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House committee backs bill to let qualified nonprofits acquire tax-delinquent properties for redevelopment
Summary
Senate Bill 129 creates a mechanism for qualified nonprofits to acquire tax-delinquent properties after a waiting period to rehabilitate blighted properties, with provisions addressing density, accessory dwelling units, fire-response cost recovery and protections for binding local approvals; committee recommended the bill favorably 13-1-1.
The House State Government Committee recommended Senate Bill 129 favorably after sponsor Senator Rocky Adams described the bill as a tool to address vacant and abandoned properties and expand affordable housing opportunities, particularly in Metro Louisville.
Adams said the bill grew from the interim housing task force and would allow qualified nonprofits to acquire tax-delinquent properties that local governments have been holding. Under the bill, a qualified nonprofit can be certified by the Department of Revenue and, after a 90-day waiting period, submit a proposal to acquire delinquent lots for rehabilitation or revitalization.…
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