Baltimore: Mayor Announces Plans to Expand Affordable Housing Program

Baltimore Mayor Unveils Ambitious Affordable Housing ExpansionBaltimore Mayor Unveils Ambitious Affordable Housing Expansion Baltimore Mayor, Brandon M. Scott, has announced plans to significantly expand the city’s Affordable Housing Program, aiming to provide more affordable housing options to residents. The initiative builds on the city’s commitment to addressing the housing crisis and creating a more equitable Baltimore. Key Program Elements: * Rental Assistance Vouchers: The program will expand the Section 8 Housing Choice Voucher program, providing rental assistance to an additional 3,000 households with incomes at or below 50% of the area median income (AMI). * Homeownership Assistance: The city will invest in down payment assistance and homebuyer education programs, helping families purchase affordable homes. * New Housing Construction: The program aims to incentivize private developers to create more affordable housing units, with a focus on mixed-income developments. * Tenant Protections: The initiative includes measures to strengthen tenant protections, such as ensuring fair rent increases and preventing illegal evictions. Funding and Partnerships: The expansion will be funded through a combination of federal grants, local revenue, and partnerships with non-profit organizations and private developers. The city has identified over $100 million in funding for the program over the next five years. Community Impact: The Affordable Housing Program expansion is expected to have a significant impact on Baltimore’s residents. By providing more affordable housing options, the program aims to: * Reduce homelessness and housing insecurity * Improve the health and well-being of residents * Stimulate economic growth by attracting and retaining businesses and workforce * Promote community stability and reduce crime Mayor’s Statement: “Every Baltimorean deserves a safe, decent, and affordable place to call home,” said Mayor Scott. “This program expansion represents a major investment in our city’s future and will help us create a more equitable and just Baltimore for all.” Next Steps: The Affordable Housing Program expansion is currently in the planning and implementation phase. The city will work with community stakeholders to develop detailed plans and secure funding. The program is expected to launch in the coming months.