Overview

• Governor Wes Moore emphasizes the critical housing shortage in Maryland, with an estimated deficit of 96,000 units, as a major economic and social issue.
• The proposed legislation seeks to incentivize new housing construction, enhance financial investments in low-income areas, and streamline development processes.
• Key measures include modernizing land-use laws, creating the Maryland Community Investment Corporation for community development, and expanding the Strategic Demolition and Smart Growth Impact Fund.
• A focus on renters' rights introduces increased eviction surcharges to fund assistance programs, establishes an Office of Tenant Rights, and modifies the state's rental voucher program.
• Moore's engagement with the legislature marks a proactive approach to addressing housing challenges, contrasting with the previous administration's stance.