The Department of Housing and Urban Development states that housing is affordable if it costs no more than 30% of family income. Affordable housing for all economic groups is a bedrock principal in Columbia. Nonetheless, the three newest apartments in Columbia – – Alta Wilde Lake, The Metropolitan, and Lakehouse (Little Patuxent Square) — are all Class A or “luxury” apartments. This is evident by the ways the apartments describe themselves, and it’s easy to see by their starting rents that they are unaffordable to the secretaries, sales associates, builders, maintenance workers, cooks and waiters that make it all happen.
The Downtown Columbia Plan anticipates construction of 6,250 residential units that will be priced however the market will bear. The February agreement by the County and Howard Hughes Corporation requires there be 900 affordable apartments built downtown, but advocates say only about 500 units will create new family opportunities; 400 units duplicate what is already available in other Columbia Villages. And we’re further increasing the stock of high-rent apartments with Kimco’s proposal of “luxury” apartments at Hickory Ridge Village Center. Continue reading Does Columbia still believe in Affordable Housing?