6277-S AMH LAND OLSE 040

SSB 6277 - H AMD 1392

By Representative Ladenburg

ADOPTED 03/08/2012

    On page 7, line 5, after "(1)(a)(ii)(B)" insert ".   For any multi-unit housing located in an unincorporated area of a county, a property owner seeking tax incentives under this chapter must commit to renting or selling at least twenty percent of the multi-family housing units as affordable housing units to low-and moderate-income households.  In the case of multi-unit housing intended exclusively for owner occupancy, the minimum requirement of this subsection (6) may be satisfied solely through housing affordable to moderate-income households"

EFFECT:  Adds minimum affordable housing requirements for the multi-unit property tax program in the unincorporated area of counties. 

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