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Board backs 80‑unit affordable housing project with revitalization resolution and brief tax abatement to aid LIHTC application
Summary
The Frederick County Board of Supervisors approved a revitalization-area resolution and a three‑year, nominal tax abatement to support a Low-Income Housing Tax Credit application for a proposed 80‑unit multifamily project at 3266 Valley Pike.
The Frederick County Board of Supervisors on Feb. 26 approved a revitalization-area resolution and a separate tax‑abatement ordinance to support a developer’s Low‑Income Housing Tax Credit (LIHTC) application for a proposed multifamily project at 3266 Valley Pike.
County planning staff told the board the property is about 4.2 acres in the Back Creek Magisterial District, zoned Residential Performance (RP), and can be developed by right. The applicant, Server Development and Consulting LLC, proposed two apartment buildings totaling about 80 units (conceptually 50 units in a front building and 30 units in a second phase), and is seeking county actions to strengthen its LIHTC application.
Mr. Pearson,…
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