Relating to colocation of low-income senior housing on school district property; declaring an emergency.

Directs Housing and Community Services Department to establish pilot program to provide housing for low-income seniors on school district property. Directs department to select one or more school districts to construct low-income senior housing development on property. Directs department to select one or more affordable housing providers to serve as property managers of low-income senior housing developments. Authorizes issuance of lottery bonds to finance construction of low-income senior housing development. Creates Low-Income Senior Housing Colocation Fund. Continuously appropriates moneys in fund to Housing and Community Services Department. Directs department to use moneys in fund to finance construction of low-income senior housing development. Declares emergency, effective on passage.