Submitted by kbd77 t3_11xj7u2 in providence
cowperthwaite t1_jd4kzc9 wrote
Reply to comment by kbd77 in Bill would create $50-million revolving fund to develop public housing by kbd77
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tl;dr
>The takeaway: Montgomery County acts a "public developer" — meaning that HOC is building new housing on land that it often already owns, rather than simply relying on the private sector to create more units. It's invested $100 million in a revolving fund that's accelerated the construction process and is expected to produce about 1,500 units every four or five years. And it focuses on creating mixed-income housing, also known as “social housing."
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