Regular Session 2021-2022 Senate Bill 1135 P.N. 1790

PRIOR PRINTER'S NO. 1474

PRINTER'S NO. 1790

THE GENERAL ASSEMBLY OF PENNSYLVANIA

SENATE BILL

No.

1135

Session of

2022

INTRODUCED BY SAVAL, FONTANA, KANE, KEARNEY, MUTH, CAPPELLETTI,

COSTA, HUGHES, COMITTA, STREET, TARTAGLIONE, HAYWOOD,

COLLETT, BREWSTER, SCHWANK, L. WILLIAMS, SANTARSIERO, FLYNN,

A. WILLIAMS, BOSCOLA, BROWNE, ARGALL, LAUGHLIN, VOGEL AND

SCAVELLO, MARCH 7, 2022

SENATOR PITTMAN, URBAN AFFAIRS AND HOUSING, AS AMENDED,

JUNE 20, 2022

AN ACT

Providing for funding to address habitability concerns in owner-

occupied and rental units, measures to improve energy or

water efficiency and make units accessible for individuals

with disabilities; establishing the Whole-Home Repairs

Program and the Whole-Home Repairs Fund; and imposing duties

on the Department of Community and Economic Development.

PROVIDING FOR FUNDING TO ADDRESS HABITABILITY CONCERNS IN OWNER-

OCCUPIED AND RENTAL UNITS, MEASURES TO IMPROVE ENERGY OR

WATER EFFICIENCY AND MAKE UNITS ACCESSIBLE FOR INDIVIDUALS

WITH DISABILITIES, AND REMOVING BARRIERS TO AFFORDABILITY OF

HOMEOWNERSHIP; ESTABLISHING THE WHOLE-HOME REPAIRS AND

HOMEOWNERSHIP AFFORDABILITY PROGRAM, THE STUDENT HOUSING

REPURPOSE PROGRAM, THE WHOLE-HOME REPAIRS AND HOMEOWNERSHIP

AFFORDABILITY FUND AND THE HOUSING STABILIZATION INITIATIVE

FUND; AND IMPOSING DUTIES ON THE DEPARTMENT OF COMMUNITY AND

ECONOMIC DEVELOPMENT AND THE COMMONWEALTH FINANCING

AUTHORITY.

The General Assembly of the Commonwealth of Pennsylvania

hereby enacts as follows:

Section 1. Short title.

This act shall be known and may be cited as the Whole-Home

Repairs Act HOUSING STABILIZATION INITIATIVE ACT.

Section 2. Definitions.

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The following words and phrases when used in this act shall

have the meanings given to them in this section unless the

context clearly indicates otherwise:

"Affordable units." Units where rents are affordable to

tenants at or below 60% of area median income, adjusted for

household size, as defined annually by the Pennsylvania Housing

Finance Agency's PennHOMES County-wide Limits.

"AUTHORITY." THE COMMONWEALTH FINANCING AUTHORITY.

"BOARD." THE BOARD OF THE COMMONWEALTH FINANCING AUTHORITY.

"Code." A building, housing, property maintenance, fire,

health or other public safety ordinance, related to the use or

maintenance of real property, enacted by a municipality. The

term does not include a subdivision and land development

ordinance or a zoning ordinance enacted by a municipality.

"CORPORATION." A CORPORATION OR JOINT STOCK ASSOCIATION

ORGANIZED UNDER THE LAWS OF THIS COMMONWEALTH, THE UNITED STATES

OR ANY OTHER STATE, TERRITORY OR FOREIGN COUNTRY OR DEPENDENCY.

"County applicant." A nonprofit or governmental entity that

serves one or more counties.

"Court." The appropriate court of common pleas.

"Department." The Department of Community and Economic

Development of the Commonwealth.

"Disabilities." As the term "handicap or disability" is

defined in section 4 of the act of October 27, 1955 (P.L.744,

No.222), known as the Pennsylvania Human Relations Act.

"Existing home repair programs." Programs administered by

nonprofit organizations, governmental entities and public

utilities, or the contractors and assignees of such entities,

that provide services to repair residential housing that are

funded in accordance with or through, but not exclusively

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limited to, the following programs:

(1) The weatherization assistance programs administered

as a part of the programs authorized under the Low-Income

Home Energy Assistance Act of 1981 (Public Law 97-35, 42

U.S.C. § 8621 et seq.) or the Energy Conservation in Existing

Buildings Act of 1976 (Public Law 94-385, 42 U.S.C. § 6851 et

seq.).

