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Landrieu Administration Opposed to Bill That Would Lower Property Taxes For Low-Income Housing

The bill would cause the city to lose out on $2.8 million in property taxes

Mayor Mitch Landrieu is opposed to a bill in the Louisiana Legislature right now that would give tax credits to developers of low-income housing projects.

The bill would make building low-income housing more cost-effective, but the city would lose out on $2.8 million in property taxes.The bill sailed through a house committee Monday, but the Landrieu administration has expressed firm opposition.

The administration argues that property tax breaks should be negotiated within the city, not state-wide, citing a housing community for veterans in Gentilly that negotiated payment with the city in lieu of tax credits.

Landrieu administration will fight tax protection for low-income housing developers [NOLA.com]
Tax protection for developers of low-income housing sails through committee [NOLA.com]
Homes for post-9/11 veterans in Gentilly nearing construction [NOLA.com]