Senate committee advances transit-oriented housing bill after amendment debate
The committee recommended due pass for substitute House Bill 1491, which sets transit-oriented development requirements, creates a 20-year multifamily tax exemption tied to affordability, and tasks Commerce with technical assistance; one proposed amendment to allow local affordability adjustments failed.
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Second Substitute House Bill 1491, a package aimed at promoting transit-oriented housing and a 20-year multifamily tax exemption (MFTE) in station areas, received a due-pass recommendation from the Senate Housing Committee on March 26.
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