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DHCD highlights housing shortfall, new finance vehicle and ‘Housing for Jobs’ proposal
Summary
Secretary Jake Day told the Eastern Shore delegation Feb. 14 that Maryland faces a substantial housing shortfall and described a newly certified Maryland Community Investment Corporation to direct New Markets Tax Credit investment to in‑state projects.
Maryland Department of Housing and Community Development Secretary Jake Day told the Eastern Shore delegation on Feb. 14, 2025, that persistent housing undersupply is constraining Maryland’s economy and that the agency is pursuing several new and existing tools to increase production and investment.
Day said statewide estimates of the housing shortage range from roughly 96,000 to 150,000 units; using the lower bound, he emphasized the scale of the problem and the economic drag he said results from unmet housing demand. Day described the newly certified Maryland Community Investment Corporation (MCIC), established by last year’s Housing and Community…
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