Per Montgomery County: Councilmembers Natali Fani-González, Andrew Friedson, Gabe Albornoz, Marilyn Balcombe, Sidney Katz, and Dawn Luedtke today announced a bold new proposal to alleviate pressures on the County’s most vulnerable renters. Like most similar jurisdictions throughout the country, Montgomery County faces a housing affordability crisis. The County has a tremendous housing challenge, with 41,000 housing units needed by 2030 to accommodate population growth and alleviate pressure on county renter households that are cost burdened. Based on a County-specific study, extensive research including from the NYU Furman Center, and the real-world experiences of other jurisdictions across the country, particularly Oregon, Minnesota, and California, the Tenant Assistance and Protection Package will provide direct assistance to the most vulnerable residents, protect against rent gouging, provide access to homeownership to build generational wealth, and increase supply of income-restricted affordable housing.
The sponsors of the Tenant Assistance and Protection Package are calling on County Executive Marc Elrich to include these funds in his recommended budget, due for submission to the Council on March 15.