Affordable-housing incentive could cost Montgomery County $57 million

A bill intended to encourage the construction of affordable housing in Montgomery County could cost the county as much as $57 million in funds for school and road construction, a new analysis shows.

Introduced by County Councilwoman Nancy Floreen, D-at large, the bill exempts from paying development taxes developers of residential buildings where at least 25 percent of the apartments have below-market rents.