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Incentives bill for long-term affordable housing fails in subcommittee
Summary
House Bill 396, which would have limited certain developer incentives to 30 years (instead of in perpetuity) for affordable housing projects, failed in the Cities & Counties Subcommittee on a 2–5 vote.
Representative Hakim told the Cities & Counties Subcommittee on Feb. 19, 2025, that House Bill 396 would change the duration of certain incentives for affordable-housing developers from perpetual terms to a 30-year limit, with the aim of extending incentives to both urban and rural areas.
Hakim said the measure would alter one word in current law to change incentives “in perpetuity” to incentives for 30 years; Senator Gordon Hire from the Senate was identified as a Senate partner on the proposal. Members debated the proposal and then voted against advancing the bill.
The clerk recorded two ayes and five nos on the question and the motion did not move forward.
