{"id":11947,"date":"2024-02-20T17:53:07","date_gmt":"2024-02-20T22:53:07","guid":{"rendered":"https:\/\/news.maryland.gov\/dhcd\/?p=11947"},"modified":"2024-02-20T17:59:59","modified_gmt":"2024-02-20T22:59:59","slug":"governor-moore-testifies-in-support-of-moore-miller-administration-2024-housing-package","status":"publish","type":"post","link":"https:\/\/news.maryland.gov\/dhcd\/2024\/02\/20\/governor-moore-testifies-in-support-of-moore-miller-administration-2024-housing-package\/","title":{"rendered":"Governor Moore Testifies in Support of Moore-Miller Administration 2024 Housing Package"},"content":{"rendered":"\n

ANNAPOLIS, MD \u2014\u00a0<\/strong>Governor Wes Moore today testified in front of the House Environment and Transportation Committee in support of the Moore-Miller Administration\u2019s 2024 legislative housing package. Joined by Maryland Department Housing and Community Development Secretary Jake Day, the governor spoke in support of three bills:\u00a0The Housing Expansion and Affordability Act<\/a>,\u00a0The Housing and Community Development Financing Act\u00a0<\/a>and\u00a0The Renter\u2019s Rights Stabilization Act<\/a>. The bills aim to spur new housing construction, ease regulations, enhance long-term financial investment in low-income areas and centralize resources for Maryland renters\u2014all as part of a comprehensive approach to make Maryland more affordable.\u00a0<\/p>\n

\u201cMaryland is facing a housing crisis and it isn\u2019t just hurting some of us \u2013 it\u2019s hurting all of us. When we talk about Maryland\u2019s housing crisis, we\u2019re talking about individual lives and livelihoods, but also the health and success of our entire state,\u201d\u00a0said Gov. Moore<\/strong>. \u201cThe housing crisis remains one of the greatest threats to Maryland\u2019s success\u2014 and that\u2019s why our administration has assembled the most comprehensive housing package that any Maryland administration has introduced in years. This housing package will help us make Maryland more affordable, and empower us to unleash the potential of our state.\u201d\u00a0<\/p>\n

\"housing<\/p>\n

The Housing Expansion and Affordability Act (SB 484\/HB 538)<\/strong>\u00a0seeks to directly address Maryland\u2019s housing supply and affordability crisis to lower costs and expand economic opportunity for Marylanders\u00a0across the state. This legislation will incentivize the construction of highly targeted new housing\u00a0by removing barriers to development that have contributed to the current supply shortage. The bill also seeks to modernize land use law and expedite and simplify approval for transit-oriented development, development on former state-owned complexes, and housing development by 501(c)(3) organizations if certain affordability requirements are met, in addition to incentivizing development projects by allowing for greater density when certain conditions are met.<\/p>\n

The Housing and Community Development Financing Act (SB 483\/HB 599)<\/strong>\u00a0focuses on strengthening state financing tools for housing construction and community development investments. The bill seeks to establish the Maryland Community Investment Corporation as a state Community Development Entity, which will unlock the ability to compete for tens of millions in federal funding through the New Market Tax Credit program. Upon award of federal funds, the Maryland Community Investment Corporation will make investments in low-income communities and community development projects across the state. The legislation also seeks to strengthen the Strategic Demolition and Smart Growth Impact Fund by allowing for debt payments and credit enhancements to be covered for qualified projects\u2014in all, creating new tools for community and economic development in high-need communities.<\/p>\n

The Renter\u2019s Rights Stabilization Act (SB 481\/HB 693)<\/strong>\u00a0addresses the immediate needs of renters who are experiencing housing instability. This omnibus bill seeks to 1) establish an Office of Tenant Rights in the Department of Housing and Community Development responsible for providing renters with information about their rights under law and creating a tenant’s bill of rights; 2) address the high eviction filing rate in the nation by increasing the eviction filing fee and preventing it from being passed on to renters; 3) reduce the allowable security deposit from two months rent to one month;\u00a04) create a powerful new pathway to homeownership by creating a statewide right of first refusal,\u00a0allowing renters the right to purchase their home if being sold; 5) modify the state\u2019s new rental voucher program to provide prioritization of vouchers for families with children under the age of five and for pregnant women.<\/p>\n","protected":false},"excerpt":{"rendered":"

ANNAPOLIS, MD \u2014\u00a0Governor Wes Moore today testified in front of the House Environment and Transportation Committee in support of the Moore-Miller Administration\u2019s 2024 legislative housing package. Joined by Maryland Department Housing and Community Development Secretary Jake Day, the governor spoke in support of three bills:\u00a0The Housing Expansion and Affordability Act,\u00a0The Housing and Community Development Financing  Read the Rest…<\/a><\/p>\n","protected":false},"author":228,"featured_media":11949,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[280,33],"tags":[],"class_list":["post-11947","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-governor-moore","category-press-releases"],"acf":[],"_links":{"self":[{"href":"https:\/\/news.maryland.gov\/dhcd\/wp-json\/wp\/v2\/posts\/11947","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news.maryland.gov\/dhcd\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.maryland.gov\/dhcd\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.maryland.gov\/dhcd\/wp-json\/wp\/v2\/users\/228"}],"replies":[{"embeddable":true,"href":"https:\/\/news.maryland.gov\/dhcd\/wp-json\/wp\/v2\/comments?post=11947"}],"version-history":[{"count":1,"href":"https:\/\/news.maryland.gov\/dhcd\/wp-json\/wp\/v2\/posts\/11947\/revisions"}],"predecessor-version":[{"id":11948,"href":"https:\/\/news.maryland.gov\/dhcd\/wp-json\/wp\/v2\/posts\/11947\/revisions\/11948"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.maryland.gov\/dhcd\/wp-json\/wp\/v2\/media\/11949"}],"wp:attachment":[{"href":"https:\/\/news.maryland.gov\/dhcd\/wp-json\/wp\/v2\/media?parent=11947"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.maryland.gov\/dhcd\/wp-json\/wp\/v2\/categories?post=11947"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.maryland.gov\/dhcd\/wp-json\/wp\/v2\/tags?post=11947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}