On Aug. 11, Eva Young wrote:
"Tim Bonham raises a good point about St Thomas and the property taxes.
I believe the affordable housing non-profits - CCHT, PPL etc. also don't pay
property taxes on the property they own. Urban Ventures - same story."
Actually, Central Community Housing Trust (CCHT) and most other
affordable housing non-profits actually DO pay property taxes on their
affordable housing. The MN law that provides for non-profit property tax
exemptions specifically excludes nearly all affordable rental housing from the
exemption. Central Community Housing Trust pays property taxes on ALL of its
affordable housing, and will pay nearly $1 million in property taxes and
assessments in 2005.
Alan Arthur
President, Central Community Housing Trust
[EMAIL PROTECTED]
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