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Senate panel advances housing measures to spur large multifamily projects and infrastructure financing
Summary
The Senate committee advanced two bills to expand financing tools for residential development: SB 25 would allow industrial revenue bonds for multifamily projects of 48 units or more; SB 50 would create a residential infrastructure development district to finance infrastructure for new developments for up to 30 years.
Frankfort — The Senate committee advanced two housing bills intended to expand tools for financing residential development.
Senate Bill 25, sponsored by Sen. Robbie Mills and adopted with a committee substitute, narrows the measure to allow industrial revenue bonds to be used for residential multifamily projects of 48 units or more; earlier language addressing planning and zoning was removed in the substitute.
Senate Bill 50, also reported out of committee, would create a residential…
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