(2) The Community Development Block Grant Program under

Title I of the Housing and Community Development Act of 1974

(Public Law 93-383, 88 Stat. 633), as amended.

(3) The HOME program under the act of December 18, 1992

(P.L.1376, No.172), known as the Pennsylvania Affordable

Housing Act.

(4) The Medical Assistance Community HealthChoices

Program.

(5) The Pennsylvania Housing Affordability and

Rehabilitation Enhancement Program under Article IV-D of the

act of December 3, 1959 (P.L.1688, No.621), known as the

Housing Finance Agency Law.

(6) The Keystone Communities Program administered by the

department.

(7) Low-income usage reduction programs established

under 52 Pa. Code Ch. 58 (relating to residential low income

usage reduction programs).

(8) The Energy Efficiency and Conservation Program

established under 66 Pa.C.S. § 2806.1(b)(1)(i)(G) (relating

to energy efficiency and conservation program).

"Fund." The Whole-Home Repairs AND HOMEOWNERSHIP

AFFORDABILITY Fund established under section 5.

"Habitability concerns." Home repairs that are required to

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ensure residential units are any of the following:

(1) Fit for human habitation.

(2) Free from defective conditions or health and safety

hazards, including asbestos, mold, pests or lead.

(3) Free of conditions preventing installation of

measures to improve energy or water efficiency and lower

utility costs.

"Homeowner." A person who is any of the following:

(1) An owner of record evidenced by a publicly recorded

deed.

(2) An owner-occupant of a manufactured home who leases

a space in a manufactured home community.

(3) An equitable owner who can demonstrate an ownership

interest in a property as provided by law, including:

(i) A person who has inherited an interest in a

property.

(ii) A person who has entered a contract to purchase

a property.

(iii) A person who was the owner of record before a

fraudulent conveyance of the property.

(iv) A person who is a trust beneficiary and a

person holding a partial ownership interest in a property

such as tenancy by the entirety, joint tenancy, tenancy

in common and life estate.

"MATCHING FUNDS." CASH OR OTHER INVESTMENTS FROM FUNDING

SOURCES OTHER THAN THE WHOLE-HOME REPAIRS AND HOMEOWNERSHIP

AFFORDABILITY FUND ESTABLISHED UNDER SECTION 5.

"Program." The Whole-Home Repairs AND HOMEOWNERSHIP

AFFORDABILITY Program established under section 3.

"Serious violation." A violation of a State law or code that

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poses an imminent threat to the health and safety of a dwelling

occupant, occupants in surrounding structures or passersby.

"Small landlords." A person, who is a landlord, who has an

ownership stake in no more than five properties and no more than

15 rental units and rents those properties or units for use as a

primary residence for a fee, regardless of the length or form of

the lease.

"State law." A statute of the Commonwealth or a regulation

of an agency charged with the administration and enforcement of

Commonwealth laws.

"Substantial step." An affirmative action as determined by a

property code official or officer of the court on the part of a

small landlord or property managing agent to remedy a serious

violation of a State law or code, including physical

improvements or repairs to the property, which affirmative

action is subject to appeal in accordance with applicable law.

Section 3. Establishment.

The Whole-Home Repairs AND HOMEOWNERSHIP AFFORDABILITY

Program is established within the department and shall be

administered by the department.

Section 4. Administration of program.

(a) Applications.--The department shall make available an

application for a county applicant to apply for funding under

the program. The application may be accepted electronically.

(b) Awarding of grants.--The department shall award grants

to no more than one county applicant per county for project

types under subsection (c) to be used for purposes under

subsection (d). THE DEPARTMENT SHALL AWARD GRANTS TO NO MORE

THAN ONE COUNTY APPLICANT PER COUNTY FOR PROJECT TYPES UNDER

SUBSECTION (E) TO BE USED FOR THE PURPOSES UNDER SUBSECTION (F).

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This subsection shall not be construed to prohibit the

department from awarding more than one grant to a county

applicant to serve multiple counties.

provide funding for the following:

(1) To ensure owner-occupied and rental units are free

of habitability concerns.

(2) To improve coordination across existing home repair

programs.

(3) To increase retention in workforce development

programs.

