Military Base TIF Act expands redevelopment projects to include affordable housing and extends obligation issuance time.
The Military Base TIF Act amends South Carolina law to redefine "redevelopment project" to include affordable housing projects. It also extends the time limit for issuing obligations for redevelopment projects from fifteen to thirty-five years. This change applies to projects involving closed or realigned federal military bases, including those affected by the Defense Base Closure and Realignment Act of 1990.
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