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Delegate Corman’s bill would let counties use PILOTs to preserve naturally affordable housing
Summary
A bill to expand local governments’ authority to negotiate payment-in-lieu-of-taxes agreements for naturally occurring affordable housing drew support from county and nonprofit housing advocates, who said the change would preserve units that otherwise face redevelopment pressures.
Delegate Corman presented House Bill 390 to the Ways and Means Committee as the "Affordable Housing Payment‑in‑Lieu of Taxes Expansion Act." He said the bill would allow local governments to use existing PILOT (payment‑in‑lieu‑of‑taxes) pilot authority not only for new construction or substantial rehabilitation, but also to preserve naturally occurring affordable housing stock that the market might otherwise redevelop.
"What we have found in Montgomery County ... is we have naturally occurring affordable housing where the market has sort of made that housing affordable," Corman told the committee, arguing that the tool should…
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