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Senate-House negotiators present $200 million CHIP framework, leave final approval pending
Summary
Negotiators in the Senate-House conference on S.127 described a draft financing framework that would use a $200 million CHIP (tax-increment) structure, a 10-year issuance window and a 20-year increment retention; participants said the plan could return about $38 million to the education fund but no formal vote was taken.
Negotiators in a Senate-House conference on S.127, the omnibus housing bill, described a draft financing framework that would authorize roughly $200 million in projects financed under a CHIP-style tax-increment structure, with a 10-year issuance period and 20 years of increment retention, participants said.
The negotiators said the package assumes a roughly 75 percent capture of the increment and that, under that scenario, the education fund portion would see about $38 million returned over the period. "We have confirmation that the administration could sign this bill," one conference participant said.
The discussio…
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