery company rule, then reported the bill. House Bill 5168, providing a $12 million lottery-funded stream for emergency medical services, was amended to clarify the uses of the funds, rename one fund, require a 30% county match for mental health treatment spending, and create two additional county-based EMS funds; senators described it as a needed permanent funding source for EMS, and it was reported. Throughout the meeting, members generally supported the measures, with some discussion on technical details, funding allocations, and the impact of the bills on local services and workforce needs. At the end of the meeting, the chair announced that Senate House Bills 4004, 4006, and 4009 would not be taken up that day, and the committee adjourned.

Transcript Highlights:

• Zana will fix it in finance. We have somebody on finance. Isn't that great?
• correct by finance.
• If not by finance correct by finance.
• to finance. Mr. Chair, I got shaken. to finance. Mr. Chair, I got shaken.
• So, before it gets to finance. So, Yes. So, before it gets to finance.

Keywords: 1187, senate, all

Transcript Highlights:

• Um, it's going to add finance after this.
• >> Finance. >> Finance. >> Finance. >> Thank<00:32:01.279> you.
• I believe a fiscal finance after this.
• examined in education finance. examined in education finance.
• All those Education Finance Committee.

Keywords: 1183, house

Summary: The committee heard House File 3585, as amended, which would create an interagency council on student attendance and re-refer the bill to education finance. Representative Keeler moved the bill and an A1 amendment that corrected the council’s placement from the Department of Children, Youth, and Families to the Department of Education; the amendment was adopted. Keeler and Representative Bakeberg described the bill as the product of several years of bipartisan work on chronic absenteeism and truancy, emphasizing that attendance problems involve multiple systems and require ongoing coordination rather than a single-agency response. Testimony was strongly supportive. Matt Shaver of Allies cited statewide chronic absenteeism data and argued that schools cannot solve the problem alone because root causes such as housing, transportation, health, and economic instability lie outside school control. Assistant Commissioner Angela Mansfield of MDE said the task force and pilot districts showed coordination gaps and supported the council, while also noting MDE’s Compass staff would need permanent funding to carry out the work. Ashley High Totower of Hennepin County’s BEET program said attendance is a public health, child welfare, transportation, housing, and economic issue, and Kenneth Avon of the Minneapolis Foundation said absenteeism is an ecological problem requiring cross-sector coordination. Student witnesses also supported the bill but urged stronger youth representation. Henry Brick of Catalyst for Systems Change said students understand the causes of absenteeism best and proposed expanding student seats on the council from one to five. Ava Northrup of the Minnesota Youth Council said youth voices should be more than symbolic and suggested two youth representatives, one from the metro and one from greater Minnesota, plus additional youth task forces or panels. In member discussion, Representative Lawrence questioned whether the council duplicated existing MDE work, asked who would coordinate the group, and raised the lack of a sunset; Keeler and Bakeberg said the Department of Education would coordinate and that a sunset could be considered later. Other members asked about fiscal impact, and the chair said a fiscal note had been requested and the bill would move on to education finance.

Transcript Highlights:

• vice chair of ed finance. vice chair of ed finance.
• directors to establish a finance directors to establish a finance committee.<00:15:52.000> Uh
• So, thank you, Chair Kunes. thank you to our um our finance uh thank you to our um our finance uh chairs
• So, thank here in um education finance.
• There's a our education finance bill.

Keywords: 1187, senate, all

Transcript Highlights:

• Chris Hill, Department of Finance. Thanks. Good afternoon. Chris Hill, Department of Finance.
• Chris Hill, Department of Finance.
• That's a tax-exempt financing.
• Department of Finance. Kayla Landman, Department of Finance.
• The Department of Finance?