(d) Purposes OF MONEY FOR HOME REPAIR PROJECTS.--Money for

projects under subsection (c) shall be used for all of the

following:

(1) Grants and loans not to exceed $50,000 per unit to

address habitability concerns, to improve energy or water

efficiency, and, where requested, to make units accessible

for individuals with disabilities through the provision of:

(i) Grants for homeowners whose household income

does not exceed 80% of the area median income.

(ii) Loans to small landlords renting affordable

units that are recorded against a residential property in

a mortgage security. Loans awarded under this

subparagraph shall comply with the following conditions:

(A) Loans made to small landlords who have

maintained compliance with each of the following

shall be forgiven:

(I) The small landlord offered to extend by

three years the lease of the tenant occupying the

unit when the funds were accepted.

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(II) Annual increases in monthly rent have

not exceeded 3% of the base rent or the unit has

been occupied by a tenant participating in the

Housing Choice Voucher Program for a period of no

less than 15 years.

(III) In the prior 15 years, the small

landlord has not committed a serious violation

with regard to the small landlord's rental

property for which the small landlord has taken

no substantial steps to correct the serious

violation within six months following

notification of the serious violation and for

which no fines or other penalties or a judgment

to abate or correct were imposed by a magisterial

district judge or municipal court, nor a judgment

at law or in equity was imposed by a court. The

condition under this subclause may be met if the

property subject to the judgment, order or decree

is subject to a stay or supersedeas by an order

of a court of competent jurisdiction or

automatically allowed by statute or rule of court

until the stay or supersedeas is lifted by the

court or a higher court or the stay or

supersedeas expires as otherwise provided by law.

Where a stay or supersedeas is in effect, the

small landlord shall so advise the county

applicant.

(IV) The small landlord has maintained

ownership of the unit for a period of no less

than 15 years.

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(B) Loans made to small landlords who have not

maintained compliance with each of the conditions in

clause (A) shall be recaptured by county applicants.

(iii) Where possible, county applicants shall

prioritize the use of existing home repair programs'

funds to address habitability concerns, measures to

improve energy or water efficiency and, where requested,

to make units accessible for individuals with

disabilities.

(2) The county applicant's administration of the program

FOR PROJECT TYPES UNDER SUBSECTION (C), including staff,

implementation systems and data management tools designed to

maximize enrollment in all existing home repair programs and

use of the fund through the provision and enhancement of all

of the following:

(i) Technical assistance and case management

services for homeowners, renters and small landlords.

(ii) A universal program application process

evidenced by a single point of contact for homeowners,

renters or small landlords.

(iii) Coordination across waitlists for existing

home repair programs.

(iv) Program and policy analysis, outcomes reporting

and program evaluation.

(v) Referrals, where appropriate, to legal aid,

social service providers specializing in mental,

developmental and physical health conditions, and other

relevant community-based services.

(3) The county applicant's investments INVESTMENTS BY

THE COUNTY APPLICANT FOR PROJECT TYPES UNDER SUBSECTION (C)

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in workforce development programs that will connect trainees

to jobs through committed employer partnerships related to

improving the habitability and performance of homes,

including any of the following:

(i) Cash stipends for trainees.

(ii) Costs related to the design and implementation

of preapprenticeship, apprenticeship and publicly funded

on-the-job training programs.

(e) Limitation.--The following shall apply:

(1) Program funds shall not supplant existing resources

dedicated to existing home repair programs, but may be used

to support, expand and enhance existing home repair programs

as provided under this section.

(2) The department may not award funding to more than

one county applicant per county. This paragraph shall not be

construed to prohibit the department from awarding funding to

a county applicant to serve other counties.

(E) HOMEOWNERSHIP AFFORDABILITY PROJECT TYPES.--THE PROGRAM

SHALL PROVIDE FUNDING TO ASSIST INDIVIDUALS RESIDING IN THIS

COMMONWEALTH IN ENHANCING THE AFFORDABILITY OF BECOMING A

HOMEOWNER.

(F) PURPOSES OF MONEY FOR HOMEOWNERSHIP AFFORDABILITY

PROJECTS.--MONEY FOR PROJECTS UNDER SUBSECTION (E) SHALL BE USED

FOR GRANTS NOT TO EXCEED $125,000 PER HOUSING UNIT TO INCLUDE:

(1) NEW CONSTRUCTION OF MULTIFAMILY HOUSING UNITS.

(2) NEW CONSTRUCTION OF HOUSING UNITS ON NONADJACENT

SITES.

(3) REHABILITATION OF HOUSING UNITS ON NONADJACENT

SITES.

