The Maryland government is making significant strides in addressing housing challenges, as highlighted in the recent ENT Committee session on January 14, 2025. A key focus was the passage of the Just Communities legislation, aimed at reversing decades of disinvestment and exclusionary policies. This proactive approach is set to target state investments effectively.
The session also detailed the implementation of the Housing Community Development Financing Act, which took effect on July 1. The board overseeing this initiative has been fully appointed, with Comptroller Liermann elected as chair and Michael Pokorny hired as CEO. The board is now preparing for strategic planning and enhancing community advisory roles as they work on the 2025 new markets tax credit application.
Another highlight was the Renter's Rights and Stabilization Act, effective October 1, which introduces crucial provisions such as limiting security deposits and increasing eviction filing fees. The state has also launched an online portal to educate landlords and renters, and is finalizing a tenants' bill of rights.
The Housing Expansion and Affordability Act, which has garnered considerable attention, aims to facilitate the construction of more homes than seen in the past decade. The department is actively collaborating with local governments and stakeholders to understand the implications of this legislation on development timelines. Notably, nine out of thirteen recent low-income housing tax credit projects are eligible for increased density under this act, signaling a positive shift towards building much-needed housing in appropriate areas.
As the session concluded, officials expressed optimism about continued progress in the 2025 session, emphasizing the importance of collaboration to tackle the housing shortage affecting various jurisdictions across the state. The commitment to quantifying the impacts of these legislative efforts was also underscored, ensuring transparency and accountability in addressing Maryland's housing needs.