FY27 Budget Includes $152.7M for Affordable Housing

County Executive Elrich's FY27 budget includes $152.7 million for affordable housing, comprising $52.3 million for the Housing Initiative Fund (including $28.4 million for rental assistance) and $100.4 million in the Capital Improvements Program for affordable housing acquisition and preservation. The budget also includes $64 million in new funding for preservation and production from taxable bonds. Since FY19, the County has financed 9,200 affordable rental units across 114 projects.