How will my rent be affected as a result of the renovations?

Residents in Affordable units
Rents will remain unchanged throughout their current lease term. Annual rent increase amounts will remain subject to Montgomery County’s Department of Housing and Community Affairs (DHCA) Voluntary Rent Guidelines (VRG).

All other residents
Under rent stabilization, a landlord may petition for an exemption from rent stabilization for an existing building if they conduct substantial, permanent renovations that enhance the building’s value and cost at least 40% of the building’s value.

On June 15, 2026, HOC received a Preliminary Administrative Approval of a Substantial Renovation Exemption under the rent stabilization law from DHCA. Final Approval will be granted after the renovation of the entire building is completed. Once Final Approval of the Exemption has been granted, the rent increases must be implemented within 12 months, however, if there are existing tenants in the rental unit landlords must wait until the current lease term ends before implementing rent increases. Additionally, landlords must give tenants at least 90 days’ prior written notice of any rent increase. 

The amount of your rent increase depends on a number of factors, including your unit type and your existing rent. Final rents will be determined if and when the final approval of the Substantial Renovation Application is received.