Baltimore City Votes for Tax Increases to Raise $20 Million for Affordable Housing

The Baltimore City Council voted unanimously Monday to hike taxes on real estate transactions to fund a $20 million Affordable Housing Trust Fund, earning cheers from advocates but concern from the city’s budget chief.

Council members backed a deal struck by Mayor Catherine E. Pugh and housing advocates to levy two excise taxes on certain transactions and other allocations to fund the trust to create, rehabilitate and preserve more than 4,100 affordable housing units in the next decade.