At its Monday, October 21, 2024 meeting, the Rockville Mayor and Council will discuss affordable housing strategies and alignment of priorities with Rockville Economic Development, Inc. (REDI). On the Consent Agenda (items approved without discussion) are the 2025 state legislative priorities, among others.

This meeting is an important opportunity for you to stay informed and engaged with the decisions that shape our community.

Key Agenda Items:

Affordable Housing Strategies (pages 11+). The City Council discussed new strategies to address Rockville’s housing affordability challenges. Key proposals include creating a dedicated Housing Opportunity Fund (HOF) with stable funding sources, such as fees on short-term rentals and flipped homes, and offering property tax abatements (PILOTs) to encourage affordable housing development. The Council also aims to reduce construction costs by prioritizing affordable housing on public land. However, the plan faces potential funding gaps, with no detailed estimates or timelines for implementation. Additionally, reliance on federal and state partnerships could delay progress if external funding sources are not readily available.

Business Development (33+). The Rockville City Council and the Rockville Economic Development, Inc. (REDI) Board will discuss strategies to boost key industries like life sciences, small-scale manufacturing, and green technology. REDI is prioritizing job creation and supporting local businesses, with plans to enhance Rockville’s status as a biotech hub and expand opportunities for small manufacturers. The discussion will also cover how to attract new investments and strengthen the local economy, aligning REDI’s $2.36 million budget to support these goals.

How to Participate:

Attend in Person: The meeting will be held at City Hall, 111 Maryland Avenue (downtown, behind the Maryland District Courthouse). We encourage residents to attend and voice their opinions during Community Forum.

Watch Online: If you can’t make it in person, you can watch the live stream on the city’s website at https://www.rockvillemd.gov/157/Rockville-11.

Submit Comments: You can submit your comments or questions in advance by emailing MayorAndCouncil@RockvilleMD.gov by no later than 10:00 a.m. on the date of the meeting.

Your participation is crucial in shaping the future of our city. Whether you have specific concerns or just want to stay informed, we hope to see you at the meeting.

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Thank you for being an active and engaged member of our community. More details in the 54-page agenda packet are available at https://www.rockvillemd.gov/AgendaCenter/ViewFile/Agenda/_10212024-7311.