(4) ACQUISITION OF STRUCTURES AND VACANT LAND.

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(G) LIMITATIONS.--THE FOLLOWING SHALL APPLY:

(1) PROGRAM FUNDS FOR PROJECT TYPES UNDER SUBSECTION (C)

SHALL NOT SUPPLANT EXISTING RESOURCES DEDICATED TO EXISTING

HOME REPAIR PROGRAMS, BUT MAY BE SUED TO SUPPORT, EXPAND AND

ENHANCE EXISTING HOME REPAIR PROGRAMS AS PROVIDED UNDER THIS

SECTION.

(2) THE DEPARTMENT MAY NOT AWARD FUNDING TO MORE THAN

ONE COUNTY APPLICANT PER COUNTY FOR PROJECT TYPES UNDER

SUBSECTION (C) TO BE USED FOR PURPOSES UNDER SUBSECTION (D).

THE DEPARTMENT MAY NOT AWARD FUNDING TO MORE THAN ONE COUNTY

APPLICANT PER COUNTY FOR PROJECT TYPES UNDER SUBSECTION (E)

TO BE USED FOR THE PURPOSES UNDER SUBSECTION (F). THE

DEPARTMENT MAY AWARD FUNDING TO SEPARATE COUNTY APPLICANTS IN

A SINGLE COUNTY FOR ADMINISTERING PROJECT TYPES UNDER

SUBSECTIONS (C) AND (E). THIS PARAGRAPH SHALL NOT BE

CONSTRUED TO PROHIBIT THE DEPARTMENT FROM AWARDING FUNDING TO

COUNTY APPLICANTS TO SERVE OTHER COUNTIES.

(3) HOUSING UNITS CONSTRUCTED, ACQUIRED OR REHABILITATED

THROUGH PROJECTS UNDER SUBSECTION (E) SHALL BE LIMITED TO

ACQUISITION BY PROSPECTIVE HOMEOWNERS WHOSE HOUSEHOLD INCOME

DOES NOT EXCEED 80% OF THE AREA MEDIAN INCOME.

(H) MATCHING FUNDS.--THE FOLLOWING SHALL APPLY:

(1) EACH GRANT ISSUED UNDER SUBSECTION (F) SHALL REQUIRE

MATCHING FUNDS FROM A CORPORATION EQUAL TO THE AMOUNT OF THE

GRANT AS A CONDITION FOR APPROVAL OF THE AWARD OF THE GRANT.

(2) APPLICANTS FOR GRANTS ISSUED UNDER SUBSECTION (F)

SHALL PROVIDE DOCUMENTATION OF THE APPROVAL OF OR ACCESS TO

THE MATCHING FUNDS REQUIRED UNDER PARAGRAPH (1).

Section 5. Whole-Home Repairs AND HOMEOWNERSHIP AFFORDABILITY

Fund.

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(a) Establishment.--The Whole-Home Repairs AND HOMEOWNERSHIP

AFFORDABILITY Fund is established as a special fund in the State

Treasury.

(b) Contributions to the fund.--The following shall be

deposited into the fund:

(1) Appropriations from the General Assembly.

(2) Any allocations received by the Commonwealth from

the Federal Government made available for purposes of funding

the program.

(3) Any gift, donation, legacies or other revenues.

fund shall remain in the fund.

(d) Use of funds.--Money in the fund is appropriated to the

department on a continuing basis to carry out the provisions of

this act. The appropriation shall not lapse at the end of any

fiscal year.

Section 6. Administration by the department.

(a) Costs.--The department shall be reimbursed by the fund

for its administrative costs in carrying out the provisions of

this act.

(b) Guidelines.--The department may develop and publish

program guidelines for the implementation and administration of

the program.

Section 7. Reports.

(a) Department reporting.--No later than September 1

following the first fiscal year or any portion of the first

fiscal year in which the program is in effect and no later than

September 1 for all succeeding fiscal years in which the program

is in effect, the department shall prepare a report on the

program and submit it to the chairperson and minority

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chairperson of the Appropriations Committee of the Senate, the

chairperson and minority chairperson of the Appropriations

Committee of the House of Representatives, the chairperson and

minority chairperson of the Urban Affairs and Housing Committee

of the Senate and the chairperson and minority chairperson of

the Urban Affairs Committee of the House of Representatives. The

department shall post the report on the department's publicly

accessible Internet website. The report shall include all of the

following information for the prior year:

(1) On program funds utilized under section 4(d)(1):

(i) The total number of units, and the average cost

per unit, for which homeowners addressed habitability

concerns, installed energy efficiency measures and made

accessible for individuals with disabilities as a result

of program funds awarded under this act.

