Bill > H4284

This bill makes supplemental appropriations for fiscal year 2024, totaling $375,000,000, to address housing and community needs, with funds available through fiscal year 2025. * **Emergency Assistance Family Shelters and Services:** $215,000,000 from the Emergency Housing and Community Fund is appropriated to supplement existing appropriations for emergency family shelters and services. * **Affordable Housing and Community Development:** $150,000,000 from the Emergency Housing and Community Fund is appropriated for state financial assistance to accelerate affordable housing development, preserve housing for low-income families, address critical capital needs in public housing, and capitalize a revolving fund for multifamily housing production. This funding prioritizes projects that address the unhoused crisis, meet decarbonization and sustainability standards, and promote geographic equity. * **Supportive Services for Unhoused Families:** $10,000,000 from the General Fund is appropriated for supportive services and safe shelter for unhoused families, including immigrant and refugee health services, community supports, childcare, and medical interpreter services. Monthly reports on expenditure are required. * **Transitional Escrow Fund Transfer:** $873,000,000 is transferred from the Transitional Escrow Fund to the Emergency Housing and Community Fund. Any unobligated balance remaining in the Transitional Escrow Fund as of June 30, 2024, will also be transferred. * **Reversion of Funds:** Any unexpended funds in the Emergency Housing and Community Fund as of July 1, 2025, will be transferred back to the Transitional Escrow Fund.