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Preservation of Affordable Housing

 

Graphic: House and stack of money on either end of a moving teeter-totter. Text: Preservation of Affordable Housing

Building on the recommendations of the 2017 Rental Housing Study, the Montgomery County Planning Department, in conjunction with the Montgomery County Department of Housing and Community Affairs, seeks to identify challenges, best practices and strategies for the preservation of affordable housing.

Like many communities, Montgomery County has many older apartment buildings, with 55 percent of its multifamily housing supply constructed before 1980. These facilities serve as an important source of market-rate affordable housing for lower income families. The Planning Department and the Department of Housing and Community Affairs are seeking to better understand how both agencies can best balance market pressures to redevelop these properties and increase the overall supply of residential units, and the need to preserve market-rate affordable housing, particularly for families.

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