Committee debates increasing affordable housing units from 17.5% to 25%

Montgomery County officials are pushing for a significant increase in affordable housing units, with a proposed amendment to raise the percentage of Moderately Priced Dwelling Units (MPDU) from 17.5% to 25%. This change comes as part of ongoing discussions about housing affordability in the area, which has seen mandated levels hover around 12.5% since the 1970s, effectively increasing to 15% in most projects.

During the recent council session, a member highlighted the financial implications of the current tax abatement agreements, noting that for a typical 200-unit multifamily building, the tax savings could reach up to a million dollars. This raises questions about the value received in exchange for such tax breaks, particularly regarding whether the proposed increase in affordable units would exceed the existing legal requirements.

The council's deliberations reflect a broader commitment to addressing housing needs in Montgomery County, with officials weighing the benefits of increased affordability against the financial impacts of tax incentives. As discussions continue, the outcome of this amendment could reshape the landscape of affordable housing in the region, potentially providing deeper levels of affordability for residents.