Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Workforce housing task force presents findings: county median price out of reach for many workers
Summary
A chamber-sponsored task force reported that the county median home price has risen beyond affordability for a majority of local households and offered recommendations to preserve existing affordable neighborhoods, create new workforce housing, increase community awareness and identify funding sources.
A community task force convened by the St. Mary’s County Chamber of Commerce presented a final report Tuesday concluding that rising housing costs have pushed the median-priced home in the county out of reach for most local households.
The task force — co-chaired by Chris Longmore and John Perlet and drawing members from the housing authority, business and nonprofit sectors — reported the county median household income and housing prices indicate a large affordability gap: the February 2007 median single-family sale price cited in their analysis was about $337,500, while a household would need roughly $86,000 in annual income and limited recurring debt to afford that house under typical financing assumptions. The…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
