City to Support Bill Asking for Federal Support for Local Municipalities

At this week’s City Council meeting, the Council will consider adopting a resolution in support of the bill H.R. 6175, The REHAB Act – for a fair, direct, federal emergency support to reopen and rebuild local emergency support to reopen and rebuild local American economies.

The REhab act would provide federal tax incentives for affordable housing, mixed-use development, and private infrastructure in urban centers and activity centers such as College Park.

The Act would support the following:
 Focus incentives on the rehabilitation of existing assets near public transportation, which will also
support smarter local public investment strategies.
 Include infrastructure upgrades in eligible project costs.
 Encourage investment in affordable housing in walkable communities.
 Encourage greater density and retrofitting of existing housing.