Summary: The hearing began with a vote-only agenda and then focused first on San Mateo County’s request to restore in-lieu vehicle license fee (VLF) funding. County officials, city leaders, labor representatives, nonprofits, and public safety advocates argued that the loss of roughly $157 million would force major cuts to homelessness services, housing assistance, mental health programs, libraries, parks, fire and police staffing, and other local services. They described the current formula as outdated and unfair, tied to school funding and basic-aid dynamics that no longer work for San Mateo County, and urged both an immediate budget restoration and a permanent legislative fix. The Department of Finance said the payments are discretionary, not statutorily required, and noted the administration does not view the expenditure as sustainable in the current fiscal climate. Committee members expressed sympathy, questioned the formula, and said they would keep the issue under consideration; the committee later voted to move the two vote-only items on the agenda. The committee then received an update from the Department of General Services on state property redevelopment, including the Hillcrest DMV site in San Diego, the Fell Street DMV site in San Francisco, and other state-owned properties. DGS explained that Hillcrest is not currently an active project, while the Fell Street project shifted from an integrated DMV-housing plan to a more feasible relocation of the DMV into leased commercial space, with a budget change proposal pending. Members pressed DGS on the slow pace of redevelopment, the potential for housing on state sites, and the costs and feasibility of adaptive reuse. DGS said many state buildings are aging and that adaptive reuse depends heavily on building design, floorplate depth, light, and risk from unknown conditions behind walls. The Government Operations portion then turned to the California Education Learning Lab, which supports intersegmental higher education innovation grants. The Lab asked for permanent restoration of $4 million in ongoing funding and a move of its home agency from the Office of Land Use and Climate Innovation to GovOps, along with technical trailer bill changes. Supporters said the program has funded more than 120 projects reaching thousands of faculty and hundreds of thousands of students, including work on generative AI in higher education. The Legislative Analyst’s Office recommended rejecting the restoration and continuing the wind-down, citing the state’s projected deficit and suggesting the California Education Interagency Council could pursue non-state-funded grant opportunities instead. The committee held the item open. Finally, GovOps presented the new California Education Interagency Council staffing request, seeking four ongoing positions to support the council, with funding already included in last year’s budget. The department said the governor has appointed Debbie Cochran as executive officer and that the remaining positions are being recruited. Finance and LAO had no objections, and the committee began questions about how the council will be staffed and organized.

Transcript Highlights:

• David, I'm not the Department of Finance. It's not the Department of Finance. It's from the PUC.
• Aaron Carson, Department of Finance.
• And so if the state provides the financing, a part of that financing, because these projects can be in
• Department of Finance. Thank you. Department of Finance? Nothing to add.
• Department of Finance. David Evans, Department of Finance.

Keywords: 988, house, all

Transcript Highlights:

• Department of Finance. Thank you. Stephen Benson, Department of Finance.
• Department of Finance. Thank you. Stephen Benson, Department of Finance.
• Anybody else, Department of Finance? I'm Metzay on Department of Finance. Nothing further to add.
• Nate Williams, Department of Finance.
• Department of Finance: Lizzie Aria, Department of Finance. Nothing to add.

Summary: The meeting began with a lengthy opening discussion with Secretary Karen Ross of the Department of Food and Agriculture, who reviewed the department’s proposed budget, emphasized California agriculture’s record output, and highlighted major priorities including climate-smart agriculture, groundwater management, local food systems, farm-to-school, food hubs, invasive pest prevention, bird flu response, and food safety. She also warned about federal budget cuts, especially at USDA and FDA, and discussed market access challenges abroad, rising input costs, labor shortages, and the need for automation and workforce training. Members raised questions about the future of Farm to School, the California Nutrition Incentive Program/Market Match, local food procurement, and how to better connect farmers to schools, food banks, and food hubs; Ross said the department had strong evidence the program benefits small farms and Title I schools and noted continued interest in building out local food infrastructure. The committee then took up item one on eliminating vacant positions at the Departments of Fish and Wildlife, Parks and Recreation, and Food and Agriculture. The Legislative Analyst’s Office explained that the Governor proposed eliminating 6,000 vacant positions statewide, with the Joint Legislative Budget Committee previously rejecting 650 of them, including 174 in these three departments. LAO and Finance said the vacancies represented a source of budget flexibility, but warned that eliminating them could create program impacts; LAO recommended retaining the special-funded positions at Fish and Wildlife and Food and Agriculture, while weighing the General Fund positions against other priorities. Finance argued the reductions were part of a broader budget-resiliency exercise and that departments could reclassify or shift vacancies to higher priorities. Members focused heavily on the practical impacts of the cuts. Assemblymember Petrie-Norris argued that Fish and Wildlife staffing shortages were already slowing permits needed for housing, clean energy, water, and transportation projects, and questioned the value of saving relatively small amounts of money. Fish and Wildlife officials said the department had prioritized mission-critical work and could still meet permitting obligations, but acknowledged limited-term staffing constraints. State Parks said the proposed ranger and maintenance cuts would not have immediate effects but could slow maintenance and eventually worsen deferred maintenance. Food and Agriculture said some of the eliminated positions supported early pest detection and eradication, but that the department believed it could still meet its mandate and reclassify positions if needed. The chair and several members signaled concern about the Fish and Wildlife and Parks cuts, while also noting the broader need for budget reductions. The committee then moved to item six, hearing an overview from the Governor’s Office of Land Use and Climate Innovation. Staff described the office’s role in CEQA implementation and said the budget requests were baseline funding to maintain existing functions, including IT services and administrative/legislative support, rather than new programs. The chair asked the presenters to move quickly through background material so the committee could get to questions, and the item began with no votes taken during the meeting.

