Odd Lots A County in Maryland Came up With a New Way of Building Affordable Homes
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Dec 18, 2023 
Zachary Marks, Senior VP of Real Estate at the Housing Opportunities Commission, and Paul Williams, founder of the Center for Public Enterprise, delve into revolutionary strategies for affordable housing in Montgomery County, Maryland. They discuss how the county is redefining public housing with modern, amenity-rich designs. The conversation highlights innovative financing methods and public-private partnerships aimed at making housing more accessible. Their model showcases how local governments can successfully address affordability while integrating sustainable practices.
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Housing Market Challenges
- The U.S. housing market faces a fundamental supply shortage.
- Developers prioritize building expensive homes for higher profits.
Montgomery County's HOC
- The Housing Opportunities Commission (HOC) in Montgomery County, Maryland, has pioneered innovative affordable housing models.
- They combined the roles of a housing authority and a housing finance agency.
Self-Financing Model
- Traditional affordable housing relies on limited federal subsidies.
- HOC's model allows self-financing and building mixed-income properties beyond federal programs.