SB 829: Relating to affordable housing; and declaring an emergency.

Official summary

Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.

Requires the Department of Consumer and Business Services to establish a program to assist eligible entities in paying the costs of property insurance or liability insurance premiums for affordable housing, shelters and other facilities. Specifies requirements for eligibility for the program. Requires the department to report to an interim committee of the Legislative Assembly related to housing not later than December 15 of each year. Establishes the Affordable Housing Premium Assistance Fund and continuously appropriates moneys in the fund to the department to implement the department's program. Requires the department to study the feasibility of creating and operating a state reinsurance program or devising another solution to support price stability in the market for insurance to cover affordable housing. Declares an emergency, effective on passage.

Sponsors

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

1. August 8, 2025Effective date, July 24, 2025.
2. August 8, 2025Chapter 600, 2025 Laws.
3. July 24, 2025Governor signed.
4. June 26, 2025Speaker signed.
5. June 25, 2025President signed.
6. June 24, 2025Third reading. Carried by Marsh. Passed.
7. June 23, 2025Rules suspended. Carried over to June 24, 2025 Calendar.
8. June 20, 2025Rules suspended. Carried over to June 23, 2025 Calendar.
9. June 19, 2025Second reading.
10. June 19, 2025Recommendation: Do pass.
11. June 18, 2025Referred to Ways and Means.
12. June 18, 2025First reading. Referred to Speaker's desk.

Showing 12 most recent of 26 actions. Full history