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Habitat for Humanity asks county to defer property taxes during construction to close affordability gap
Summary
Habitat for Humanity of Wicomico County presented a request at the Sept. 2 work session for a local property-tax deferment or waiver during construction/rehab of affordable homes to reduce holding costs and help close an affordability gap caused by rising construction costs and home prices.
Molly Hillegas, president and CEO of Habitat for Humanity of Wicomico County, told the council Sept. 2 that construction-cost inflation and rising home values have widened an affordability gap for lower-income buyers and made it harder for Habitat to complete rehabilitations and sell homes to qualifying families.
Hillegas described steep increases in construction and materials costs in recent years and said the nonprofit's holding and rehab expenses (grass…
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