Housing: state money for affordable homes
What they say
His campaign lists SB25-006 as a bill he sponsored to create a 50 million dollar fund for affordable housing.
“SB25-006, to create a $50 million fund to help finance affordable housing”
What the record shows ·
The signed act names Rutinel and Bradfield as House prime sponsors. It lets the State Treasurer invest state money in bonds for affordable for-sale housing, with an initial investment of no more than fifty million dollars, and reinvest the principal as it is repaid. It was signed on May 15, 2025.
Limit: The law lets the Treasurer invest up to 50 million dollars, and reinvest it, in bonds for affordable for-sale housing; it is not a separate fund.