Proposed S.B. No. 658
Session Year 2023
 


AN ACT CONCERNING FIRST-TIME HOMEBUYER MORTGAGE LOANS FOR PROPERTIES IN CERTAIN LOCATIONS.

To provide that: (1) The Department of Banking shall develop an Internet web site for individuals who are first-time homebuyers to apply for mortgage loans for properties located in distressed municipalities or federally designated opportunity zones; (2) community banks may access such Internet web site to determine which loans to make; and (3) for such loans, the state shall provide credit enhancement.

Introduced by:
Sen. James J. Maroney, 14th Dist.
Rep. Travis Simms, 140th Dist.
Rep. Trenee McGee, 116th Dist.
Rep. Hubert D. Delany, 144th Dist.
Rep. Anthony L. Nolan, 39th Dist.

 New today  2-4 days old  5 days & older

Co-sponsors for Amendment LCO:

Bill History

 Date Action Taken
 2/6/2023Public Hearing 02/10
 1/24/2023(BA)Reserved for Subject Matter Public Hearing
 1/18/2023Referred to Joint Committee on Banking

Co-sponsors of SB-658

Rep. Geraldo C. Reyes, 75th Dist.
Rep. Gary A. Turco, 27th Dist.

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