Fair Housing (alternative)
In Maryland, a developer who builds accessible housing units beyond what is required by law may qualify for:
AHigher property taxes due to increased value
BState tax credits or incentives for universal design and accessibility✓ Correct
CMREC recognition as a certified developer
DAutomatic fair housing compliance certification
Explanation
Maryland and federal programs offer incentives for building accessible and universally designed housing beyond minimum requirements, including potential tax credits for accessibility improvements.
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Key Terms to Know
Fair Housing Act
Federal law prohibiting discrimination in the sale, rental, or financing of housing based on race, color, national origin, religion, sex, disability, and familial status.
AppraisalA professional estimate of a property's market value prepared by a licensed or certified appraiser.
DepreciationA reduction in the value of an improvement (building) over time due to physical deterioration, functional obsolescence, or external factors.
SteeringAn illegal practice where a real estate agent directs buyers toward or away from certain neighborhoods based on the buyer's race, religion, national origin, or other protected characteristics.
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