Safe Haven

A Collaborative Effort To Create New Affordable Housing For Prince George’s County Residents

November in Prince George’s County saw the kickoff of the celebration of Housing Month that showcased the ongoing efforts by the Alsobrooks Administration, developers and community partners working to create new affordable housing for residents.

“We convened subject matter experts, advocates, legislators, and the leaders of our housing agencies to discuss the affordable housing needs in our County.,” said County Executive Angela Alsobrooks.

Out of that collective effort came the Right Of First Refusal Preservation Fund. A $15 million preservation fund that will support affordable housing over the long-term and help secure the housing future for Prince George’s County.

“Under the Right of First Refusal, the County’s Department of Housing and Community Development may purchase, or assign the right to purchase, multi-family buildings with 20 or more units when the owner intends to sell the property. This can prevent a new developer from coming in and tearing down the property to build new, higher-priced units in its place. Through this preservation fund, we can ensure that as our County grows, we keep housing affordable so those who have been longtime residents of our community will be able to remain in their homes,” stated Alsobrooks.

Source: Community Connections, 3 December 2021