2017 Senate Bill 5182: Providing local governments with options to preserve affordable housing in their communities

Introduced by Sen. Joe Fain (Auburn) (R) on January 16, 2017

Referred to the Senate Human Services, Mental Health & Housing Committee on January 16, 2017

Referred to the Senate Ways & Means Committee on February 10, 2017

Substitute offered in the Senate on February 23, 2017

Allows a city or county to adopt a property tax exemption program to preserve affordable housing for very low-income households. To qualify for this exemption, a minimum of 25 percent of units in a multiple-unit property must be affordable, and in return the property is exempt from local property taxes for 15 consecutive years.

Referred to the Senate Rules Committee on February 24, 2017

Referred to the Senate Human Services & Corrections Committee on January 8, 2018

Substitute offered in the Senate on January 15, 2018

Allows a city or county to adopt a property tax exemption program to preserve affordable housing for very low-income households. To qualify for this exemption, a minimum of 25 percent of units in a multiple-unit property must be affordable, and in return the property is exempt from local property taxes for 15 consecutive years.

Referred to the Senate Ways & Means Committee on January 17, 2018

Referred to the Senate Rules Committee on February 2, 2018