💨 Abstract

Montgomery County's council members voted 9-2 to override County Executive Marc Elrich's veto on a plan aimed at increasing housing and addressing office vacancies. Expedited Bill 2-25, the "Payment in Lieu of Taxes-Affordable Housing" bill, offers developers tax exemptions for 20 years if they convert office buildings with 50% or higher vacancy rates into housing, with 17.5%

Courtesy: wtop.com

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