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Metropolitan DC Local Politics
Reply to "MoCo Council Vote Today"
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[quote=Anonymous][quote=Anonymous]I wish someone could come up with a way to incentivize building some smaller cheaper homes. Just taking one example. We had friends—fed married to a nurse—renting an old construction reasonably sized SFH. Unfortunately it needed substantial renovations. They would have loved to buy it and renovate but could not afford cost to buy, renovate and rent to live elsewhere. It didn’t make financial sense for the owner to renovate it — they sold to a develop who knocked it down and built a big fancy house and sold it for 1.5M or something like that. That is happening all around our neighborhood — older reasonably sized homes in need of some renovation that used to sell for 700K knocked down to build 1.5m houses (or more). The beighborhood character is gradually changing with fewer teachers, military, Feds and non profit workers, and more lawyers doctors and bakers. I’d love some sort of incentives to renovate older stock or at least replace them with houses in the same price range.[/quote] This county does not incentivize construction of single family homes. In fact, it discourages them by charging much higher impact fees on these than it charges on apartments. [/quote]
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