Whenever Baltimore’s Housing Commissioner Paul T. Graziano explains why he granted an affordable housing waiver to Port Covington, Kevin Plank’s huge waterfront development project, he makes an assertion that housing advocates contend is flat wrong.
Under the city’s Inclusionary Housing law, Graziano says, the city would have to pay Plank’s development company millions to compensate it for the cost of providing affordable units.
“The calculations that we’ve made have determined in this case that over $180 million in public subsidies would have to be provided to the developer,” Graziano said last week at a City Council work session.
READ FULL ARTICLE HERE
