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Can Government Alone Create Housing Affordability?
Montgomery County, MD, has fashioned a $100 million housing production fund to intervene in the local housing market with low-cost capital to rescue market-rate projects that are stuck and then using the equity to extract more low-income units. Sunil Dasgupta finds out how Zach Marks, who manages the fund on behalf of the county\u2019s Housing Opportunities Commission, cracked the affordability problem. State news: budget drop and upcoming bills with MD Legislative Coalition. Music for this episode comes from 1923; sound recordings from that year just entered the public domain. National Jukebox: https://t.ly/DDGgx.