Senate Bill 367-- pertaining to mortgage financing program and mortgage guarantee fund, established, Housing Finance Authority to administer program and State Treasurer's Office to administer fund, appropriation from Alabama Capital Improvement Trust Fund, Home Buyers Initiative Act--passed the Alabama Senate.
Senator Barron said this bill is great for the state of Alabama and shows that the members of the Alabama Senate are not just going to wait around on the federal government to bail them out. Barron hopes this bill will create jobs and industry in Alabama for many years to come.
With a vote of 28 yeas and 1 abstention SB367 passed the Alabama Senate.
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