Title:
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A Resolution establishing that a multi-family unit development known as the University View Project, located in census tract number 8070, qualifies for a revitalization/redevelopment tax credit pursuant to Section 10-235.02 of the Prince George’s County Code.
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Title
A Resolution establishing that a multi-family unit development known as the University View Project, located in census tract number 8070, qualifies for a revitalization/redevelopment tax credit pursuant to Section 10-235.02 of the Prince George’s County Code.
Background
The proposed Resolution is to approve an application for a residential revitalization tax credit by developers of the University View Partnership. The County Council had previously adopted CR-29-2004 to approve a revitalization tax credit for 352 multi-family residential units. A revision to the application of the University View project has been requested by the developers to address a second building at the University View project for 154 additional multi-family dwelling units that will be replacing a used car lot and vacant fast food restaurant with a mixed use project that includes two multifamily residential structures and retail space near the entrance to the University of Maryland.