Green Taping Affordable Housing
In 2019, the Washington Area Council of Governments (COG) determined that in order to keep up with demand, our region would need 320,000 new housing units by 2030. Montgomery County’s share of that target is 31,000 units and a large portion of those should be income restricted or naturally occurring affordable units. In order to truly address our affordable housing crisis here in the county and in the region, we need to use every tool in our toolbox to facilitate housing production, particularly the production of affordable units.
Building on other Council efforts I’ve spearheaded including incentivizing high density housing at our metro stations in 2020, the Housing Production Fund created in 2021, and a 2023 bill to require affordable housing be located with public facilities, Councilmember Sayles and I introduced and successfully passed legislation to encourage affordable housing by removing barriers and easing regulatory burdens for projects providing a significant number of income restricted units. Zoning Text Amendment 23-02 will reduce the regulatory review process by 75% for projects meeting certain affordable housing thresholds, significantly reducing costs for affordable housing providers. To take advantage of this streamlined process, a project must include 30 or more dwelling units including 50% moderately priced dwelling units (MPDUs) or 35% MPDUs of which 15% are affordable to a household with a household income of 30% percent of Area Median Income (AMI) or below.
We are fortunate to have a number of affordable housing providers in the County and they are doing great work. We want to make their work easier and the passage of this ZTA is one important and very exciting part of that broader effort.
|