Posts tagged Taxes
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How public housing was destined to fail
While the US public housing system may have started off with the intention of providing quality homes to low income and vulnerable populations, those efforts were quickly dashed by how the program was created and managed. Keep reading…
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The Low-Income Housing Tax Credit, explained
The Hodge, a 90-unit housing development in Shaw, offers affordable apartments for seniors in the District. To create these apartments, developers of the Hodge used the Low-Income Housing Tax Credit (LIHTC) program to partially finance the project. This post explains how the LIHTC works. Keep reading…
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The 1970s tax reform initiative that debilitated Prince George’s County libraries
A 1970s referendum limiting county taxes brought the growth of Prince George County’s library system to a grinding halt, marking an era of austerity that lasted a generation. Keep reading…
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National links: Plans for high-speed rail move forward in two southern states
High-speed rail plans move along in two states this week. A company in the Netherlands rents bikes by the month, and fixes flats. Some towns want streaming companies to pay taxes, and more in this week’s National links. Keep reading…
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How public housing was destined to fail
While the US public housing system may have started off with the intention of providing quality homes to low income and vulnerable populations, those efforts were quickly dashed by how the program was created and managed. Keep reading…
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Someone once bought a private alley in Georgetown
From 2002 through 2007, Rockville resident Kebreab Zere purchased a series of five tax lots in Georgetown that constituted an alley from 33rd Street NW to Potomac Street, between O Street and N Street. Keep reading…
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National links: How open-plan offices will adapt during the coronavirus pandemic
Open-plan offices will have to readjust to survive during the pandemic. Cities adapt quickly to allow for social distancing. Nashville’s mayor proposes a property tax hike to weather the financial blow that came from the coronavirus. Keep reading…
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Montgomery County may rescind its bag fee, but some environmentalists criticize the move
Montgomery County may join a growing list of jurisdictions that are temporarily rescinding fees on plastic shopping bags as part of coronavirus management efforts, but some environmentalists are pushing back against the move. Keep reading…
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Montgomery may charge a “teardown” fee to fund schools and affordable housing. Here’s what you should know.
This past Tuesday, Montgomery County Councilmember Evan Glass introduced the Housing Impact Fairness Act which would apply impact fees to newly-rebuilt homes, sometimes called “teardowns.” The councilmember claims the bill could raise $100 million in new revenue for school construction and affordable housing. Keep reading…
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The region urgently needs more homes. Why not adopt housing targets—with teeth?
The region needs to build 374,000 housing units by 2030. Most of them—preferably, three-quarters of them—need to be affordable. Otherwise, housing costs will ascend from merely expensive to stratospheric, tons of households (about 220,000) will be displaced, and the economy might slow down to a sludge. Keep reading…