The council discussed the data analysis conducted by Shimberg, which revealed a surplus of 1,912 housing units available for those earning between 80% and 120% of AMI. The council noted that these units are primarily market-rate apartments and do not directly address the affordable housing needs of lower-income residents, defined as those earning 80% AMI and below.

The decision to exempt these units from property taxes aims to maintain the current stock while ensuring the council’s resources are directed towards more critical housing needs. The motion was made with assurances that the exemption would not negatively impact the county’s existing affordable housing programs. Members of the council expressed their understanding of the issue and support for the motion, emphasizing that the move aligns with their broader strategy to address housing challenges in the region.