"Maryland is home to an affordable housing crisis, but Marylands next governor can take cost-effective action to address this horrible situation," said Bart Harvey, CEO of The Enterprise Foundation. "A decent, affordable home promotes family stability, creates a positive environment for raising children and helps families transition from welfare to work."
Housing Maryland seeks reinvestment in affordable housing for working and low-income families, and reclamation of blighted areas to advance smart growth initiatives and stabilize communities.
The coalition recommends a three-point housing agenda:
Many employees vital to the states economy—including child care workers, guards, teacher aides and laborers – do not earn enough to meet average housing costs.
A working Marylander needs to earn $16.82 an hour to reasonably afford an average two-bedroom apartment. A person earning the minimum wage needs to work 131 hours a week to reasonably afford the same apartment. As a point of reference, about 25 percent of Montgomery County households earn less than $40,000.
More than 70 percent of the states poorest residents, many of whom work, pay more than one-third their income for rent. Their plight can be expected to become far more severe over the next few years because many currently available affordable housing units are expected to disappear from the market due to redevelopment to more upscale use or attrition from age and/or neglect.
Housing is a big boost to the economy. Every 100 new apartments developed generate 112 full-time jobs, $5.3 million in local income and nearly $2 million in tax revenues and fees—in the first year alone.
Housing Maryland points out that, despite these fiscal inducements, currently programs that support housing and community development represent only 1 percent of the states budget.
"This investment in housing will greatly strengthen the states response to other important issues, including job creation, public health, smart growth, school performance and community safety, " said Dru Schmidt-Perkins, executive director of 1000 Friends of Maryland, an organization that promotes smart growth policies.