Amendment #1235 to H4600

Small Properties State Acquisition Fund

Ms. Montaño of Boston moves to amend the bill in line item 7002-1502, by inserting the following:

For the Small Properties State Acquisition Fund; provided, that this program is to issue soft loans to supplement other acquisition soft loans administered by municipal or other affordable housing acquisition lenders on a rolling basis; provided further, that acquisitions pursuant to this program shall follow the affordability restrictions of said affordable housing acquisition lenders; provided further, that loans under this program shall be used for the acquisition of buildings of no less than 1 unit and no more than 8 units of residential housing for rental or ownership, or mixed-use buildings, for a term of at least 30 years .....................$1,000,000.

Additional co-sponsor(s) added to Amendment #1235 to H4600

Small Properties State Acquisition Fund