$5 million for affordable rental housing (Holly Place and Herman Apartments)
Prince George's County
Summary
Two affordable rental projects each get $2.5 million in County Housing Investment Trust Fund gap financing, plus tax breaks through PILOT agreements. These introduced resolutions are the first step toward making both projects financially viable.
At a glance
- Total mentions
- 2
- Last 30 days
- 0
Last discussed Jun 29, 2026.
Impact analysis
The County would forgo some property tax revenue under the PILOTs and commit $5 million total in trust fund dollars across the two projects.
Future residents of the new affordable rental units and the nonprofits building them.
Mentions & discussions (2)
Committee of the Whole - Jun 29, 2026
The committee recommended $5 million in Housing Investment Trust Fund money split between two affordable rental projects, plus the PILOT tax agreements that make them pencil out. Final approval now goes to the full council.
County Council - May 26, 2026
Two affordable rental projects each get $2.5 million in County Housing Investment Trust Fund gap financing, plus tax breaks through PILOT agreements. These introduced resolutions are the first step toward making both projects financially viable.
Related development
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