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BOE accepts informational report on using welfare exemption to support affordable housing
Summary
The BOE accepted an informational report on using the welfare exemption to incentivize affordable housing and financing, highlighting proposals such as third‑party tenant certification and earlier waivers in financing timelines.
The Board of Equalization on Oct. 21 accepted an informational report on proposals to use the property tax welfare exemption as a tool to support affordable housing development and financing.
Member Vasquez summarized recommendations heard earlier from the UC Berkeley Turner Center and the California Housing Partnership, noting several options could require legislative…
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