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“The private sector is focused on return on investment. Our return is public good.”

Chelsea Andrews, executive director of Montgomery County’s Housing Opportunity Commission, commenting on the Maryland county’s unique law that allows it to invest in property development to ensure a steady supply of housing for low-income residents. The law requires developers to set aside about 15 percent of the units in new projects for households making less than two-thirds of the area’s median income. (New York Times – Aug. 25, 2023)

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