SB327: Affordable Housing Payment In Lieu of Taxes Expansion Act
Legislative Summary
Authorizing an owner of real property used for rental housing and the governing body of a county to enter into a payment in lieu of taxes agreement for maintaining at least 25% of the rental housing units located at the real property as affordable dwelling units for at least 15 years; and authorizing the governing body of the county to require the owner of real property to maintain a higher percentage of rental housing units as affordable dwelling units than the minimum percentage specified in the Act.
Demographic Impact
Overall analysis of equity impact
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Bill History
Amendments
Favorable with Amendments 653622/1 Adopted
Favorable with Amendments 653622/1 Adopted
Roll Call Votes
Status Information
Sponsors
Primary Sponsor
