Ensuring nonprofit housing providers qualify for a property tax exemption when the property is temporarily used for certain community purposes other than affordable housing.

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Plain-English Summary

This bill modifies property tax exemptions for nonprofit housing providers. It clarifies conditions under which these organizations can loan or rent property for community purposes without losing their tax-exempt status. The changes aim to ensure that temporary uses of property for community benefit do not disqualify nonprofits from property tax exemptions.

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