Hamilton: Why betting solely on IZ to create affordable housing in Maryland is a losing proposition

Like many places across the country, Maryland residents are navigating a housing crisis. A 2020 report commissioned by the Maryland Department of Housing and Community Development (MDHCD) reported a shortage of 85,000 affordable apartments in Maryland for families and individuals earning less than 30% of median income. Meanwhile, an additional 97,200 families and individuals earning less than 50% of median income are expected to move to the state by 2030, the study also noted, which will require a dramatic increase in affordable housing supply over the next 10 years.