Conference committee debates S.127 CHIP rules, but‑for test and affordability limits
Members of the S.127 conference committee discussed competing proposals for the Capital Housing Infrastructure Program (CHIP) and related tax‑increment financing (TIF) rules, including the structure of a "but‑for" test, affordability thresholds, retention rates, timeline and rulemaking, and roles for VHFA and DHCD.
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Conference committee members meeting May 28 debated how S.127 would shape a new Capital Housing Infrastructure Program (CHIP), focusing on how to measure project need, affordability rules and program mechanics.
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