A County in Maryland Is Changing the Model of Public Housing

The Fed has hiked rates aggressively to cool down inflation, and while in theory this helps to slow down demand, it can also have the perverse effect of impairing supply. You see this phenomenon most clearly in housing, where higher rates have translated into a slower pace of new development, at a time when housing units are already seen to be in shortage.

One place that is trying to tackle this issue head on is Montgomery County, Maryland. They’ve adopted an innovative approach aimed at expanding production of affordable public housing even amid higher rates.

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