Students from the University of Maryland presented their vision for the Lakeland neighborhood to a crowd of current and former residents on Tuesday.
The development would contain 10 to 14 units split among five or seven two-story buildings.
Currently, the city does not set a limit on the number of days per year for which properties can be rented.
Properties such as under-leased commercial properties, vacant housing, abandoned buildings and unused lots would be included in the tax increase.
For each cent the tax rate is raised, the city could receive around $175,000 additional revenue, according to city documents.
College Park would benefit from more alumni and young professionals living in the city
Multiple businesses have closed in recent weeks in College Park, including restaurants near the University of Maryland’s campus.
Housing priority policies must become more accommodating to diverse needs.
Their tactics like Instagram giveaways, brand ambassadors and free merchandise have drawn the attention of students.
Without action, housing affordability will get worse before it gets better.