The Baltimore City Council advanced two bills yesterday that would significantly change its inclusionary zoning policies.
The Baltimore City Council is considering changing its mandatory affordable housing ordinance. Under the new proposal, developers would be required to reserve a larger share of new units for low-income residents at below-market-rate rents.
At a recent forum, Maryland Department of Housing and Community Development Secretary Jacob Day noted that the state legislature is unlikely to consider rent control. Day said rent control measures might not support the rise of such expenses such as real estate taxes and insurance costs, which could dissuade developers from entering the market. Day … Continued
This past February, Prince George’s County, Maryland, capped rent increases for one year at three percent. This policy was billed as a temporary, emergency measure. The uncertainty surrounding this policy has chilled housing investment in the county.
Last month, in Montgomery County, Maryland, the County Council debated – and then ultimately passed – rent regulation. A detailed rundown of all the particulars in the final version can be found HERE, but the three most important components of it are summarized below.
D.C. Councilmember Brianne Nadeau (Ward 1), Virginia State Del. Ibraheem Samirah (D-86), and Maryland State Del. Vaughn Stewart (D-19) pen an op-ed in favor of housing density.