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Committee hears bill to expand allowable uses of local affordable-housing tax revenues
Summary
Senate Bill 6027 would expand permissible uses of certain local sales-and-use tax revenue and state-shared local tax funds to include rehabilitation, operations and maintenance of existing affordable housing, rental assistance in specified counties, and broader grant-eligible expenses; housing providers and local officials endorsed the bill citing federal funding uncertainty.
Senate Bill 6027 was presented to the House Finance Committee on Feb. 26 as a measure to broaden allowable uses of local option sales-and-use tax revenues and related state-shared taxes for affordable and supportive housing.
Committee staff summarized the bill’s key changes: adding rehabilitation of existing affordable housing (including emergency, transitional and supportive housing) to allowable uses; permitting operations and…
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