There were several Study Committees and Task Forces undertaken since the end of the last legislative session with direct impact on affordable housing:
Senate Study Committee on Homelessness (SR 352) Sen. Renee Unterman (R-Buford), Chair
The materials and testimony gathered by this Committee were extensive and are archived here and discussed in the Report and Recommendations. The 15 member Committee included Senators, representatives at the highest levels from DCH, DCA, Aging Services, DBHDD, Fulton County Board of Health, ARC, and DFCS. The recommendations included:
Sen Study Committee on Special Tax Exemptions (SR 222) Rep. John Albers (R-Alpharetta), Chair
The Report by the six Senate members of the Committee sought to evaluate the costs and benefits of the state’s income and sales tax exemptions, and focused on six separate tax exemptions as well as the process and rationale for tax exemptions and the means to evaluate them. The Committee created a schedule for future evaluations of the state’s income and sales tax expenditures with a plan for review of each every five years. The Low Income Housing Tax Credit is proposed for review in 2018.
House Low Income Housing Tax Credit Study Committee (HR 798) Rep. Dale Rutledge (R-McDonough), Chair
This Committee included five members of the House. The materials and testimony presented are archived here. The Final Report reviewed the history and purposes of the LIHTC and the testimony received, concluding that the Department of Community Affairs (DCA) is successfully administering and guiding the program (p.4), but concerns were detailed regarding the valuation of LIHTC properties, concluding: “The study committee recognizes and supports continued efforts by the General Assembly to ensure that the value of the low-income housing tax credits is not included in the fair market value of the property.” (p. 5) The Committee’s recommendations included:
Elizabeth Appley, Georgia ACT Legislative Consultant