ID H0593

Exempts low-income housing owned solely by bona fide churches or separate legal entities held solely by bona fide churches from the requirement to be managed by the owner or a related nonprofit organization qualifying under Section 63-602C, Idaho Code.

Church-owned low-income housing properties remain subject to all other qualification requirements, including tenant protections against eviction for inability to pay during catastrophic events and unit affordability levels (55% at 60% median income, 20% at 50% median income, 25% at 30% median income).

Exemption does not apply to properties financed after the act's effective date if federal or state funds, grants, loans, or subsidies permit payment of property taxes, or to properties receiving federal project-based assistance under 42 U.S.C. sections 1437f(d)(2), 1437f(f)(6), and 1437f(o)(13).

Properties financed before the act's effective date may qualify for exemption based on undue hardship if financing was dependent on tax-exempt status and no additional federal or state revenues are available for property taxes.