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Committee advances Ward bill to modernize welfare property tax exemption for affordable housing
Summary
AB 2089 would streamline the welfare property tax exemption for affordable housing by allowing electronic signatures, easing recertification timing, and extending protections during ownership transitions; assessors and county treasurers warned of operational burdens and requested targeted amendments.
On behalf of Assemblymember Chris Ward, the committee heard AB 2089, which supporters say reduces administrative burdens for nonprofit affordable housing providers and protects project feasibility during ownership transitions.
Silberio Riso Yamas, presenting for the author, said the bill would allow verified electronic signatures, earlier release of forms, and continuity of the welfare exemption during ownership changes to…
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