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Rural Caucus urges CHIP/TIF changes to expand electricity, lower floor‑area thresholds and relax 'but‑for' requirement
Summary
Members of the Rural Caucus addressed the Commerce & Economic Development Committee about proposed amendments to the CHIP/TIF housing provisions, seeking to add electricity infrastructure, lower floor‑area thresholds to enable small‑community reuses of existing buildings, and remove the 'but‑for' test for certain projects.
A Rural Caucus spokesperson told the House Committee on Commerce & Economic Development that caucus members asked for three primary changes to the CHIP/TIF housing provisions under consideration: add electricity infrastructure to the list of eligible improvements; lower the floor‑area threshold so smaller reuses (for example, reusing an old general‑store building with second‑floor housing) qualify; and remove the "but‑for" financing test that requires showing a project would not otherwise occur without the incentive.
The caucus…
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