Community Land Trusts & The Affordable Housing Trust Fund
For years, advocates and organizers in Baltimore City have been working various avenues to increase the amount of affordable, quality housing. In November 2016, City voters approved a Charter Amendment to create the Affordable Housing Trust Fund. The Fund is intended to support both rental and for-sale affordable housing for low and very low-income households, rehabilitate vacant homes, operate community land trusts, provide rental vouchers, and provide housing-related services to families with low incomes and persons with disabilities.
Now legislation has been introduced to create a dedicated funding stream through an excise tax, which is projected to generate approximately $13 million annually for the Trust Fund. With committed funding from the Baltimore Department of Housing and Community Development and the Mayor, the reality of the Trust Fund is poised to help change the affordable housing landscape in Baltimore.
Meanwhile across the City, Community Land Trusts have been working to preserve affordable housing and collaborate around tenant support, back office functions, and to develop mortgage products with local banks. They’ve formed an organization called SHARE Baltimore to increase capacity and, like the name implies, share responsibility for the work of redeveloping Baltimore's historically disinvested neighborhoods.
Join the Community Investment Affinity Group to hear about these two exciting developments in the affordable housing landscape. Our speakers will be:
- Matt Hill, The Public Justice Center and the Baltimore Housing Roundtable
- Todd Cherkis, United Workers and the Baltimore Housing Roundtable
- Odette Ramos, Community Development Network of Maryland
- David Bowers, Enterprise Community Partners
- Lisa Hodges, SHARE Baltimore
This program is for members and invited guests only; lunch will be served.