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In our Spring 2024 newsletter, we featured an article entitled “Lack of Affordable Housing + $70 million Deed Recording Fee State Deficit Further Strain Nonprofits Ability to Housing People & Families.”
We are happy to report the following wins for housing from the 2024 Legislative Session:
Operating Budget:
$60 million to help backfill the projected funding gap from document recording fees. This investment should ensure that state-funded shelter and rapid rehousing programs can maintain their current service levels through next year.
Capital Budget:
$127,539 for the Housing Trust Fund, a significant investment for the second year of a two-year budget.