Dwelling Unit Revolving Fund (DURF)
DURF was established pursuant to Act 105, SLH 1970, which authorized the issuance of $125,000,000 of general obligation bonds to carry out the purposes of the Housing Development Program. Funds may be used for the acquisition of real property; development and construction of residential, commercial and industrial properties; interim and permanent loans to developers; and all things necessary to carry out the purposes of the Housing Development Program, including administrative expenses.
Act 132, SLH 2016, authorized the use of DURF finds to finance regional infrastructure projects in conjunction with the counties, private landowners and developers.
Act 39, SLH2018, appropriated $10 million to DURF. This appropriation will increase its corpus by 10 percent.