S2312 — Allows projects supported by State or municipal affordable housing trust fund to be exempt from property tax and to instead contribute to municipal services by making payments in lieu of taxation.

S2312 — Allows projects supported by State or municipal affordable housing trust fund to be exempt from property tax and to instead contribute to municipal services by making payments in lieu of taxation. · Informed CitizenryThis bill authorizes municipalities to grant real property tax exemptions to housing projects and programs supported by the State or municipal affordable housing trust funds. Under the proposal, th…Open in Informed Citizenry