Housing advocates say a plan to exempt some luxury residential projects from a real estate surtax hike to create an affordable housing trust fund could shortchange the fund. The City Council is set to vote Monday evening on a bill to create an affordable housing fund of up to $20 million annually in the coming years through the “yield” tax routinely charged on residential units valued at $1 million or more. But an amendment made during a Sept. 27 committee hearing would exempt some of the city's…
from https://www.bizjournals.com/baltimore/news/2018/10/15/some-baltimore-projects-may-be-exempt-from.html?ana=RSS&s=article_search
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