Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee clarifies use of tax-increment housing set-asides and developer delinquency treatment
Summary
The committee adopted the second substitute and recommended SB 250, clarifying how tax-increment housing set-asides may be used (including for nonprofit housing funds), and permitting agencies to consult with county treasurers to address delinquencies in participation agreements.
The committee unanimously adopted the second substitute and voted to recommend SB 250, community development modifications, which clarifies how community reinvestment agencies (CRAs) and inland port entities may use housing set-asides and how participation agreements interact with delinquent property taxes.
Senator Cullimore (recorded in the transcript as the presenting senator) said part of the bill clarifies inland port authority options if they choose to use a discretionary housing set-aside and explains how that money…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
