Many of our members have expressed concern for SB1168, which would limit contingencies on real estate contracts to one hundred-eighty (180) days for zoning, permitting, etc. From what has been expressed by membership, this is simply not enough time for LIHTC developers.
Please note that SB1168 was passed out of the Judiciary Committee yesterday evening. Click on the hyperlink below to view more information or to track this bill.
|SB1168||Property; authorizing use of certain contingency for real estate contracts. Effective date.|
|2/15/2022||S||Reported Do Pass Judiciary committee; CR filed|
If this bill is of importance to your organization, you may want to reach out to your State Senator at this time.