Clarifies that the dwelling units eligible for the Rent-to-Own Program shall be units that are for sale in fee simple or leasehold on state or county land under a lease with an initial term of not less than ninety-nine years. Increases the time period that the sales price of dwelling units under the Rent-to-Own Program shall remain fixed from five years to ten years after the rental agreement is executed. Effective 7/1/2050. (SD1)
- Chamber
- Senate
- Introduced
- Jan 8, 2025
- Last action
- Jan 8, 2025 — Pending Introduction.
- Session
- 2026
- Momentum
- 60 · High