Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Supportive Housing Tax Credit topic
No spam. Unsubscribe anytime.
Senate file 2976 would allow state housing tax credit proceeds to support supportive‑services funding and adjusts metro housing sales‑tax split
Summary
Senate File 2976 would add supportive services as an eligible use of the state housing tax credit and would adjust the metropolitan sales‑tax proceeds split, moving a 25% share from metropolitan cities to metropolitan counties. The committee adopted technical and formula amendments and laid the bill over for possible omnibus inclusion.
Senate File 2976 would modify the state housing tax credit to allow supportive services to be an eligible use of proceeds and would adjust the allocation formula for the metropolitan sales tax for housing passed in 2023.
Sponsor Senator Port said the bill would let nonprofits and supportive‑housing providers use the state housing tax credit to fund service dollars and service reserves that are essential to preserving supportive housing. Ben Helvick Anderson of Beacon Interfaith Housing Collaborative testified that service funding is the scarcest resource for supportive housing and that allowing donors and developers to raise tax‑credit‑eligible contributions for services would help preserve and sustain homes for people who have experienced homelessness.
Committee members and staff discussed the technical scope of the change; a staff member clarified the amendment was a technical fix to reference the supportive‑housing section rather than services language. The committee adopted an A1 technical amendment and an A2 amendment that readjusted the proceeds of the metropolitan sales tax for housing—removing a 25% share that had gone to metropolitan cities and shifting it to metropolitan counties. Senators debated the amendment’s distributional consequences; some members supported shifting funds to counties as better aligned with local administration while others opposed the change for municipal fiscal reasons.
The committee adopted the amendments and laid Senate File 2976 over for possible inclusion in a future omnibus. No final appropriation or statutory enactment occurred at the hearing.
