A compromise has been reached on a proposal to remake the state’s affordable housing system, sources tell me.
The House Business and Industry Committee will meet sometime soon to consider the bill. Its chair and another member were part of the group that worked out the compromise, so the bill will likely be sent to the House floor for a vote.
I’ll have details soon. I can tell you that the bill is significantly different than the one approved by the Senate, and, with 13 hours left in the session, the bill will have to go back to the Senate for consideration if the House approves it.
Update, 12:45 a.m.
The Business and Industry Committee has just accepted the compromise bill, which now has to go through the Appropriations and Finance Committee before it can he considered on the House floor. I’ll have a comprehensive report soon.