On May 25, the Montgomery County Council approved a $6.7 billion budget for 2024. In doing so, the Council continued its consistent commitment to generating and preserving affordable housing for county residents. The Council allocated more than $77 million in funds for the Department of Housing and Community Affairs, which aims to preserve and increase the supply of affordable housing, maintain existing housing in a safe and sanitary condition, preserve the safety and quality of residential and commercial areas, ensure fair and equitable relations between landlords and tenants and support the success of common ownership communities.
In addition, the Council supported the production and preservation of affordable housing by allocating $57 million to the Housing Initiative Fund (HIF). The Council also provided $8 million to the Housing Opportunities Commission.
“Maryland Inclusive Housing appreciates the ongoing support of Montgomery County Executive Marc Elrich and the County Council for helping county residents attain and maintain affordable housing,” said MIH Executive Director Tim Wiens. “We look forward to continuing with Montgomery County to explore new options in helping county residents with intellectual and developmental disabilities receive the supports they need to thrive while living independently.”