“We're putting too much money into, effectively, renting people apartments, when I worry about what happens if we see a downturn in the economy. We're not building enough homes, we're not fixing some of the regulatory issues,” Rep. House Republicans opposed the bill and said it didn’t focus enough on creating new housing. The plan would also increase the sales tax in the metro area by a quarter percent to fund affordable housing in the region moving forward. More than $65 million would be spent on homelessness prevention efforts.Īnd $90 million would be directed to community stabilization. $30 million would be earmarked for workforce housing projects in Greater Minnesota. Under the provision, the funds could send up to 10 percent of a home’s purchase price (with a cap of $32,000) to new homebuyers. It would spend $200 million for a new housing infrastructure program.Ī total of $150 million would be designated to help first-generation homebuyers. The proposal could impact up to 5,000 families a year. It would allocate $46 million for a rental assistance program aimed at helping people that federal Section 8 vouchers miss, Howard said. Here are some of the provisions included in the proposal: “This bill represents our most ambitious, historic effort to address our housing crisis investments that begin with making huge strides all across our housing continuum from preventing homelessness to creating new pathways to homeownership,” Howard continued. Michael Howard, DFL-Richfield, Minn., said during floor debate on Monday. But this is a new day,” the bill’s author Rep. “Here at the Legislature, we spent more new money to house animals at the Minnesota Zoo than we put into the Minnesota housing budget. Republican lawmakers and homebuilding organizations meanwhile, said the bill didn’t do enough to address some of the restrictions that lead to higher prices in building new homes in Minnesota. Hyundai's Yoon said the South Korean company plans to introduce more battery-EV models in Indonesia to capture the growing market.įitch Ratings said in February sales of four-wheeled EVs, including hybrid models, in Indonesia is expected to exceed 50,000 units in 2023, up from 20,681 units last year, noting that government incentives could provide potential upside to the forecast.Housing advocates said the measure is needed to reduce homelessness and improve access to affordable housing around the state. The two models are the most popular electric cars in Indonesia. Sales of Wuling Air EV, a small car manufactured by SGMW Motor Indonesia, part of a joint venture (JV) that includes Chinese firm Wuling Motors Holdings, surged by more than 80 per cent on a monthly basis to more than 740 units, said Dian Asmahani, marketing director for the Indonesian arm of the JV. That compares with 3,000 units sold since the model was launched in 2021. Hyundai aims to sell 10,000 units of IONIQ 5 in Indonesia this year, helped by the tax cut and as a shortage in semiconductor chips eases, he said. "So I think in the beginning we need a kind of subsidy from the government and it will increase the demand for EVs." "At the moment EVs are very expensive because of the battery," Yoon said on Tuesday. Hyundai Motor Co's sport-utility vehicle IONIQ 5, a model eligible for the tax cut, saw sales jump three-fold to more than 600 units in April compared with the previous month, Sanghoon Yoon, an executive with Hyundai Motor ASEAN told Reuters on the sidelines of a seminar on energy transition in Jakarta. JAKARTA : Sales of electric cars in Indonesia jumped last month after the government launched tax incentives, auto executives said, in an early sign that electric vehicle (EV) adoption is gaining traction in Southeast Asia's largest economy.Įffective from April, Indonesia cut the value-added tax (VAT) on electric cars from 11 per cent to just 1 per cent, provided they are manufactured with at least 40 per cent local content.
0 Comments
Leave a Reply. |