Legislators look to tax credits to incentivize affordable housing builds
From left, Chad Oakland, Wade Jacklin and Josh Suhr lead a discussion about potential housing solutions during Tuesday's leg of the Idaho Legislative Tour.
HAILEY HILL/Press
POST FALLS — State legislators are looking to “reinvigorate the American dream” through proposed tax credit legislation that would incentivize builders to develop properties for middle-income Idahoans.
Under the proposal presented during Tuesday’s leg of the Idaho Legislative Tour, any taxpayer who builds and sells a deed-restricted lot and home dedicated to middle income-Idahoans, or donates land to a community land trust, would receive a tax credit.
The tax credit would be “equal to the difference between appraised market value and actual sales price,” according to the overview presented Tuesday.
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