(UPDATED, 9:15 p.m.) — The Baltimore City Council took a major step toward subsidizing the city’s Affordable Housing Trust Fund. The council, on Monday evening, approved moving the so-called Fund the Trust Act to a final vote. The legislation raises city transfer and recordation taxes on the sale of certain residential and commercial properties. Baltimore legislators […]
The deal obligating Baltimore to finance its Affordable Housing Trust Fund becomes official after a ceremonial document signing at City Hall on Wednesday.
Protesters from the group Housing Our Neighbors announced their displeasure with using $21 million of excess recordation and transfer taxes to cover police overtime.