Promoting transit-oriented development.

Also relevant to:Public transit user

Where it is in the process

Plain-English Summary

This bill expands programs that offer tax exemptions and deferrals to encourage the development of affordable housing. It allows new housing construction, conversion, and rehabilitation projects located in designated "station areas" near transit stops to be exempt from property taxes for 20 years if a portion of the units are affordable to low-income households. The bill also modifies existing sales and use tax deferral programs for converting commercial buildings to multifamily housing, requiring a portion of units to be affordable.

No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text

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