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Councilmember George Leventhal spoke at a press conference on April 9 to announce that five formerly homeless individuals who were identified as among the most medically vulnerable persons experiencing homelessness in the county have been moved into permanent housing. Since the community mobilization in November of the 100,000 Homes campaign to combat homelessness, we have now housed 8 individuals and another 14 have been approved for housing and services.

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Councilmember Leventhal Introduces Legislation to Encourage Reduced Rent for Seniors and Disabled Persons

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On April 22, I introduced a bill to create a tax credit for property owners who provide reduced rent to elderly or disabled tenants. The bill will allow property owners who charge 15% below market rent to elderly renters over the age of 65 or to individuals who are permanently or totally disabled to apply for a credit against their County property tax. Tenants must also meet certain income eligibility requirements. The amount of the credit is 50% of the difference between market rent and the reduced rent.

It is particularly important that we maintain adequate rental housing stock for seniors as they will comprise 22% of the county population by 2020, compared to 18% currently.

This tax credit will serve as yet another tool to ensure that affordable housing options are available to our senior residents.

 

 

 

 

 

 

 

 

 

 

 




Montgomery County Council, 100 Maryland Ave, Rockville MD 20850
Phone: (240) 777-7900 (voice) • (240) 777-7888 (fax) • (MD Relay) Dial 711 or 800-201-7165
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