REET Exemption
Provide a Real Estate Excise Tax (REET) exemption as an incentive to sell property to affordable housing developers (SB5642/Mullet, HB1643/Hackney)
This will incentivize sales to affordable housing providers and give them a leg up when competing for increasingly scarce land for multifamily housing. This policy was passed in 2020 (HB 2634/Walen) but vetoed by the Governor with many other bills due to the unknown impact of the pandemic on the state budget at that time.