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Two bills address building affordable housing on faith-owned land; one would create a sales-tax exemption
Summary
HB 18-59 would lower the density-bonus affordability threshold for faith-owned property to 50% and create a new state-and-local sales/use tax exemption for qualifying projects (50% affordable for at least 10 years); supporters say the change helps projects 'pencil out' while counties warn of potential unfunded planning workload.
A bill that aims to unlock underused religious property for affordable housing returned to the House Finance Committee, drawing broad support from faith leaders, cities and housing advocates and questions from counties about implementation costs.
Committee staff Serena Dolly summarized the substitute for House Bill 18-59, saying it reduces the threshold needed to qualify for a density bonus on property owned or controlled by a religious organization to 50% affordable units, requires a city or county to develop policies to implement the density bonus upon request, and creates a new sales-and-use tax exemption for affordable housing projects owned by, built on land owned by, or built in partnership with a nonprofit religious organization. The staff briefing said the…
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