Thank you to all the city leaders that answered the call to sign on to the support letter for HB 1628 – the Affordable Homes Act. A broad cross section of cities from every region of the state understands the critical funding tool that HB 1628 would provide through two new real estate excise tax (REET) sources – one councilmanic local option, .25% REET (REET 3), and a new state REET tier for the portion of property value exceeding $5 million. The state provision is projected to raise $200 million per year for state housing programs.

If you overlooked the Action Alert to join your colleagues, it’s not too late! We still have weeks of work to do to get this bill across the finish line. Add your name now to lend your support for the bill when it gets to the Senate.