2005 Session

Budget Amendments - HB1500 (Member Request)

Chief Patron: Van Landingham
Washington Area Housing Trust Fund

Item 531 #9h

Item 531 #9h

First Year - FY2005 Second Year - FY2006
Nonstate Agencies
State Grants to Nonstate Entities-Nonstate Agencies FY2005 $0 FY2006 $250,000 GF

Page 482, after line 18, insert:
"Out of the amounts for Financial Assistance for Cultural and Artistic Affairs, $250,000 the second year from the general fund is provided to the Washington Area Housing Trust Fund."

(This amendment provides $250,000 from the general fund in the second year for the Washington Area Housing Trust Fund, a regional housing loan fund that provides substantially below market interest rate subsidies for the predevelopment and interior redevelopment of affordable housing in the Washington metropolitan region by non-profit and for-profit affordable housing developers.)