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The Briefing Room: Preservation as a Housing Strategy
Description
Building new housing is only part of the affordability challenge. Counties also need tools to preserve the affordable homes already in their communities.
In Episode 7 of The Briefing Room's housing finance series, Dom Butchko and Terry Hickey are joined by Jonathan R. Butler, Director of the Prince George’s County Department of Housing & Community Development, to explore preservation as a housing strategy.
The conversation looks at where affordable properties are most at risk, how Right of First Refusal (ROFR) can help counties preserve existing units, and how Prince George’s County puts that tool into practice. The episode also explores the partnerships and financing needed to make preservation deals work and what other counties can learn from the Prince George’s approach.
As Maryland works to expand its housing supply, preservation remains an important part of keeping existing homes affordable and preventing communities from losing ground.
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