Maryland eases regulations to boost transit-oriented multifamily development
Two bills recently signed by Maryland Gov. Wes Moore are expected to unleash new multifamily housing construction in the state.
One bill provides incentives for qualifying land near mass transit for housing development by designating them as “enterprise zones” and eliminates parking requirements for certain new housing within a quarter-mile of an active rail station. It opens up about 300 acres of state-owned land near transit stations for development.
The other legislation delays local impact fees until after construction is completed. It also requires local approval or denial of a project to be based on regulations in place when an application is submitted.
The new law also helps to increase financing options for transit-oriented development.
