Opinion Number

Dear Mr. Bailey:

You requested the opinion of this office concerning the following situation: In 1998, Monroe Affordable Housing, LLC (the "LLC") purchased Oakmont and Town Oaks Apartments (the "Complexes") in Monroe, Louisiana for $10,700,000. The LLC is wholly owned by The Resource Foundation, Inc. (the "Foundation"). They have requested exemption from ad valorem taxes as a non-profit organization. Your question is whether the property should be removed from the taxable rolls.

This office has consistently opined that the authority to determine whether a particular taxpayer may be exempt from…