Affordable Housing and Education Advocates Rally For $100 Million In Additional Funding

Grow your business with help from the best professional seo agency in Maryland

Rockville, MD—On December 3 at 7 p.m., Councilmember Evan Glass will hold a press conference in advance of a full council hearing on the Housing Impact Fairness Act, which would raise $100 million for affordable housing and school construction over the next decade.

The Housing Impact Fairness Act will generate $10 million a year by closing a loophole in the collection of impact fees when newly rebuilt homes, also known as “teardowns,” are constructed. As proposed, the legislation would generate an additional $5.7 million a year for school construction and $4.3 million a year for the county’s affordable housing programs. Unlike all other types of new housing, newly rebuilt homes are currently exempt from paying impact fees and do not contribute to the growing infrastructure demands on the community.



from https://ift.tt/2sfyMNB

Maryland SEO Agency