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Panel expands tax‑increment financing to cover affordable housing, narrows blight test and sets AMI cap
Summary
The committee approved legislation extending Wyoming's tax‑increment financing (TIF) program to permit use for affordable housing, adopted amendments replacing the income‑share definition with a 120% area‑median‑income (AMI) cap, reduced the blight‑factor threshold and added an eminent‑domain limitation before advancing the bill 11–3.
The committee voted to expand tax increment financing (TIF) to support affordable housing projects, modifying the existing urban renewal code to allow TIF for new construction of affordable units and to clarify valuation rules for project areas.
LSO attorney Josh Anderson described 25LSO0025 as an expansion of the Wyoming urban renewal code to authorize development and affordable housing as TIF‑eligible activities and as a set of conforming changes to definitions and valuation processes.
Ken Gill of the Department of Revenue warned the committee about administrative…
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