The proposed project would build a 40-mile high-speed rail between Washington, D.C., and Baltimore.
The project, which has been in the works since 2018, will span part of Rhode Island Avenue.
The project, which will cost more than $2.8 million, also includes widened sidewalks and benches.
The housing project could include five-bedroom units.
If the tax credit is granted, it would be worth $571,000 distributed over five years.
The cuts would also eliminate bus route 86 and shorten bus route 83, which both run through College Park.
The ordinance would allow the council to change the election's date and deadlines for individuals to file and withdraw their candidacy.
Plans for Monarch Preschool were proposed about four years ago by The Children's Guild.
The city council passed an amendment to the nuisance ordinance Tuesday night.
The council discussed making a recommendation to the county in favor of a school facilities waiver for a student housing development.