Montgomery County Lawmakers to Revive Affordable-Housing Bill
The Washington Examiner (8/16, 93K) reports, "Montgomery County lawmakers plan to revive a bill that would exempt residential developers from paying development taxes on a property or subdivision if at least a quarter of the apartments or houses meet affordable-housing guidelines." At present, "between 12.5 percent and 15 percent of the units in an apartment building or subdivision that has 20 or more units are required to be affordable housing." Lawmakers say the current law is not helping to produce an adequate supply of affordable units. Hence the changes being considered.
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