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Published on Friday, February 26, 2016

Affordable housing property tax exemption bill faces new challenge

The bill to incentivize affordable housing preservation through targeted tax exemptions has run into a new hurdle. The House Community Development & Housing Committee adopted a striking amendment that limits the tax exemption eligibility to only properties owned by nonprofit organizations. This places the bill on uncertain ground as the coalition supporting this bill is now questioning whether it is worth moving forward due to the limited applicability of the bill.

Categories: Housing