Proposed Executive Regulation

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MCER NO. 27-06:  PROPOSED DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS REGULATION - Payment in Lieu of Taxes


SUMMARY:  The proposed regulation amends criteria under which the Director of Finance may authorize a payment in lieu of taxes (PILOT) for affordable housing that qualifies under state law to make such payments by adding authority for a PILOT under Section 7-503 of the Tax-Property Article of the Maryland Annotated Code.  The proposed regulation would supersede Temporary Executive Regulation 27-06T.

COMMENTS:  Written comments must be submitted by January 30, 2007, to Stephanie Killian, Multifamily Housing Manager, DHCA, Council Office Building, 100 Maryland Avenue, 4th Floor, Rockville, Maryland, 20850; 240/777-3693; TTY 240/777-3679.

AUTHORIZATION AND PROCEDURAL METHOD:  Montgomery County Code, 2004, Section 52-18M. 
Method 2.

COPIES OF THE PROPOSED REGULATION:  A copy of the proposed regulation may be obtained from Stephanie Killian, Multifamily Housing Manager, DHCA, Council Office Building, 100 Maryland Avenue, 4th Floor, Rockville, Maryland, 20850; 240/777-3693; TTY 240/777-3679.

Email:  [email protected]

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