Lacking a county-wide program to incentivize affordable-housing development, Hyattsville might create its own using about the only tools it has: municipal property tax breaks and dedicated city funding.
Hyattsville Mayor Candace Hollingsworth is sponsoring two measures before City Council that address affordable housing. The most-notable is a measure directing city staff and attorneys to craft municipal legislation offering property tax credits to developers who pledge to build or preserve long-term affordably-priced housing units. The other would create a city fund, fueled by developer impact fees, a portion of which would be dedicated to “affordable housing” in some yet-to-be defined manner.
The measures were discussed at Hyattsville City Council’s April 1 meeting. If they eventually become law – and this City Council seems broadly receptive to the idea – Hyattsville would be in pioneering territory. No similar program in Prince George’s County exists – though one once did.