Senate File 2742 collects legislative proposals based on recommendations from the long‑term solutions to affordable housing task force and seeks to protect existing nonprofit affordable and supportive housing from financial distress.

Senator Port described factors stressing nonprofit housing finances: post‑pandemic operational costs, high interest rates, sharply rising property insurance and security expenses, and lack of sustainable service funding. Will Delaney, interim co‑executive director of Hope Community, described the Dundree House, a 25‑unit supportive building his organization acquired in 2002 that later faced escalating resident needs, security costs and pandemic‑era challenges. Hope Community ultimately boarded the building; it later suffered a major fire and was condemned and is now a vacant lot. Delaney said some legislative options in SF 2742 could have helped preserve that property.

During questions Senator Graham asked whether proposed numeric funding amounts were $50,000,000 one‑time and $10,000,000 ongoing; Senator Port said the bill is being laid over and those numbers may change. Senator Lucero asked whether a program provision would create a new requirement to accept Section 8 vouchers; committee staff (Miss Painter) said she would follow up with details. Committee discussion emphasized the need for low‑ or no‑cost policy actions where possible and to prioritize preservation of existing affordable housing.

The bill was laid over for possible inclusion in a future omnibus; specific fiscal figures and program mechanics were not finalized in the hearing record.