Rolling / unspecified deadlineMaryland

Moderately Priced Dwelling Units (MPDU) Program — Developer Requirements

Montgomery County requires developers of new residential developments with 20 or more units to set aside 12.5% to 15% of units as Moderately Priced Dwelling Units (MPDUs) — homes sold or rented at below-market prices to income-eligible households. Offered by Montgomery County Department of Housing and Community Affairs.

Key Facts

Funder
Montgomery County Department of Housing and Community Affairs
Award amount
Not specified by funder
Deadline
Rolling / not specified
Geography
Maryland
Categories
Community Development
Status
Open

About This Grant

Montgomery County requires developers of new residential developments with 20 or more units to set aside 12.5% to 15% of units as Moderately Priced Dwelling Units (MPDUs) — homes sold or rented at below-market prices to income-eligible households. This page describes the developer obligations: site plan guidelines, Agreement to Build requirements, Offering Agreement process, pricing/rent-setting methodology, and fee waivers available to developers who provide MPDUs. Assistance type: tax...

Full requirements and application instructions: official listing.

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