[Mpls] RE: Nonprofits, affordable housing and property taxes

[Alan Arthur]

	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
	aarthur at ccht.org