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County housing director outlines preservation tools and new homeownership programs
Summary
Director Butler described how Prince George's County plans to preserve affordability using ROFR, long‑term covenants, a 2024 land bank authority, TOPA and two new county programs: critical workforce assistance (0% loans up to ~$50,000) and a homeownership equity program.
Prince George's County housing leadership presented a set of preservation and production tools aimed at preventing displacement and expanding homeownership.
Director Butler reviewed the county's affordability framework (housing is considered affordable if housing costs are under 30% of income) and explained preservation tools in use: right of first refusal (ROFR) for at‑risk properties, long‑term deed restrictions and affordability covenants (up to 40 years), and tenant protections such as Tenant Opportunity to Purchase Act…
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