Housing Alternatives Needed for County Residents

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First session of Winter Speaker Session focuses on infill possibilities as land becomes scarce for conventional developments.

Here is a question to discuss over your next dinner party: where can Montgomery County fit an additional 87,100 households?

Our county, like many jurisdictions across the nation, has a housing problem. Demand for homes is persistent and space for new dwellings is limited, forcing families to consider too many tradeoffs, such as paying higher housing costs or selecting homes in communities far from their employment.

The good news is that there are solutions to this problem that can be applied in Montgomery County, as revealed in the first session of the Planning Department’s Winter Speaker Series on the Economic Future … Continue reading

Study of rental housing in Montgomery County reveals shortage of affordable dwellings

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Initial findings show that Montgomery County’s housing market is unbalanced, particularly for low-income residents

Low income residents in Montgomery County face a shortage of rental units matching their ability to pay, according to an ongoing study of rental housing. So far, the study has found that the existing rental housing market in the county is unbalanced at both the lowest and highest ends of the market. The market is short 20,000 units priced appropriately for households earning less than 30 percent of area median income (AMI) or $28,900. In addition, it is short 13,000 units priced to target households earning more than 120 percent of the area median income or $115,560.

 

Figure 1.) Supply/Demand Equilibrium for All … Continue reading

Some Recent Articles & Links

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On Housing

A report from the Brookings Institution: restrictive (read, “exclusionary”) zoning may lead to lower test scores for kids.

“As the nation grapples with the growing gap between rich and poor and an economy increasingly reliant on formal education, public policies should address housing market regulations that prohibit all but the very affluent from enrolling their children in high-scoring public schools in order to promote individual social mobility and broader economic security.”

Report.

An analysis by US Today shows the recession accelerated trends towards urbanization.

“The shift to more urban housing development has been growing slowly during the past couple of decades and thanks to the recession and housing crash, this trend has accelerated. It is probable … Continue reading