Increase number of available affordable housing units that are sold to income eligible households by 70% by 2025
Objective Description
Trend Analysis
There is an expectation that going forward the number of MIHU units will continue to grow but not at the rate originally anticipated. This growth, once projected to be an additional 339 townhouses and condo units between the years 2022 and 2029, has been revised down to 210 because of effects of the Adequate Public Facilities Ordinance (APFO) which limits the number of units that can be developed in accordance with the availability of adequate infrastructure such as roads and schools. The implementation of APFO will be in effect from 2021 to 2025. The baseline year for target completion is FY 2018.
Strategies
- Aggressively market the MIHU throughout the community and with employers.
- Continue providing financial education classes to qualify residents for the MIHU Program.
- Howard County, with input from a diverse group of community members is currently requesting proposals to develop a Housing Opportunities MasterPlan with an overarching goal of identifying the County’s affordability issues and needs along with strategies to address them.
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Source: Howard County Department of Housing and Community Development