NC House committee wants to close costly tax loophole for affordable housing

By: Greg Childress

Outlets: North Carolina Newsline

Published: March 19, 2026

Words: 897

Last Updated: 2 days, 2 hours ago

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A North Carolina House committee examining property tax reform is considering a sweeping proposal to close a tax loophole for low- and moderate-income housing that’s costing local governments tens of millions of dollars in revenue.

The loophole in current law gives generous property tax cuts to for-profit apartment complex owners that partner with qualifying nonprofits, as NC Newsline previously reported.

The scheme, described by critics as a “rent-a-nonprofit structure,” allows for-profit apartment complex …

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