Committee advances PILOT and HOME reprogramming for New Carrollton affordable housing
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Summary
The Prince George's County Committee of the Whole voted to recommend favorable action on a PILOT for the New Carrollton Affordable Phase 4 project and to add the project to the county’s FY‑26 action plan with $2.5 million in reprogrammed HOME funds.
The Prince George’s County Committee of the Whole on Nov. 10 recommended favorable consideration of a payment‑in‑lieu‑of‑taxes (PILOT) agreement for the New Carrollton Affordable Phase 4 project and approved an amendment to the FY‑26 Annual Action Plan to add the project and reallocate $2,500,000 in HOME Investment Partnership funds.
Council staff told members the project would create a 102‑unit affordable rental community targeted to households earning 70% or below the area median income (AMI). “This project will form an entity for the purpose of acquiring land and constructing a 102‑unit affordable rental community for low and moderate income families earning 70% or below the area median income,” Council staff member Mister Tuck said during his presentation. Estimated total development cost is $40,108,565.
A Budget & Policy Analysis Division memorandum prepared by Roger Villegas, cited by staff, said adoption of the PILOT will generate foregone property tax revenue, estimating roughly $172,747 in the first year and a total estimated impact of about $6,429,612 over the pilot term when factoring a 2% annual assessment increase.
The county executive submitted a letter requesting favorable consideration, and the Office of Law found the legislation in proper form. Councilmember Hawkins moved a favorable committee recommendation, seconded by Councilmember Ivey; the motion carried by roll call vote 7–0.
Separately, committee members moved favorably on a resolution (CR 1 14 20 25) to add the New Carrollton project to the county’s FY‑26 Annual Action Plan and to reprogram $2,500,000 in HOME funds from prior years to support the project. The Office of Budget & Management said the amendment would have no fiscal impact on the county’s operating budget. That motion carried 8–0.
What’s next: These were committee recommendations; the items will move forward through the Council’s legislative process for final action and any subsequent contract or loan approvals.