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Lawmakers revise community housing infrastructure bill and set $14 million cap on education tax increment commitments
Summary
A legislative working session on May 9 reviewed amended language for a draft community and housing infrastructure bill (S.127), focusing on definitions, eligible improvements, board roles and a $14,000,000 cap on education property tax increment commitments.
A legislative working session on May 9 reviewed amended language for a draft community and housing infrastructure bill (S.127), focusing on definitions of affordable housing, the list of eligible infrastructure improvements, which parcels count as a project site, the roles of two review bodies, and a $14,000,000 cap on education property tax increment commitments.
John Gray, Office of Legislative Counsel, walked the group through the draft changes, saying on the definitions work: "on page 1, we're starting with updates to the affordable housing definitions." He described the amended affordable-housing definition as housing "that’s subject to a housing subsidy covenant" and noted the draft picks up covenants required under an existing title-27 definition and specifies affordability "in perpetuity." Gray said the draft defines an "affordable housing development" as a housing development in which "at least 20% of the units are affordable housing units," and removes a prior minimum-5-unit floor found in a title-24 construct.
The draft also narrows the enumerated "improvements" that the program may fund. Gray said the earlier draft had included power and telecommunications but that language was removed and replaced by a more limited, exhaustive list that explicitly references wastewater, stormwater, public roads, sidewalks and…
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