Should 1 percent of annual property tax revenues be appropriated to funds for land conservation and affordable housing?
Supporters will see this as a necessary measure to support conservation and affordable housing. Opponents will call it a tax increase. The proposal sets aside 1 percent of property tax revenues to be placed in two funds. Half will go to the Clean Water and Natural Lands Fund, which would be used to acquire real estate for conservation land, and the other half into an Affordable Housing Fund, which would be used to provide and maintain affordable housing for people earning less than 50 percent of the median household income. These funds would accumulate from year to year.
Related Questions
- Can WISH Program funds be used together with other Affordable Housing Program (AHP) subsidy for owner-occupied units?
- How do Community Development advances differ from the funds provided through the Affordable Housing Program?
- Can municipalities raise public funds to purchase conservation land or easements?
