What's Hot: DC's 14 Million-Dollar Neighborhoods in 2023 | What the New FHA Mortgage Fee Cut Will Mean For Buyers
Montgomery County's New Requirements For Moderately-Priced Units to Go Into Effect Soon
The dearth of affordable housing in DC, particularly in certain swaths of the city, has been well-documented over the past year or so. Now, a nearby jurisdiction is attempting to address its own inequitable distribution of affordable units.
As of October 31st in Montgomery County, new residential developments in Montgomery County where the median income of at least 45 percent of the census tracts is 150 percent of the county median income must offer at least 15 percent of residences as moderately-priced dwelling units (MPDUs). The county's median income is $100,352.
The rule will apply to completed development applications submitted to the county, and will affect areas including Potomac, Darnestown, North Bethesda and Bethesda-Chevy Chase. The 15 percent MPDU requirement is already in place in downtown Bethesda based on the recently-enacted Sector Plan.
story continues belowloading...
story continues above
The Montgomery County Planning Department will review and update a map of where the higher MPDU requirement is applicable by January 1st. Also on that date, owners of developments with 11-19 residential units will be required to submit a payment to the Housing Initiative Fund; the minimum number of units is currently 20.
The rule changes come about a year after the county released the findings of a Rental Housing Study which identified areas of concern for the county's renter population. Montgomery County Council passed a bill with the new affordability requirements in July. This law also comes as a moratorium on new residential development was implemented for high-demand (and comparatively affordable) areas like Wheaton, Silver Spring and Takoma Park.
See other articles related to: affordability, affordable housing, median income, moderately priced dwelling units, montgomery county, montgomery county planning board, mpdu
This article originally published at https://dc.urbanturf.com/articles/blog/montgomery-county-new-requirements-for-affordable-units-to-go-into-effect-s/14446.
Most Popular... This Week • Last 30 Days • Ever
The 650,000 square-foot project, designed by Adjaye Associates and Hickok Cole, will ... read »
The largest development on the boards for the H Street Corridor is planned for a fami... read »
This week's Best New Listings includes a condo with a former life as a hotel entrance... read »
It is early in the year, but there are already a number of areas around DC where home... read »
Today, UrbanTurf is taking a look at the tax benefits associated with buying a home t... read »
The application to raze the infamous fast food location at New York and Florida Avenu... read »
While homeowners must typically appeal by April 1st, new owners can also appeal.... read »
At an ANC 4A meeting on Tuesday night, representatives from Whole Foods said that the... read »
The application has been filed for the American City Diner along Connecticut Avenue i... read »
As the neighborhood waits for highly-anticipated restaurants to open, and luxury home... read »
With this weekend's DC houseboat tour a day away, UrbanTurf thought it only fitting t... read »
President Obama travels to Denver this morning to sign the stimulus bill that has bee... read »
In this week's installment of Ask An Agent, a reader wonders if there is a rule for h... read »
As The Wharf prepares to begin construction, DC's houseboat community heads to its ne... read »
In this week's installment of Ask An Agent, a reader asks a fairly common question th... read »
- A First Look at the Five-Building Centerpiece of the St. Elizabeth's Redevelopment
- 200-Unit Apartment Project Planned For Autozone Site Along the H Street Corridor
- Best New Listings: A Hotel Entrance Turned Condo
- DC's 14 Million-Dollar Neighborhoods in 2023
- A Look At The Tax Benefits of Buying a Home Through a Trust
- The End is Here: Raze Permit Filed For Wendy's at Dave Thomas Circle
- How to Appeal Your DC Property Tax Assessment
- Whole Foods at Walter Reed To Open This Summer
- Raze Application May Spell The End For One of DC's Last Diner Buildings
- New Hotels, Mall Conversions And The 450 Units On The Boards For Georgetown
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Visit guides.urbanturf.com or start browsing below!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro