This increases the amount of tax incentives and reimbursements for developers. And it allows unused housing to be declared as brownfield. This is a corporate welfare providing tax benefits to land developers. And more often than not, it is a means for developers to create higher end housing or commercial property at a discount, rather than the affordable housing as portrayed by its sponsors. And it is all at taxpayers’ expense.
Sen. Nesbitt voted no.
Wendzel voted yes.
Bill passed and signed by governor.
Signed by governor on July 18, 2023: PA 89 of 2023