Jan 5, 2015
Housing in Baltimore keeps getting more expensive, and over 24,000 affordable housing units are needed. But the 2007 law that promised to produce more affordable housing did everything but.
At the time, the city council said developers getting special tax breaks for new apartment buildings would have to make 10 to 20 percent of the units affordable. The city even agreed to pay out more than two million dollars to developers in exchange for affordable apartments.
When the cameras went away, the city council amended the law nearly 100 times to make exemptions for almost all new developments. Now the two million dollars is spent; and how many affordable apartments were built, among the thousands of expensive new units?