Montgomery County trades land near Rockville for affordable housing

July 8, 2021
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Montgomery County on Thursday announced an agreement in which it is giving up 1.99 acres to preserve affordable housing at an apartment complex just outside Rockville.
The agreement applies to Halpine View Apartments, a 564-unit complex off Twinbrook Parkway, south of Veirs Mill Road.
It is part of the county’s Veirs Mill Corridor Master Plan, which sets “No Net Loss” provisions for naturally occurring affordable housing. That type of affordable housing involves no tax breaks or other financial incentives from the government to developers.
Preserving that type of housing is critical in meeting the county’s affordable housing goals, County Executive Marc Elrich said. In 2000, the county had 45,000 naturally occurring affordable housing units, he said. By 2018, that number was down to 25,900 units.

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