Housing advocates say a plan to exempt some luxury residential projects from a real estate surtax hike to create an affordable housing trust fund could shortchange the fund.
The City Council is set to vote Monday evening on a bill to create an affordable housing fund of up to $20 million annually in the coming years through the "yield" tax routinely charged on residential units valued at $1 million or more. But an amendment made during a Sept. 27 committee hearing would exempt some of the city's…
