Creates an opportunity for entities to establish a workforce housing investment fund
HB 1716 establishes a state grant program to create workforce housing investment funds in rural communities (populations under 50,000). Nonprofit development organizations can apply for grants up to $1 million over two years to launch these funds, requiring a 1:1 match from private or local sources. The program supports projects like new construction, rehabilitating dilapidated housing, or upper-story development, with units costing no more than $275,000 (owner-occupied) or $200,000 (rental) per unit. Grantees must report annually on fund usage, achieve occupancy within 24 months, and maintain financial oversight through independent audits.
Bill status
in committee
1 of 4 stages cleared
Introduction
Dec 2025
Committee Review
Floor Vote
Governor
Introduced Dec 1, 2025
Last action Mar 3, 2026
Maddy AI version diff · 1 comparison
What changed between versions
Introduced
→
House Committee Substitute
·
4 edits
MODERATE
The bill was amended to reclassify it as a House Committee Substitute and updated the bill number from 4077H.01I to 4077H.03C. The most significant substantive change is the increase in the maximum grant amount from one million dollars to two million dollars per nonprofit development organization over a two-year period, with a cumulative cap extended through fiscal year 2029. The matching fund requirement was also increased from one-to-one to four-to-one, meaning nonprofits must now contribute four dollars for every one dollar of grant funding received.
Scope change
The bill's scope regarding workforce housing assistance funding was expanded to allow larger grant allocations while simultaneously increasing the financial commitment required from recipient organizations.
FISCAL
Maximum grant amount per nonprofit organization increased from one million dollars to two million dollars over a two-year period.
REQUIREMENT
Matching fund requirement for grants increased from one-to-one to four-to-one ratio.
TIMELINE
Cumulative grant cap extended through fiscal year 2029.
TECHNICAL
Bill classification changed from 'Introduced' to 'House Committee Substitute' with updated bill number 4077H.03C.
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
8
Key actions
2
Committee
3
Mar 3, 2026
Lower · Passed
HCS Reported Do Pass (H) - AYES: 13 NOES: 0 PRESENT: 1
lower
Mar 3, 2026
Lower · Passed
HCS Voted Do Pass (H)
lower
Feb 12, 2026
Committee
Referred: Economic Development(H)
lower
Dec 1, 2025
Introduced
Prefiled (H)
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Greg Sharpe
RRepublican
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