Budget Year / Version:
FY26
 
RECOMMENDED
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Description

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Phase

Ongoing

Status

Active
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Budget Snapshot
$5.18M Total
Expenditures/Funding
$3.51M 6 Year Total
Expenditures/Funding
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Location

  • ADDRESS: The project focus will initially include five commercial areas identified by DHCA, located in the Glenmont and Layhill Shopping Centers, Montgomery Village, Hillandale, and the Wheaton Central Business District. Three of the targeted areas, Wheaton, Montgomery Village and a portion of Hillandale were also selected in part due to their location in Montgomery County's Opportunity Zones. However, this program may expand to other commercial areas throughout the County for additional implementation flexibility.
  • PLANNING AREA: Countywide
  • REGIONAL SERVICE AREA: All
  • COUNCIL DISTRICTS: Countywide
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Estimated Schedule

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Cost Change

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Justification

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Other

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Fiscal Note

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Disclosures

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Coordination

Budget Snapshot
$5.18M Total
Expenditures/Funding
$3.51M 6 Year Total
Expenditures/Funding
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Project Details
Project NumberP762102
Date Last Modified03/10/25
Administering AgencyHousing & Community Affairs
CategoryCommunity Development and Housing
SubCategoryCommunity Development
Planning AreaCountywide
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Total Expenditures by Cost Element (000s)
$1,473$3,472$233Cost Elements$0$500$1000$1500$2000$2500$3000$3500$4000Planning Design and SupervisionConstructionOther
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Total Funding by Source (000s)
94.2%5.8%CostElements$0$500$1000$1500$2000$2500$3000$3500$4000$4500$5000Current Revenue: GeneralRecordation TaxRecordation Tax Premium (MCG)State Aid
EXPENDITURES (000s)
YearThruRem202520262027202820292030beyond 6years$0$100$200$300$400$500$600$700$800$900$1000Planning Design and SupervisionConstructionOther
Cost ElementsTotalThru FY24Rem FY24Total 6 YearsFY 25FY 26FY 27FY 28FY 29FY 30Beyond 6 Years
Planning, Design and Supervision$1,473$634$0$839$140$139$140$140$140$140$0
Land$0$0$0$0$0$0$0$0$0$0$0
Site Improvements and Utilities$0$0$0$0$0$0$0$0$0$0$0
Construction$3,472$0$972$2,500$500$400$400$400$400$400$0
Other$233$0$65$168$32$24$28$28$28$28$0
Total Expenditures$5,178$634$1,037$3,507$672$563$568$568$568$568$0
FUNDING (000s)
YearThruRem202520262027202820292030beyond 6years$0$100$200$300$400$500$600$700$800$900$1000$1100Current Revenue: GeneralRecordation TaxRecordation Tax Premium (MCG)State Aid
Funding SourceTotalThru FY24Rem FY24Total 6 YearsFY 25FY 26FY 27FY 28FY 29FY 30Beyond 6 Years
Current Revenue: General$4,878$334$1,037$3,507$672$563$568$568$568$568$0
Recordation Tax$0$0$0$0$0$0$0$0$0$0$0
Recordation Tax Premium (MCG)$300$300$0$0$0$0$0$0$0$0$0
State Aid$0$0$0$0$0$0$0$0$0$0$0
Total Funding Sources$5,178$634$1,037$3,507$672$563$568$568$568$568$0
APPROPRIATION AND EXPENDITURE DATA ($000s)
Appropriation FY 25 Request$672
Year First AppropriationFY21
Appropriation FY 26 Request$563
Last FY's Cost Estimate$5,178
Cumulative Appropriation$2,343
Expenditure / Encumbrances$1,344
Unencumbered Balance$999