Laramie, WY – State legislative leaders have rejected rules adopted by the Wyoming Business Council for a program that will subsidize housing infrastructure.
The program would provide public money to help developers build sewer lines, water lines and streets for housing projects. The Legislature gave the program a million dollars in funding earlier this year, with the goal of providing more affordable housing in Wyoming.
But now, the Wyoming Business Council might not be able to take applications for the program until March. That's because state lawmakers have rejected rules that would have set a minimum interest rate on loans under the program.
Proponents of the program are pushing forward nonetheless, and want the Legislature to provide additional funding.