* WARNING: THIS IS AN UNOFFICIAL, INTRODUCTORY COPY OF THE BILL.
THE OFFICIAL COPY CONSIDERED BY THE CITY COUNCIL IS THE FIRST READER COPY.
INTRODUCTORY*
CITY OF BALTIMORE
COUNCIL BILL R
(Resolution)
Introduced by: President Dixon
A RESOLUTION ENTITLED
A COUNCIL RESOLUTION concerning
Title
Informational Hearing - Low Income Rental Housing
FOR the purpose of inviting the author of "Low-End Rental Housing: The Forgotten Story in Baltimore's Housing Boom" to share with the City Council and the Baltimore public the findings concerning the state of low-income residential real estate rental property in the City; and asking the Baltimore City Housing Commissioner to share with the Council the agency's response to the report and the efforts the City has made to ensure that decent rental properties are available to low income residents in all neighborhoods throughout the City.
Body
Recitals
Last month the Urban Institute published a research report, funded by the Abell Foundation, on Baltimore's low-end private rental housing market that held that the problems in this market are wide ranging, and that despite the recent heralding of the "real estate's rising tide" in Baltimore's home prices, there is an opposite end of the spectrum where there are an estimated 40,000 low-income renters who cannot afford even the modest rents on their dwellings and who live in substandard housing, or both, and that nearly 20,000 substandard units are renting for less than the median rent.
Even a sustained geographically widespread surge in residential sales will not address the serious problems in the low-end rental market where, according to the author, 1/2 of all rental units in Balt...
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