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</b> </i>] Requires the Housing and Community Services Department to award [<i>grants</i>]<b> loans</b> for the predevelopment costs of affordable housing [<i>and a grant to assist nonprofits receiving grants or loans under this Act. Sunsets January 2, 2028</i>].<b> Requires the department to adopt initial rules by June 1, 2026, and to combine other existing predevelopment loan programs.</b> [<i>Establishes the Affordable Housing Predevelopment Loan Fund. Continuously appropriates moneys in the fund to the department to award loans for predevelopment costs of affordable housing.</i>] [<i>Appropriates moneys from the General Fund to the department for grants and loans.</i>] Declares an emergency, effective on passage.