Transcript Highlights:

• Bill 109, a bill providing criteria for prioritizing water projects pursuant to the Water Project Finance
• not printed, referred to the House Education Committee, and then to the House Appropriations and Finance
• not printed, referred to the House Education Committee, and then to the House Appropriations and Finance
• House Bill 237, introduced by Representative Gonzales, an act relating to public finance, creating the
• House Appropriations and Finance Committee will meet 15 minutes after the floor concludes.

Bills: HM3, HM11, HM14, HM15, HM21

Keywords: nurses, health care workers, healthcare workers, frontline workers, hospital staff, clinicians, allied health professionals, support staff, public health, workforce shortage, nursing shortage, safe staffing, patient safety, rural health care, frontier communities, behavioral health, mental health, substance use disorder, substance abuse, health care memorial

Transcript Highlights:

• Colby White, Department of Finance. Yes. And.
• Colby White, Department of Finance.
• First with the Department of Finance.
• Of course, we'll always look to our colleagues at finance Is that DGS?
• Gomato, Department of Finance, and Alexander Bentz, LAO.

Keywords: 988, house, all

Transcript Highlights:

• e e e It being 1:00 p.m. on April 4th, I will call the House Finance Committee meeting to order, and
• House Finance proposal same beginning balance 73855.
• Both the Governor and House Finance begin with no balance.
• House Finance and the House Ways and Means Committee assumed revenues of about $1.715 billion.
• and inclusion was brought to the finance and inclusion was brought to the finance committee<00:26

Keywords: 928, house, all

Summary: The House Finance Committee met for final approval of HB 1 and HB 2, with legislative budget staff Michael Kain reviewing the final amendment documents and surplus statements. Kain explained that HB 1474H and HB 1484H incorporated the committee’s prior votes and the Governor’s recommended sections, and he walked through the budget math for the general fund, education trust fund, Highway Fund, and Fish and Game Fund. He said the committee’s proposal remained balanced overall, though the current-year general fund showed a projected deficit that HB 2 would address by allowing a possible rainy day fund transfer if needed. He also noted that the committee’s revenue estimates were below the Governor’s, requiring reductions and adjustments to appropriations and lapse assumptions. Members discussed the rainy day fund provisions, including a section in HB 2 that suspends existing restrictions so a transfer can be made if the deficit materializes. Kain said the committee’s approach differed from the Governor’s because the state was not below the overall revenue plan, and the fiscal committee would retain a role in determining any transfer. He also summarized that the Highway Fund would end with about a $13 million balance and Fish and Game with about $3 million, both without additional general fund support. The committee then adopted two amendments to HB 2 unanimously: Amendment 1473H, a technical cleanup to the Group 2 retirement seven-year rule, and Amendment 1482H, a technical correction to the recreational services language. Amendment 1484H, which incorporated those changes into HB 2, was adopted on a 14-1 vote after minority members objected to the bill’s broader cuts and policy changes, including reductions to state agencies, health and human services, and education-related provisions. The committee also adopted Amendment 1474H to HB 1A on a 14-1 vote after similar debate over budget reductions, vacancies, university funding, and school spending limits. Finally, the committee voted 14-1 to report HB 1A and HB 2 as amended as ought to pass, with the minority voting no and the committee planning a full House presentation the following week.

