Title
AN ACT CONCERNING PUBLIC LAND AFFORDABILITY REQUIREMENT for the purpose of requiring residential developments built on County-owned land to include affordable housing units; establishing a “Public Land Affordability Requirement” that ensures that any residential development of ten or more units on County-owned property dedicates at least one-third of the units as affordable for the life of the development as secured through long-term affordability covenants; defining a certain term; and generally regarding affordable housing on County-owned land.
Background
Prince George’s County continues to face increasing housing costs and limited availability of long‑term affordable units. When residential developments occur on County‑owned land, there is a unique opportunity to secure permanent affordability at the point of new construction-an opportunity not currently required or guaranteed under existing law. This bill concerns the Public Land Affordability Requirement for the purpose of requiring residential developments built on County-owned land to include affordable housing units. This ensures that any residential development of ten or more units on County-owned property dedicates at least one-third of the units as affordable for the life of the development as secured through long-term affordability covenants.