Enactment of this legislation appropriates $100,000,000 one-time from the Transportation Infrastructure General Fund Support Subfund to the newly created State Housing Infrastructure Partnership Fund under the Governor's Office of Economic Opportunity in FY 2027. This legislation authorizes an $18 million loan to the Point of the Mountain State Land Authority in FY 2027. Assuming a 3-year loan at 4% simple annual interest, enactment of this legislation could return revenue to the new fund from loan repayments by around $6 million per year ongoing beginning in FY 2028. Assuming the remaining principal balance is used for 15-year housing development loans at 4% simple annual interest, enactment of this legislation could return revenue to the new Fund from loan repayments by around $7 million per year ongoing beginning in FY 2028. Enactment of this legislation could transfer $50 million from the Transportation Investment Fund of 2005 (TIF) to the newly created Convention Center Reserves Restricted Account in FY 2027 for local government to use if needed for the convention center renovation.

Enactment of this legislation appropriates $100,000,000 one-time from the Transportation Infrastructure General Fund Support Subfund to the newly created State Housing Infrastructure Partnership Fund under the Governor's Office of Economic Opportunity in FY 2027. Enactment of this legislation could disburse $18 million one-time in FY 2027 for a loan to the Point of the Mountain State Land Authority and $82 million one-time in FY 2027 for revolving affordable housing project loans from the new State Housing Infrastructure Partnership Fund created in the bill. Enactment of this legislation authorizes the Department of Transportation to issue $80 million in additional general obligation bonds (plus direct issue costs) for Affordable Housing Infrastructure Grants. The bill could deposit into the Transportation Investment Fund of 2005 (TIF) $80 million one-time in FY 2027 from additional general obligation bond proceeds and disburse those funds for affordable housing projects. Assuming equal annual payments, interest rates of around 3 percent, and a single bond maturity of 15 years, enactment could increase currently authorized debt service costs by about $6.7 million annually for 15 years beginning in FY 2027 from the County of the First Class Highway Projects Fund. Enactment of this legislation could cost the Division of Finance $3,800 ongoing from the General Fund beginning in FY 2027 and $1,800 one-time in FY 2026 to create the new fund in the State accounting system. The bill could cost the Governor's Office of Economic Opportunity $125,000 ongoing from the new housing fund beginning in FY 2027 to staff the new board created in this bill. Finally, it could cost the House of Representatives and the Senate each $500 ongoing from the General Fund beginning in FY 2027 to support the board. Enactment of this legislation could increase costs to the State Treasurer by $100,000 one-time from the General Fund in FY 2027 to contract with a third party to perform an economic study. Additionally, enactment of this legislation could reduce costs to the Transportation Investment Fund of 2005 (TIF) by $50,000,000 one-time in FY 2026 then increase costs to the TIF by $50,000,000 one-time in FY 2027 due to diverting some of the funding for the 300 East renovation project to the newly created Convention Center Reserves Restricted Account for local government use