Montgomery County, MD Moderately Priced Dwelling Units: Difference between revisions
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Revision as of 07:25, 20 November 2007
Montgomery County, Maryland: Moderately Priced Dwelling Unit (MPDU) Program
Type: Policy
Status: Adopted
Date: October 23, 1973
Summary:
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.
Full text: http://www.montgomerycountymd.gov/dhctmpl.asp?url=/Content/DHCA/housing/housing_P/mpdu.asp