Working to transform the child welfare system.

Bills

HB 2437: Encouraging investments in affordable and supportive housing

 

A county legislative authority may authorize, fix, and impose a sales and use tax. Funds collected will be used for the following purposes: 
 
• acquiring, rehabilitating, or constructing affordable housing,
• funding the operations and maintenance costs of new housing units, and 
• providing rental assistance to tenants.
 
Non-profits or public housing authorities may carry out these practices and receive the funds through grants.
 
Counties and cities imposing the tax would report annually to the Housing Finance Commission on collection and use of the funds. 
 
The tax would expire 20 years after the date the tax is first imposed.