Current:Home > ScamsMaryland Gov. Wes Moore testifies for bills aimed at making housing more affordable -WealthMindset
Maryland Gov. Wes Moore testifies for bills aimed at making housing more affordable
View
Date:2025-04-15 21:14:05
ANNAPOLIS, Md. (AP) — Maryland Gov. Wes Moore testified Tuesday in support of measures aimed at making housing more affordable and protecting renters, some of the governor’s top priorities this legislative session.
Moore, a Democrat, told lawmakers that the state is facing “a true housing crisis,” largely due to a lack of housing supply. He said that’s holding back the state’s economic growth as well as making it more expensive to live in Maryland.
“This legislation that we will work on together will help spur new housing construction, enhance long-term financial investments in low-income areas, help the state move in partnership with local governments instead of being in constant conflict with them, centralize resources for Maryland renters and get our economy moving again,” Moore said.
One of the measures backed by the governor endeavors to increase the state’s housing supply by incentivizing construction and removing barriers to development. To do that, the bill would modernize land-use law and simplify approval for transit-oriented development, as well as development on former state-owned complexes, and housing development by 501(c)(3) nonprofit organizations, which are created to revitalize communities, particularly impoverished ones.
The bill would incentivize the development of these projects by allowing greater density when certain conditions are met.
The governor said his administration has been careful to work with local officials on the proposals. With an estimated shortage of 96,000 housing units, Moore said the state has to be able to work together with local jurisdictions to address that kind of shortage.
“This is a piece of legislation that is not heavy-handed,” Moore told the Maryland House Environment and Transportation Committee. “It really more works hand-in-hand.”
Another measure would strengthen state financing tools for housing and community development. The bill would create an independent quasi-government unit called the Maryland Community Investment Corporation to invest in low-income communities. It also would apply for federal tax credits.
The Housing and Community Development Financing Act also expands the eligible uses of the state’s Strategic Demolition and Smart Growth Impact Fund to include debt payments and credit enhancement. The fund was created in 2016 to provide grants and loans for revitalization projects.
“Together these bills will help us to build new homes so we can narrow the supply gap,” Moore testified. “We can strengthen our economy for the long-term and we can create new pathways from poverty to prosperity.”
Moore also testified in support of a measure to protect renters. It would increase the maximum surcharge imposed by courts from $8 to $93 for landlords to evict tenants for failing to pay rent. Half of the revenue would go into the Statewide Rental Assistance Voucher Program, and the other half would go to the Maryland Legal Services Corporation, which is used to finance civil legal services to indigent clients.
The bill also would create an Office of Tenant Rights that would provide renters with information about their rights and create a Tenant Bill of Rights. The measure also would reduce the allowable security deposit from two months’ rent to one month.
The legislation also modifies the state’s new rental voucher program to provide prioritization of vouchers for families with children under the age of 5 and pregnant women.
The bill also would allow renters the right to purchase their home, if it is being sold, by creating a right of first refusal.
veryGood! (5352)
Related
- Stamford Road collision sends motorcyclist flying; driver arrested
- Hard road for a soft landing? Recession risks have come down but still loom in 2024
- Switzerland hosts President Zelenskyy and offers to host a peace summit for Ukraine
- Ex-President Donald Trump is set to face a jury over a columnist’s sex abuse and defamation claims
- Sam Taylor
- Bill Belichick interviews with Falcons in coach's first meeting after Patriots split
- Kieran Culkin explains his 'rude' baby request: What you didn't see on TV at the Emmys
- A middle-aged Millionaires' Row: Average US 50-something now has net worth over $1M
- Trump wants to turn the clock on daylight saving time
- What is so special about Stanley cups? The psychology behind the year's thirstiest obsession
Ranking
- Stamford Road collision sends motorcyclist flying; driver arrested
- Chinese premier Li Qiang is visiting Ireland for talks on China’s relations with Europe
- White Lotus' Jennifer Coolidge Has a Message for All The Evil Gays at the 2023 Emmys
- The 23 Most Fashionable Lululemon Finds That Aren’t Activewear—Sweaters, Bodysuits, Belt Bags, and More
- Skins Game to make return to Thanksgiving week with a modern look
- Buccaneers vs. Eagles NFC wild card playoff highlights: Bucs rout Eagles, will face Lions
- A middle-aged Millionaires' Row: Average US 50-something now has net worth over $1M
- Fall in Love With These Couples Turning the 2023 Emmys Into a Red Carpet Date Night
Recommendation
Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
Trump notches a commanding win in the Iowa caucuses as Haley and DeSantis fight for second place
Summer House's Sam Feher and Kory Keefer Break Up After Over a Year of Dating
Suspect in Gilgo Beach killings faces new charges in connection with fourth murder
Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
Opportunity for Financial Innovation: The Rise of EIF Business School
Why Sharon Osbourne Doesn't Regret Ozempic After Cautioning Against It
Fall in Love With These Couples Turning the 2023 Emmys Into a Red Carpet Date Night