Establishes the block by block homeownership program

2025 Regular Session Introduced by Crystal Peoples-Stokes

Establishes a state block-by-block homeownership program to expand access to homeownership and stabilize neighborhoods through targeted funding and partnerships.

PRINT NUMBER 6290A

Bill Summary: A 6290 – Establishes the block by block homeownership program

Overview

Bill number: A 6290

Title: Establishes the block by block homeownership program

Sponsor: Crystal Peoples-Stokes (primary)

Status: PRINT NUMBER 6290A (amended version)

Introduced: March 3, 2025

Related actions:

Referred to the Housing committee on March 3, 2025
Amendments (T) and reconfirmations to Housing on April 23, 2025
April 23, 2025: PRINT NUMBER 6290A (amended version)

Related/companion bills: A 9918 (prior-session); S 1398 (companion)

Purpose and intent

The bill seeks to establish a state-level program described as a “block by block homeownership program.” While the full text is not provided here, the title indicates the bill intends to create a framework to promote and facilitate homeownership in a targeted, block-level or neighborhood-focused manner. The program would presumably involve state guidance, funding mechanisms, and administrative oversight designed to advance access to homeownership and potentially stabilize neighborhoods through a coordinated approach.

Key provisions (notes)

The exact statutory language and operational details are not included in the materials provided. Consequently, the specific provisions, eligibility criteria, funding sources, administration, oversight, and performance metrics are not explicitly stated here.

Based on typical features of a program of this type, expected components (subject to confirmation in the bill text) may include:

Establishment of a governing body or agency responsible for administering the program
Eligibility criteria for applicants or participating communities
Funding mechanisms (grants, loans, incentives, or use of state funds) and appropriation authority
Partnerships with local governments, lenders, non-profit organizations, or community development entities
Reporting requirements and measurable outcomes (e.g., homeownership rates, neighborhood stabilization indicators)
Rules for implementation, compliance, and possible sunset or renewal provisions

Affected parties and impact

Potentially affected: aspiring homebuyers, existing homeowners, and neighborhoods targeted for block-level improvements

Stakeholders may include local governments, housing agencies, lenders, and community-based organizations collaborating to implement the program

The impact is anticipated to be focused on expanding access to homeownership and fostering neighborhood-level stability and growth, contingent on the final program design and funding

Procedural and timeline considerations

Introduction and referral: March 3, 2025 (referred to Housing)

Amendments and reconfirmations: April 23, 2025 (amendment activity and reconfirmation to the Housing committee)

Amendments: The 6290A version is an amended form of the bill

Next steps to watch: Passage through the Housing committee, potential floor votes, and any fiscal impact statements or sponsor amendments; comparison with related A 9918 and S 1398 to align provisions and understand broader legislative intent

Notes

The exact text and substantive provisions are not included in the provided materials. For a complete understanding, review the bill text of A 6290 (and the amended A 6290A) when available, along with any fiscal notes, committee reports, and companion bill language (A 9918 and S 1398).