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.