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Habitat for Humanity urges council to approve county property tax credit for rehabilitation projects
Summary
Habitat for Humanity Metro Maryland told the council that Bill 15-26, which would create a county property tax credit during rehabilitation or new construction, would save the organization roughly $70,000–$80,000 a year and ease fundraising for affordable homeownership projects.
At the June 16 public hearing on Bill 15-26, Jeffrey Dee, president and CEO of Habitat for Humanity Metro Maryland, urged the Montgomery County Council to approve a 100% county-level property tax credit for properties owned by Habitat while they are being rehabilitated or new construction is underway prior to resale as affordable homeownership.
Dee said the credit would typically save the organization between $70,000 and $80,000 in a typical year — a modest amount in the county budget but meaningful for nonprofit fundraising and project feasibility. He framed the credit as a complement to existing payment-in-lieu-of-tax pilots that have benefited affordable rental properties and said the proposed credit would make homeownership projects more viable.
The council took the testimony into the record for committee consideration. No vote on the bill occurred during the hearing.
