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File #: 18949    Version: 1 Name: Ecumenical Housing Corporation requests $53,575 to pay an unanticipated 2009 tax bill.
Type: Discussion Item Status: Filed
File created: 6/21/2010 In control: COMMUNITY DEVELOPMENT BLOCK GRANT COMMITTEE
On agenda: Final action: 7/1/2010
Enactment date: Enactment #:
Title: Ecumenical Housing Corporation requests $53,575 to pay an unanticipated 2009 tax bill. EHC has been exempt from paying property taxes since 2000. In fall 2009, the state changed their guidelines related to non-profit property tax exemption. The new law required EHC to have 100% of their residents with documented income of 80% CMI or less and applied this requirement retroactively to January 1, 2009. EHC could not meet this requirement retroactively and lost their property tax exemption for 2009. This resulted in the agency having an unanticipated tax bill of $53,575.
Attachments: 1. Ecumenical Housing Cor 2009 Taxes Req.pdf, 2. Ecumenical Housing SR

Title

Ecumenical Housing Corporation requests $53,575 to pay an unanticipated 2009 tax bill.   EHC has been exempt from paying property taxes since 2000.  In fall 2009, the state changed their guidelines related to non-profit property tax exemption.  The new law required EHC to have 100% of their residents with documented income of 80% CMI or less and applied this requirement retroactively to January 1, 2009.  EHC could not meet this requirement retroactively and lost their property tax exemption for 2009.  This resulted in the agency having an unanticipated tax bill of $53,575.