HB 1035 Expanding Local Government Options to Grant Rent Relief and Preserve Affordable Housing

Posted By: Alex Robertson (deleted) 2022 Legislative Session,
Bill Summary
  • Authorizes cities and counties to create an affordable housing incentive program for housing rented at below market level.
  • Multifamily housing units must be 25 years old or older.
  • 25% or more of the units must meet the requirement of "affordable"
  • Authorizes an affordable housing incentive program to provide a six year property tax exemption to certain qualifying properties.
  • Establishes various program requirements and administrative provisions.

Bill Schedule
  • Hearing in the House Finance Committee on January 18th at 1:30 pm