Md. city council forms tax break for apartment construction

04/9/2013 | Baltimore Sun, The

The Baltimore City Council has approved legislation to provide a significant tax break to developers converting office buildings into apartments or building new complexes. The incentive, available to any developer building an environmentally friendly complex with at least 50 units in one of seven areas in the city, is meant to reduce vacancy in downtown office buildings, encourage construction or renovation of apartments and attract additional residents.

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