College Park discusses options for affordable student housing amid project concerns

The College Park City Council meeting on March 4, 2025, focused on the pressing issue of affordable housing for students, particularly in light of the upcoming College Park Towers project. Council members discussed the current rental market, highlighting that two-bedroom apartments in the area are priced between $2,500 and $2,900 per month, which translates to approximately $625 to $725 per bed. This is significantly lower than the average rates of $1,300 per bed seen in newer apartment complexes.

Council member Rigg emphasized the need for affordable housing options, noting that the University of Maryland is not constructing new dormitories, which exacerbates the housing shortage for students. He proposed that the developers consider setting aside a portion of their project for affordable housing or creating a subsidy program for students with financial needs, referencing the city's existing student housing subsidy program.

The developers expressed openness to discussing these suggestions, indicating a willingness to engage with the council and community concerns. However, they also noted the complexities involved, as they have already invested considerable time and resources into the project over the past 18 months.

The council members reiterated their commitment to addressing the community's needs for affordable housing, with several expressing concerns about the long-term implications of high rental prices and the necessity for a balanced approach to development that includes affordable options.

In addition to housing discussions, the meeting also covered legislative updates, including a proposal to increase municipal infraction fines from $1,000 to $5,000, which received support from various municipalities. The council plans to continue discussions on affordable housing and other legislative matters in the coming weeks, with a follow-up meeting scheduled for March 18, 2025.