ND House Strips $30 Million From Dalrymple’s Budget For Housing Incentive Fund

coreymock

Today there was floor debate over Governor Jack Darlymple’s Housing Incentive Fund. The fund asks for private sector donations to subsidize low-income housing, for which contributors get a dollar-for-dollar tax credit up to a $15 million total cap. Which basically means the taxpayers are ultimately footing the bill.

The fund barely hit its $15 million mark last year, yet Dalrymple wants the fund expanded to $50 million this year, with an expansion of the contribution program up to $20 million and another direct $30 million contribution for subsidies.

The House passed amendments to strip out the $30 million appropriation, but left in place the 33% increase in funding for the tax credits, but not without some push back from Democrats:

Ultimately the amendments passed on a 60 – 30 vote (4 not voting).

The idea that the state needs to provide any sort of incentive to build housing in North Dakota is a bit ridiculous. There is plenty of incentive to build housing in this booming state of ours, and all new housing increases the total supply of housing available, working to ease prices.

To hear Democrats, particularly Rep. Corey Mock in the video above, tell it we won’t increase the supply of housing without government subsidies. This is silly.

It’s a sop to property developers, and even a 33% increase in the fund is objectionable given that taxpayers are really the ones footing the bill, but we can at least be happy that Dalrymple and Democrats didn’t get more through the House.

The question will be how much of the funding the Senate puts back in.

Rob Port is the editor of SayAnythingBlog.com. In 2011 he was a finalist for the Watch Dog of the Year from the Sam Adams Alliance and winner of the Americans For Prosperity Award for Online Excellence. In 2013 the Washington Post named SAB one of the nation's top state-based political blogs, and named Rob one of the state's best political reporters. He writes a weekly column for several North Dakota newspapers, and also serves as a policy fellow for the North Dakota Policy Council.

Related posts

  • Lianne

    One very small step in the right direction, but only a very small step.

    • http://sayanythingblog.com Rob

      It’s kind of sad that we have to applaud a reduction down to *only* a 33% increase.

      • Lianne

        I think of it as catching someone doing a good thing and complimenting them on that particular act rather than constantly yelling at them for all their bad, immature, liberal, progressive taxandspendth actions on government programs. :-)

        but, yes, it is incredibly sad. And this program is especially ridiculous—and Mock hearing from Grand Forks and Fargo because of THEIR growth?

    • Roy_Bean

      I see this as a smaller step in the wrong direction. This state is spending like drunken sailors and still taxing an extra $500,000,000 out of the oil patch. We have been ending the biennium with a surplus of $1,000,000,000. If that money was left in the local economy that would go a long way towards ending the housing shortage.

      • Lianne

        The house incentive fund should NEVER have been set up in the first place. Getting rid of it would be the whole right thing to do. Do you think we can get that done?

  • Kevin Flanagan

    When are they going to send the money back to me that they overtaxed?

  • Not Amused

    Oh it was only a few years ago when Mr. Mock was proudly sporting his Obama t-shirt in University park in Grand Forks. I remember it like yesterday.

    • Hal414

      Oh it was only a few years ago when Rob was supporting Comrade Mock for SOS. I remember it like yesterday. I find it ironic that Rob now is the one who labels weak politicians RINO’s and places them into the SAB “hall of shame”. Rob’s actions make him deserving of both honors, at times.

  • Stuart

    I am for a rainy day fund, but am also an accountability nut when it comes to schools and Colleges asking for more than they actually need. That is a trick and these Principals and Chanchelors know it. Come in many millions high and still get more than you need. Then repeat the pattern year after year regardless what the tax payer has to pay for these tactics!

    Great plan to achieve a deceitful end product.

  • cylde

    Government do gooders interfering in the housing market caused all the trouble we have had for the last 4 years. Obama has not helped return to normal and just makes things worse.

  • slackwarerobert

    What is wrong with letting them take it off their taxes. If it starves the government of revenue it is worth it. You can pull the donations later on after they have shrunk the government down to size and you can afford to pay them taxes again. Build the homes way out in the boonies so you don’t have to listen or see them. Spread them out so they can’t vote idiots into office.

Top