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Task force reviews funding tools — housing trust funds, land banks and inclusionary zoning — to finance permanent affordability
Summary
The Prince George's County task force reviewed multiple funding strategies for a community housing trust, including redirecting public funding, municipal trust funds, inclusionary zoning set-asides, and using a newly authorized county land bank to supply land for permanently affordable homes.
Brenda (Speaker 3) framed the funding discussion by saying that, beyond creating a trust, the county's most important role will be directing and capitalizing sources to achieve permanent affordability and to build nonprofit implementing capacity.
She reviewed examples from other jurisdictions. Burlington and Vermont were cited as jurisdictions that require or prioritize permanent affordability for public housing dollars; Brenda said Vermont's statewide trust and Burlington's program together created a substantial number of permanently affordable units over decades. The Lincoln Institute study and other…
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