Harborplace developer strikes deal with Baltimore County for affordable housing

With a requirement of adding 1,000 affordable housing units to its housing stock by 2028, Baltimore County government leaders have struck a deal with Baltimore City-based developer P. David Bramble to preserve nearly 500 below-market rate units for as long as four decades. The agreement allows the developer to substitute a negotiated payment for annual property taxes, called a payment in lieu of taxes exemption, or PILOT, for at least 20 years, with the option to extend another 20 years.