Last month, Mayor Catherine Pugh signed a Memorandum of Understanding (MOU) pledging to enact a new tax on million-dollar condominiums and related construction loans to underwrite a fund for affordable housing.
At a September 26 press conference, Pugh touted her Affordable Housing Trust Fund as a “historic measure” that would go a long way to stopping homeless camps from sprouting up around the city and would aid families on the brink of losing their homes.
“You can’t treat people, you can’t help people, unless they have a place to live. And that’s what this commitment is about,” she declared.
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