SSB 1259

_____ fund. The home and community-based services revolving loan program fund is used by the economic development authority to administer a revolving loan program to develop and expand facilities and infrastructure that provide adult day services, respite services, congregate meals, and programming space for health and wellness, health screening, and nutritional assessments to address the needs of persons with low incomes. The transitional housing revolving loan program fund is used by the authority for a revolving loan program to provide financing to construct affordable transitional housing, including through new construction or acquisition and rehabilitation of existing housing, located in close proximity to licensed substance abuse treatment programs. 45. The manufactured housing program fund is used by the authority for the purpose of providing funding to financial institutions or other lenders to finance purchases by individuals of manufactured homes that are sited on leased land. The bill also provides that any outstanding loan repayments due to either the home and community-based services revolving loan program fund or the transitional housing revolving loan program fund shall be deposited in the manufactured housing program fund.