Relating to a tax credit for affordable housing lenders; prescribing an effective date.
Catchline/Summary:
Expands purposes for which qualified borrower may use loan proceeds, in connection with tax credits allowed for affordable housing lenders, to include limited equity cooperatives, with certain conditions. Expands purposes for which qualified borrower may use loan proceeds, in connection with tax credits allowed for affordable housing lenders, to include limited equity cooperatives, with certain conditions.
Applies to tax years beginning on or after January 1, 2024.
Takes effect on 91st day following adjournment sine die.
Oregon Legislative Assembly - Public Testimony Registration Form
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HB 2465 Joint Committee On Tax Expenditures
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