Senior rent increase at preserved Laurel property
Prince George's County
Summary
A right-of-first-refusal deal saved a senior affordable building in Laurel from going market-rate, but the new owner, Urban Atlantic, is allowed a 7% first-year rent increase. Council members questioned whether that exceeds what the county's rent stabilization law would have allowed and want relief for affected seniors.
At a glance
- Total mentions
- 1
- Last 30 days
- 0
Last discussed Apr 22, 2026.
Impact analysis
Seniors at the property could face roughly $75-$100 more per month in rent.
The property's long-term affordability is preserved through the tax-credit extension.
Senior residents on fixed incomes facing the first-year rent increase.
Mentions & discussions (1)
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