Officials say valuations for Grand Forks subsidized homes too high
Grand Forks City Council members Monday recommended lower property assessments on apartment buildings used for low-income housing.
The properties are managed by the Grand Forks Housing Authority but owned by for-profit groups that participate in subsidized-housing programs. The authority requested the city provide the lower assessments because valuations were rising faster than landlords’ ability to raise rents to make up for their higher tax liabilities.
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