AN ACT CONCERNING FIRST-TIME HOMEBUYER MORTGAGE LOANS FOR PROPERTIES IN CERTAIN LOCATIONS.
To provide that: (1) The Department of Banking shall develop an Internet web site for individuals who are first-time homebuyers to apply for mortgage loans for properties located in distressed municipalities or federally designated opportunity zones; (2) community banks may access such Internet web site to determine which loans to make; and (3) for such loans, the state shall provide credit enhancement.
Introduced by:
Sen. James J. Maroney, 14th Dist.Rep. Travis Simms, 140th Dist.
Rep. Trenee McGee, 116th Dist.
Rep. Hubert D. Delany, 144th Dist.
Rep. Anthony L. Nolan, 39th Dist.
| New today | 2-4 days old | 5 days & older |
| Text of Bill | |
| Proposed Bill [doc] |
| Committee Actions | |
| BA Vote Tally Sheet (Reserved for Subject Matter Public Hearing) |
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Bill History
| Date | Action Taken | ||
|---|---|---|---|
| 2/6/2023 | Public Hearing 02/10 | ||
| 1/24/2023 | (BA) | Reserved for Subject Matter Public Hearing | |
| 1/18/2023 | Referred to Joint Committee on Banking |
Co-sponsors of SB-658
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