Montgomery County, MD Moderately Priced Dwelling Units: Difference between revisions
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{{Entity|Locale=Montgomery County|Region=MD|Country=US}} | |||
'''Type:''' Policy | '''Type:''' Policy | ||
'''Status:''' Adopted | '''Status:''' Adopted on 10/23/1973 | ||
''' | '''Source File:''' http://www.montgomerycountymd.gov/dhctmpl.asp?url=/Content/DHCA/housing/housing_P/mpdu.asp | ||
''' | '''Description:''' | ||
A goal of the Montgomery County Housing Policy states that affordable housing should be available to people of all incomes. To achieve this goal, the County Council passed the Moderately Priced Housing (MPH) Law in 1974. A provision of the MPH Law requires that between 12.5% and 15% of the houses in new subdivisions of 20 or more units be moderately priced dwelling units (MPDUs). The MPH Law requires that 40% of the MPDUs be offered to the Housing Opportunities Commission (HOC) and other non-profit housing agencies for use by low and moderate income families. | A goal of the Montgomery County Housing Policy states that affordable housing should be available to people of all incomes. To achieve this goal, the County Council passed the Moderately Priced Housing (MPH) Law in 1974. A provision of the MPH Law requires that between 12.5% and 15% of the houses in new subdivisions of 20 or more units be moderately priced dwelling units (MPDUs). The MPH Law requires that 40% of the MPDUs be offered to the Housing Opportunities Commission (HOC) and other non-profit housing agencies for use by low and moderate income families. | ||
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Included in the MPH program are detached and semi-detached homes (duplexes), townhouses, garden condominiums and high-rise condominiums and apartments. Under the present sales price limits, a three bedroom townhouse has a sales price of approximately $165,000. Sales prices and rental limits are reviewed annually and are revised to reflect changes in construction costs. | Included in the MPH program are detached and semi-detached homes (duplexes), townhouses, garden condominiums and high-rise condominiums and apartments. Under the present sales price limits, a three bedroom townhouse has a sales price of approximately $165,000. Sales prices and rental limits are reviewed annually and are revised to reflect changes in construction costs. | ||
[[Category:County Governments]] | |||
[[Category:Housing]] | |||
[[Category:Maryland]] | |||
[[Category:Policies]] | |||
Latest revision as of 20:39, 31 December 2014
Type: Policy
Status: Adopted on 10/23/1973
Source File: http://www.montgomerycountymd.gov/dhctmpl.asp?url=/Content/DHCA/housing/housing_P/mpdu.asp
Description:
A goal of the Montgomery County Housing Policy states that affordable housing should be available to people of all incomes. To achieve this goal, the County Council passed the Moderately Priced Housing (MPH) Law in 1974. A provision of the MPH Law requires that between 12.5% and 15% of the houses in new subdivisions of 20 or more units be moderately priced dwelling units (MPDUs). The MPH Law requires that 40% of the MPDUs be offered to the Housing Opportunities Commission (HOC) and other non-profit housing agencies for use by low and moderate income families.
Included in the MPH program are detached and semi-detached homes (duplexes), townhouses, garden condominiums and high-rise condominiums and apartments. Under the present sales price limits, a three bedroom townhouse has a sales price of approximately $165,000. Sales prices and rental limits are reviewed annually and are revised to reflect changes in construction costs.