SB28 revises provisions for municipalities, including tax increment areas for affordable housing and transportation projects.
SB28 amends Nevada law to revise requirements for municipalities, including the creation of tax increment areas for specific projects. These projects include affordable housing, fixed guideway, high-capacity transit, multi-family housing, transit-oriented development, and transportation projects. The bill also modifies the criteria for affordable housing projects and requires municipalities to adopt at least six measures to maintain and develop affordable housing. Additionally, it mandates annual reporting on the impact of these measures and sets new criteria for tax increment areas.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.