(ii) The total number of units, and the average cost

per unit, for which small landlords addressed

habitability concerns, installed energy efficiency

measures and made accessible for individuals with

disabilities as a result of program funds awarded under

this act.

(iii) The total amount of program funds invested in

addressing habitability concerns, installing energy

efficiency measures and making units accessible for

individuals with disabilities.

(iv) The total number of grant and loan applications

that were received, approved and denied.

(v) A summary of the most common reasons for denial

of applications.

(vi) The income and demographic information for

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households assisted under the program.

(2) On program funds utilized under section 4(d)(2):

(i) A summary of the most common referrals as

described under section 4(d)(2)(v).

(ii) The number of new staff hired to fulfill the

services described under section 4(d)(2).

(iii) A summary of systems improvements to fulfill

the services described under section 4(d)(2).

(3) On program funds utilized under section 4(d)(3):

(i) The total amount of program funds invested in

workforce development programs.

(ii) The total number and average amount of cash

stipends provided to trainees.

(iii) The income and demographic information for

individuals assisted by funds utilized under section 4(d)

(3).

(4) ON PROGRAM FUNDS UTILIZED UNDER SECTION 4(F)(1):

(I) THE TOTAL NUMBER OF UNITS AND THE AVERAGE COST

PER UNIT FOR WHICH PROSPECTIVE HOMEOWNERS WERE

SUCCESSFULLY ASSISTED IN BECOMING A HOMEOWNER AS A RESULT

OF PROGRAM FUNDS AWARDED UNDER THIS ACT.

(II) THE TOTAL AMOUNT OF PROGRAM FUNDS INVESTED IN

ADDRESSING HOMEOWNERSHIP AFFORDABILITY.

(III) THE TOTAL NUMBER OF GRANT APPLICATIONS THAT

WERE RECEIVED, APPROVED AND DENIED.

(IV) A SUMMARY OF THE MOST COMMON REASONS FOR DENIAL

OF APPLICATIONS.

(V) THE INCOME AND DEMOGRAPHIC INFORMATION FOR

HOUSEHOLDS ASSISTED UNDER THE PROGRAM.

(b) County reporting.--The department may require county

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applicants awarded grants under the program to submit reports,

on a form and in a manner prescribed by the department,

containing information necessary for the department to comply

with subsection (a).

Section 8. Funding.

The department's implementation of the program shall be

contingent upon sufficient program funds being deposited into

the fund in accordance with section 5 to carry out the purposes

of this act. In a year in which there are insufficient program

funds deposited into the fund for the purposes outlined in this

act, the program shall cease until sufficient Federal funds are

allocated to the Commonwealth, funds are specifically

appropriated by the General Assembly or funds are provided by a

source other than the Commonwealth.

SECTION 9. STUDENT HOUSING REPURPOSE PROGRAM.

(A) ESTABLISHMENT.--THE STUDENT HOUSING REPURPOSE PROGRAM IS

ESTABLISHED. THE STUDENT HOUSING REPURPOSE PROGRAM SHALL ALLOW

GUARANTEES TO REPURPOSE, USE OR DEMOLISH EXISTING STUDENT

HOUSING IN THIS COMMONWEALTH.

(B) ELIGIBLE APPLICANTS.--A NONPROFIT OR GOVERNMENTAL ENTITY

THAT SERVES ONE OR MORE COUNTIES SHALL BE ELIGIBLE TO APPLY

UNDER THE STUDENT HOUSING REPURPOSE PROGRAM ESTABLISHED UNDER

SUBSECTION (A).

COMMUNITIES FOR SCHOOLS WITHIN THE STATE SYSTEM OF HIGHER

EDUCATION SHALL BE ELIGIBLE FOR REPURPOSING UNDER THE STUDENT

HOUSING REPURPOSE PROGRAM ESTABLISHED IN SUBSECTION (A).

(D) ELIGIBLE USE OF GRANT FUNDING.--MONEY FOR PROJECTS MAY

INCLUDE:

(1) NEW CONSTRUCTION OF MULTIFAMILY HOUSING UNITS.

