2024 -- S 2555 | |
======== | |
LC005216 | |
======== | |
STATE OF RHODE ISLAND | |
IN GENERAL ASSEMBLY | |
JANUARY SESSION, A.D. 2024 | |
____________ | |
J O I N T R E S O L U T I O N | |
MAKING AN APPROPRIATION OF $20,000,000 FOR THE HOUSING DOWN PAYMENT | |
ASSISTANCE PROGRAM | |
| |
Introduced By: Senators Mack, Bissaillon, Gu, Kallman, and Valverde | |
Date Introduced: March 01, 2024 | |
Referred To: Senate Finance | |
1 | WHEREAS, In the enacted 2023-2024 Fiscal Year Budget, $20 million was appropriated |
2 | as a line item for Housing Down Payment Assistance; and |
3 | WHEREAS, The Down Payment Assistance monies provided up to $20,000 in down |
4 | payment assistance to eligible first-time home buyers to promote homeownership and remove |
5 | barriers to homeownership opportunities for low- and moderate-income first-time homebuyers; |
6 | and |
7 | WHEREAS, The Governor's 2024-2025 Fiscal Year proposed budget no longer funds |
8 | this critical and essential program, leaving many Rhode Island families without the ability to |
9 | create a brighter and more secure future for their families; now, therefore be it |
10 | RESOLVED, That there is hereby appropriated out of any money in the treasury not |
11 | otherwise appropriated for the fiscal year 2024-2025, the sum of twenty million dollars |
12 | ($20,000,000) to support the Down Payment Assistance program; and the state controller is |
13 | hereby authorized and directed to draw his orders upon the general treasurer for the payment of |
14 | said sum, or so much thereof as may be from time to time required, upon receipt of properly |
15 | authenticated vouchers. |
======== | |
LC005216 | |
======== | |
| |
EXPLANATION | |
BY THE LEGISLATIVE COUNCIL | |
OF | |
J O I N T R E S O L U T I O N | |
MAKING AN APPROPRIATION OF $20,000,000 FOR THE HOUSING DOWN PAYMENT | |
ASSISTANCE PROGRAM | |
*** | |
1 | This resolution would authorize the appropriation of the sum of $20,000,000 to support |
2 | the Down Payment Assistance program. |
======== | |
LC005216 | |
======== | |
| LC005216 - Page 2 of 2 |