Montgomery County’s planning department is recommending the county change its “rent stabilization” law, saying it has had a chilling effect on housing development.
The recommendation comes after a recent survey of area developers and an analysis of the county’s housing pipeline.
There are about 27,000 unbuilt housing units in the pipeline. Nearly half of those have received all necessary approvals from the county Planning Board and have to secure financing and permits to start building.
But developers say that rising project costs and local policies are keeping them from building homes in Montgomery County.
Click here to read the rest of the article written by Jack Hogan over at The Baltimore Banner