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(2) NEW CONSTRUCTION OF HOUSING UNITS ON NONADJACENT

SITES.

(3) REHABILITATION OR DEMOLITION OF HOUSING UNITS ON

NONADJACENT SITES.

(4) ACQUISITION OF STRUCTURES AND VACANT LAND.

(E) APPLICATIONS FOR GRANTS.--AN APPLICANT MAY SUBMIT AN

APPLICATION TO THE AUTHORITY REQUESTING A GRANT FOR THE TYPE OF

PROJECT ELIGIBLE UNDER SUBSECTION (C). THE APPLICATION SHALL BE

ON A FORM REQUIRED BY THE BOARD AND SHALL INCLUDE ALL OF THE

FOLLOWING INFORMATION:

(1) THE APPLICANT'S NAME AND ADDRESS.

(2) THE LOCATION OF THE PROJECT.

(3) A DESCRIPTION OF THE PROJECT.

(4) AN ESTIMATE OF THE COSTS ASSOCIATED WITH THE PROJECT

AND THE GOAL TO BE ACHIEVED BY CARRYING OUT THE PROPOSED

ACTIVITIES OF THE PROJECT.

(5) ANY OTHER INFORMATION REQUIRED BY THE AUTHORITY.

(F) REVIEW AND APPROVAL OF APPLICATIONS.--

(1) THE AUTHORITY SHALL REVIEW AND EVALUATE AN

APPLICATION BASED ON THE FOLLOWING CRITERIA:

(I) WHETHER THE PROJECT CAN BE REPLICATED FOR USE

ACROSS THIS COMMONWEALTH.

(II) WHETHER THE PROJECT INCLUDES A STRATEGIC PLAN

FOR IMPLEMENTATION.

(III) THE INCLUSION OF AN ITEMIZED BUDGET OF ALL

COSTS.

(2) THE AUTHORITY MAY DEVELOP ADDITIONAL EVALUATION

CRITERIA FOR EACH TYPE OF PROJECT ELIGIBLE UNDER SUBSECTION

(C).

(3) GRANTS SHALL BE AWARDED TO THE EXTENT THAT FUNDS ARE

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AVAILABLE.

(G) APPROVAL OF PROJECT FINANCING APPLICATIONS.--UPON

SATISFACTION THAT ALL REQUIREMENTS HAVE BEEN MET, THE BOARD MAY

APPROVE THE APPLICATION, AND, IF APPROVED, THE AUTHORITY SHALL

AWARD A GRANT TO BE USED FOR COSTS OF THE PROJECT. A COMBINED

LOAN AND PROJECT GRANT MAY BE AWARDED ONLY IF THE BOARD FINDS

THAT THE VALUE OF THE PROPOSED COLLATERAL AND THE FINANCIAL

RESOURCES OFFERED BY THE APPLICANT ARE NOT SUFFICIENT TO REPAY A

LOAN IN THE AMOUNT OF THE TOTAL PROJECT COST.

(H) HOUSING STABILIZATION INITIATIVE FUND.--THE HOUSING

STABILIZATION INITIATIVE FUND IS ESTABLISHED. THE FOLLOWING

APPLY TO THE HOUSING STABILIZATION INITIATIVE FUND:

(1) THE FOLLOWING SHALL BE DEPOSITED INTO THE HOUSING

STABILIZATION INITIATIVE FUND:

(I) APPROPRIATIONS FROM THE GENERAL ASSEMBLY.

(II) ANY ALLOCATIONS RECEIVED BY THE COMMONWEALTH

FROM THE FEDERAL GOVERNMENT MADE AVAILABLE FOR PURPOSES

OF FUNDING THE STUDENT HOUSING REPURPOSE PROGRAM.

(III) ANY GIFT, DONATION, LEGACIES OR OTHER

REVENUES.

(2) ANY INTEREST THAT ACCRUES FROM MONEY IN THE HOUSING

STABILIZATION INITIATIVE FUND SHALL REMAIN IN THE HOUSING

STABILIZATION INITIATIVE FUND.

(3) MONEY IN THE HOUSING STABILIZATION INITIATIVE FUND

IS APPROPRIATED TO THE AUTHORITY ON A CONTINUING BASIS TO

CARRY OUT THE PROVISIONS OF THIS SECTION. THE APPROPRIATION

SHALL NOT LAPSE AT THE END OF A FISCAL YEAR.

Section 9 10. Effective date.

This act shall take effect in 180 days.

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