Transcript Highlights:

• I mean, the private sector financing, there are two ways to pay them back.
• P3 financing.
• So any incremental financing means that the property tax added is all part of a financing, which takes
• The authority acknowledges that to stay on schedule, it needs financing.
• I understand the concerns of the tax increment financing.

Summary: The Senate Transportation Committee held an informational hearing on the California High-Speed Rail Authority’s 2026 draft business plan and next steps for the project. Chair Cortese opened by noting major changes since the 2024 plan, including new leadership, a bottoms-up review, scope changes in the Central Valley, loss of federal funds, and renewed interest in private investment and value capture. The Authority’s CEO, Ian Chaudhary, presented the project as moving into a construction and track-laying phase, citing progress on Central Valley structures, right-of-way acquisition, utility relocations, and a new procurement for track and systems. He said the plan reflects a more disciplined, optimized approach, with the Merced-to-Bakersfield segment targeted for revenue service around 2033 and the broader Phase 1 corridor envisioned as commercially viable through ancillary revenues, public-private partnerships, and future private financing. Committee members questioned the Authority about station relocations, single-tracking, tax increment financing, utility relocation authority, transparency, and the feasibility of private financing. Chaudhary said the Merced and Bakersfield station locations were still under discussion with local governments and that no contracts had been finalized. He defended the reduced scope and single-track approach as a just-in-time strategy to avoid overbuilding, while maintaining high-speed standards. He also said the Authority was exploring land value capture, broadband, energy, and other corridor-based revenue sources, but acknowledged that some tools would require legislative action and that private financing options were still being evaluated. Several senators expressed support for the project but raised concerns about permitting delays, local opposition, constitutional and statutory limits, and the need for stronger accountability. The Legislative Analyst’s Office and the High-Speed Rail Inspector General then gave critical assessments of the draft plan. LAO staff said the plan assumes major statutory changes, understates risk, lacks transparency about scope changes, and may not fully fund even the smaller Merced-to-Bakersfield segment once borrowing costs and other uncertainties are considered. Inspector General Ben Belknap said the draft plan does not comply with newer statutory requirements in SB 198 and AB 377, citing three main deficiencies: unauthorized scope changes to the Merced-to-Bakersfield segment, an inadequate funding plan that omits financing costs, and missing procurement milestone dates. He said the Authority’s presentation obscures the true cost and schedule impacts of the project changes, and that incomplete reporting limits legislative oversight. The Authority responded that it would address the OIG’s findings in the final business plan, and committee members indicated they expected a written response on compliance issues.

Transcript Highlights:

• And then the House Appropriations and Finance Committee.
• Committee. to the House Rural Development, Land Grants, Operations, and Finance Committee.
• Indian Affairs Committee, the House Judiciary Committee, and then to the House Appropriations and Finance
• having been read twice by title, is ordered printed and referred to the House Appropriations and Finance
• Your House Appropriations and Finance Committee will be meeting at 1:30 p.m. today in room 307.

Transcript Highlights:

• There's an outstanding liability we owe to the Board of Finance.
• As you'll recall, we have $13 million in liability on our books. due to the Board of Finance.
• So the issue we've encountered is we can no longer transfer those back to the Board of Finance.
• The biggest thing for finance and me biggest concern overall is our bond reconciliation.
• And then we'll work with Florida Finance to determine next steps on how we want to handle those bonds

Transcript Highlights:

• This came to us from House Finance. It passed the House 92 to 4.
• This bill was single reference to the Committee on Finance.
• This bill was single reference to the Committee on Finance.
• This bill was single reference to the Committee on Finance.
• This bill was single reference to the Committee on Finance.

Keywords: 994, senate, all

Transcript Highlights:

• and New Hampshire Housing Finance and New Hampshire Housing Finance Authority.
• The department will also solicit interest from the town of Guilford and New Hampshire Housing Finance
• The department also solicited interest from New Hampshire Housing Finance Authority, and they are not
• The department also solicited interest from New Hampshire Housing Finance Authority, and they are not
• Hampshire housing finance authority. Hampshire housing finance authority.

