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Board members urge streamlined property-tax exemptions to speed affordable housing; Turner Center proposals cited
Summary
Board members discussed ways the Board of Equalization could help streamline property-tax exemptions to incentivize affordable housing construction and preservation, citing a Turner Center brief and the governor’s proposed housing agency reorganization as potential opportunities.
Board members on May 28 discussed strategies to use property-tax exemptions and administrative changes to accelerate affordable housing production and preservation in California.
Member Amber Vasquez introduced the item and cited a Turner Center Housing Innovation brief: "A 4 month delay can add almost $20,000 per unit in cost," she said, summarizing the brief’s claim and urging the board to consider streamlining procedures where the board and county assessors play a role. Vasquez said the state needs a more coordinated approach and referenced the governor’s proposal to reorganize…
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