Committee advances bill to broaden CPACE program eligibility for multifamily housing

2129074 · January 17, 2025

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Summary

House Bill 120 would update the definition of multifamily housing facilities for the Commercial Property Assessed Clean Energy (CPACE) program, making more projects eligible to participate; the committee passed the bill in executive action by voice vote.

Committee staff summarized House Bill 120 as updating the definition of "multifamily housing facility" for purposes of the CPACE program, which would allow more properties and projects to participate in CPACE financing.

No opponents were recorded in executive action. The committee approved the bill by voice vote; a proxy was noted that Representative Running Wolf voted aye by proxy.

Committee staff did not identify additional fiscal implications during the brief executive-action discussion recorded in the transcript.