Keywords: 928, house, all

Summary: The Long Range Capital Planning and Utilization Committee met and approved the minutes from June 30, 2025. There was no old business. The committee then heard a series of New Hampshire Department of Transportation requests involving the sale or disposal of state-owned land and easements, including an access point sale in Exeter, land sales in Keene, Guilford, Lincoln, Conway, Chesterfield, Fremont, Belmont, and a utility easement in Albany. Most items were direct sales to abutters or towns, with conditions such as obtaining local and state approvals, commissioning boundary surveys, and paying administrative fees; each of these items was approved by motion and vote. One Guilford parcel was amended to reflect a smaller surveyed area and reduced appraised value before approval. The committee also approved a permanent access easement for a single-family residence on Route 153 in support of the Bickford property. The committee then considered a Department of Administrative Services item, presented as a substitution replacement, authorizing a perpetual utility line easement to Public Service Company of New Hampshire for a facility under construction on the Hampstead hospital property that will serve as the replacement facility for the Manchester senior center. The department requested waiver of the administrative fee because the easement was being granted in exchange for utility service, and the committee approved the request. An informational item, LRCP25-038, was discussed regarding a reduction in fair market value due to a change in access; staff explained no committee action was required because the item was informational only. Additional informational materials from the New Hampshire Council on Resources and Development were received, including meeting minutes and surplus land review memorandums for Meredith and Hampstead. Before adjourning, the committee set its next meeting for December 9 at 9:30 a.m. at Granite Place, Room 228, noting the meeting would be on a Tuesday rather than Monday because of building scheduling. The meeting concluded with a motion to adjourn, which was seconded and approved.

Transcript Highlights:

• The bill will be referred to the Committee on Education and Committee on Finance.
• Message will be received, and the bill will be referred to the Committee on Finance.
• Senate Bill 137 will not be reported to finance. Report will be received. Received.
• That one goes to Finance. That one goes to Finance. Okay. Senate Bill 207.
• Your Committee on Finance will meet today at 3 p.m. in room 451M. Senator from Fayette.

Keywords: 994, senate, all

Transcript Highlights:

• . financing. financing.
• . financing. financing.
• <00:13:23.760> that's $10 million of state financing that's $10 million of state financing
• /c><00:33:40.720> supporting expertise in financing and supporting expertise in financing and
• Uh, bad financing, or bad credit report, they can't get financing.

Keywords: Meeting Start 00:00:07 Roll Call 00:00:25 Discussion of Lexington’s Housing Affordability Partnership 00:02:26 Discussion of Northern Kentucky’s Housing Blueprint 00:30:12 Discussion of Religious Institution Land Use 00:57:33 Discussion of Free-Market Solutions to Kentucky’s Housing Crisis 01:04:18 Adjournment 01:26:37, 958, all

Summary: The committee met without a quorum and began informally, with members noting this was the final information-gathering meeting on housing before a November meeting to discuss findings and report back to the LRC. The main presentation focused on the Lexington Affordable Housing Partnership, a public-private effort supported by a $10 million state allocation. Presenters described Fayette County’s housing shortage, citing a gap of more than 22,000 units, rising home prices, and the challenge of assembling land and capital for affordable projects. The partnership explained that five local banks created a $3 million capital investment fund to buy and hold land at no interest, with deed restrictions keeping the site at 80% or below area median income and allowing the banks to seek Community Reinvestment Act credit. The first project is a 12.5-acre former Transylvania University baseball field, planned for about 242 units, including detached homes, townhouses, garden-style apartments, and senior housing. Speakers said the project required extensive neighborhood engagement and zoning/development approvals, but that the planning phase is now largely complete and infrastructure work should begin soon. Financing details included roughly $64 million in additional funding through tax credit equity, market-rate loans, city support, Kentucky Housing Corporation resources, and donations from nonprofit partners. Developers said the multifamily bond applications are due to Kentucky Housing Corporation the next day, and they expect the land purchase to be repaid into the revolving fund once the property is entitled and closed, allowing the original $3 million to be redeployed for future projects. They estimated rental units could be filled within about six months of completion, while for-sale units would come online over 12 to 36 months. In discussion, members asked about regulatory barriers and project timelines. Presenters pointed to rising construction costs tied to new federal and state requirements, and one member highlighted the need to continue reviewing planning and zoning reforms to speed development plan approvals and reduce delays. The group also endorsed a possible statewide $20 million housing fund, a residential infrastructure fund, and efforts to avoid additional regulatory burdens on housing development.