Amend the bill, as and if amended, SECTION 1, by striking Section 48-61-50(A) and inserting:
/ (A) In the issuing of loans, the authority must:
(1) prioritize the buyout of blocks or groups of homes rather than individual homes so that no more than fifteen percent of funds disbursed in a fiscal year go toward individual home buyouts;
(2) prioritize buyouts of single-family primary residences and multi-family residences;
(3) consider the availability of additional funding sources leveraged by a project;
(4) prevent the use of the fund for homes built after July 1, 2020;
(5) prevent the use of the fund for proposed projects that involve the use of eminent domain; and
(6) prioritize the use of the fund for low and moderate income households making less than one hundred twenty five percent of the median household income in the jurisdiction of the eligible fund recipient. /
Renumber sections to conform.
Amend title to conform.