HB 1, Hse 2nd Rdg, Amnd #265

(1) In the appropriations to the Department of Housing and Community Affairs (page VII-2), reduce the General Revenue Fund appropriations to Strategy A.1.10, Homeowner Assistance Fund, by $1,000,000 for each year of the state fiscal biennium ending August 31, 2025.

(2) In the appropriations to the Department of Housing and Community Affairs (page VII-2), under Goal A, Affordable Housing, add an appropriately numbered strategy for anti-displacement efforts and appropriate $1,000,000 for the strategy for each year of the state fiscal biennium ending August 31, 2025.

(3) Following the appropriations to the Department of Housing and Community Affairs (page VII-8), add the following appropriately numbered rider:

____. Anti-displacement Efforts for Certain Counties. (a) Using the amounts appropriated above to the Department of Housing and Community Affairs for Strategy A.____.____, Anti-displacement Efforts, the department shall allocate the amount of $1,000,000 for each year of the state fiscal biennium ending August 31, 2025, for the purpose of providing financial assistance to community organizations and nonprofit organizations to study and provide solutions on best practices to address housing displacement and gentrification issues in a municipality that has a population of 1.18 million or more and is located predominantly in a county that has a total area of less than 1,000 square miles.

(b) The Department of Housing and Community Affairs may provide financial assistance to a community organization or nonprofit organization under Subsection (a) of this rider only in accordance with a contract between the department and the organization. The contract must include provisions under which the department is granted sufficient control to ensure the public purpose of addressing housing displacement and gentrification issues is accomplished and the state receives the return benefit.