Inner Harbor

Baltimore agrees to 'historic' funding of affordable housing

Baltimore agrees to 'historic' funding of affordable housing

City officials have agreed to fund an affordable housing trust, two years after Baltimore voters approved its creation, committing an eventual $20 million a year, which Mayor Catherine Pugh called “historic.”

Pugh and City Council leaders agreed to levy two excise taxes on certain real estate transactions and other allocations to fund a trust to create, rehabilitate and preserve more than 4,100 affordable housing units in the next decade. Activists say it will help fill a critical need in a city where low-income residents in particular struggle to find decent homes or apartments to rent or buy.

“This is an agreement that came from the power of the residents on...

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