This is true if you are talking about any property anywhere. But I thought we were talking about changes to SF zoning? The section you cite very explicitly excludes any property that was zoned for SF as of 1/12024. |
Yes, this state law completely shreds local zoning authority and allows developers to almost build whatever they want without regard for community impact. It is a complete handout to the real estate and construction industry that steamrolls local communities. |
Yup....this is how they take away land from the middle class. They are destroying the last pillar of obtaining wealth for the middle class. Ruin neighborhoods and turn everyone into a permanent renter for life. |
“Consistent with” doesn’t mean “the same as.” I think planning has been pretty clear that the multiplexes don’t pencil if they have to fit within existing setbacks. They’re going to reduce the setbacks. |
That only applies to the 3/4 mile from a rail staion bit. The other two categories, nonprofit-owned land and land formerly owned by the government don't have that zoned-as-of-1/1/24 exclusion. As the law is vaguely written in some areas, including those, one could make arguments that 7-502 covers any land that ever was government owned (courts may strike that if allowed to divine intent, but that could take legal action against an aggressive development effort), and that under 7-504, one could create a nonprofit whose purpose was to "create housing opportunity" and use that as a straw-buyer/front to purchase whichever property on which a developer wanted to effect extra-extra density (using both the planned MoCo allowance and the state law plus-up, along with the injunctions against setback restrictions and the like), and that's not even necessary for the church and other nonprofit properties being eyed currently. |
It can, particularly if Rockville city government decides it has visions of grandeur in trying to grow property tax revenue through upzoning. |
Who is filling their pockets? Name & Shame them. |
Any of the County Council, Planning Board, state legislators or M-NCPPC folks who have been pushing these policies despite the observations raised, here and elsewhere, of their approach's benefit to developers and concomitant negative consequences to the populace they are entrusted with serving. |
You are! All except Friedson used public financing. Friedson is backed by land use lawyers and developers. |
No one should worrry about slummy properties or multiplexes changing the economic profile of their neighborhoods. Even making optimistic assumptions about land, construction costs, financing costs, and operating costs, rent would need to be north of $3,500 a month per unit to achieve a 7 percent cap rate. That rent requires a $140k annual household income.
The problem for potential small apartment building investors is that there are already a lot of units in DTSS and Bethesda available for less than $3,500 a month. The problem for potential small apartment builders who need financing is that there are already a lot of investments that deliver a better cap rate than 7 percent with less risk. If you live in a marginal neighborhood then you could see a lot of change as a result of upzoning. This is all a show. Planning even knows it. Planning and the council want it to look like they’re doing something on housing and economic growth but this iteration of smart growth isn’t going to move the needle any more in the right direction than the previous iterations. |
Happy to hear it. I live in a duplex in DC with a big front porch and it’s a great lifestyle. |
This is the problem. The various policy changes combine to undercut the detached SFH communities in the closer-in suburbs that are among the most affordable. Bye bye Four Corners. Bethesda & Chevy Chase? No real change. Just widening the gap. |
Yes it just boosts inequality, harms county finances, and hurts the middle class. Doesn’t benefit the overall welfare or county residents. |
Sir, this is an Arby’s. |
Four Corners already has SFH subdivided into rental apartments, but any new multiplex rentals probably will end up commanding more in rent than most owners pay on their mortgage right now, so maybe you get some gentrification but the new residents aren’t going to bring the neighborhood down. |