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In The News … (more!)

Affordable housing means financial incentives, experts tell MontCo (Washington Examiner): “Yet 44 percent of renters in the county spend more than 30 percent of their income on housing, said Michael Bodaken, president of the National Housing Trust. A minimum-wage earner would need to work four full-time jobs to afford a “modest” two-bedroom apartment in the county. The most realistic solution is to try to preserve some of the existing housing where rents are in danger of climbing, because working with existing structures costs one-third as much as building new housing, Bodaken said.” According to Roger Lewis, professor emeritus at the University of Maryland, “it is going to take some public-sector financing, which then gets into the political briar patch.” (We also touched upon the high housing costs in Arlington in yesterday’s In The News)

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