Prince George's County allocates $2.5M for New Carrollton affordable housing project

Prince George's County is set to make significant strides in affordable housing development following the approval of a $2.5 million allocation from the Housing Investment Trust Fund during the Committee of the Whole meeting on April 15, 2025. This funding is earmarked for the New Carrollton Affordable Phase 1 project, which aims to finance the construction of new affordable rental housing in the area.

The resolution, known as CR 27, received strong support from various council members, including sponsors Walt Watson, Olson, Harrison, Ivy Fisher, Buge, Hawkins, and Donoga. The county executive's office has committed to expediting the process, ensuring that the funds are utilized effectively and promptly to address the pressing need for affordable housing in the community.

This initiative reflects the county's ongoing efforts to enhance housing accessibility and support community development. The allocation is expected to facilitate the construction of much-needed rental units, providing relief to residents facing housing challenges.

In addition to the housing resolution, the meeting included procedural discussions and updates on other matters, but the focus remained on the critical importance of affordable housing solutions for Prince George's County residents. As the project moves forward, stakeholders are optimistic about the positive impact it will have on the community's housing landscape.