In Baltimore today, there is virtually no town where a full-time minimum wage worker can afford a decent, two-bedroom apartment. Meanwhile, over 1,700 people are sleeping out on the streets or in homeless shelters because they do not have the money to put a roof over their heads. Meanwhile, large, profitable institutions, which is why the wealthy institutions in Maryland, pay nothing in federal income taxes.
Housing an Inclusive Baltimore and focusing on tools that address a continuum of housing needs, including housing for residents experiencing homelessness, affordable rental housing, and attainable home ownership. The plan seeks to align the City and its partners’ actions between 2021-2025 according to four strategic goals 1) create affordability, 2) preserve affordability, 3) promote access to housing, and 4) stabilize residents at risk of displacement.
Housing an Inclusive Baltimore details funding priorities that are associated with specific populations along the housing continuum.
• 25% to 30% of housing resources invested to serve residents earning at or below 30% of Area Median Income (AMI) and those experiencing homelessness who are seeking to access or maintain rental housing, including:
• 25-30% of housing resources to serve residents experiencing homelessness
• 30-40% of housing resources to serve residents earning at or below 30% AMI
• 20 to 30% of housing resources invested to serve residents earning 31 to 80% AMI that are seeking to access or maintain rental housing.
HOUSING CORE GOALS
Create affordable housing in vulnerable areas and in areas of opportunity by focusing on production that considers specific neighborhood conditions, including areas vulnerable to displacement and neighborhoods that have strong amenities such as transit, jobs, high quality education and health care. Measurable outcomes from investment and policies under this core goal include new units created.