This week, the Montgomery County Council passed a resolution to add 10,000 homes in the county by 2030. The resolution is part of a wider goal from the Metropolitan Washington Council of Governments (MWCOG) to add 320,000 housing units in the region over the next 11 years.
The resolution also supports MWCOG's priorities of concentrating 75 percent of new housing near transit hubs and in "Activity Centers", and for 75 percent of the new housing to serve households with low, very low and middle income.
Roughly 7,000-8,000 of the new units would be in unincorporated areas of Montgomery County, and the target specifies 1,000 additional units each for Gaithersburg and Rockville. Although the city of Takoma Park has not identified a specific target, the council has specifically affirmed its desire to increase housing there, and has separately adopted a housing and economic development strategic plan.
Data from the Urban Institute released last month bolstered the need for new housing in the county. By 2045, 119,000 households in the lowest two income bands are expected to need housing priced at under $1,300 per month, according to the report. The county is expected to add 31,000 households by this time: 23,000 in unincorporated areas, 5,000 in the city of Rockville, and 3,000 in the city of Gaithersburg. Meanwhile, between 2015-2030, the county could lose nearly 12,000 affordable units with federal subsidies, 600 public housing units, and 22,000 naturally affordable units.
The resolution also cites various recommendations from the Urban Institute report, including expanded fair housing protections, emergency rental assistance, rapid rehousing for those experiencing homelessness, home purchase assistance, rent stabilization, restrictions on short-term rentals, proactive housing inspections, and shared equity models like land trusts and co-ops.
While most MWCOG jurisdictions have yet to set specific targets, DC released production targets by planning area last month.
See other articles related to: urban institute, the urban institute, rockville, mwcog, montgomery county, metropolitan washington council of governments, housing production targets, housing production, gaithersburg
This article originally published at http://dc.urbanturf.com/articles/blog/montgomery-county-council-approves-10000-housing-unit-production-target/16113
Most Popular... This Week • Last 30 Days • Ever
UrbanTurf has compiled virtual looks at large new developments around the DC region.... read »
The seven-bedroom home hit the market on Friday and was under contract by Sunday.... read »
This year will likely go down as the year that prices for houses in DC reached new he... read »
Dubbed OZMA, the 13-story project will include roughly 7,900 square feet of ground fl... read »
A previous proposal for the site shared last year would have delivered 83 units and s... read »
The preferred mortgage product among most home buyers is the fixed-rate mortgage. How... read »
STAY DC provides rental aid and utility payment grants to at-risk District residents ... read »
The planned 8-unit development would be located on K Street right along the Potomac R... read »
Landmark Theatres is in the final stages of negotiations that would have it operating... read »
The 12,000 square foot replica of 1600 Pennsylvania Avenue went under contract last w... read »
With this weekend's DC houseboat tour a day away, UrbanTurf thought it only fitting t... read »
President Obama travels to Denver this morning to sign the stimulus bill that has bee... read »
In this week's installment of Ask An Agent, a reader wonders if there is a rule for h... read »
As The Wharf prepares to begin construction, DC's houseboat community heads to its ne... read »
In this week's installment of Ask An Agent, a reader asks a fairly common question th... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Visit guides.urbanturf.com or start browsing below!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro