Preserving Affordable Rental Housing in Silver Spring
The following entry was submitted by Maria Markham. She raises an important issue about the changing face of our community: who can afford to live here? Who is getting priced out? What do you think? — Eric Bond, editor
by Maria Markham
As housing prices skyrocket in the greater Silver Spring area, more and more families are finding it hard to pay the rent. And with more than 59 percent of Silver Spring residents renting according to the 2005 American Community Survey, the County Council needs to take immediate action to preserve affordable rental housing.
Since the late 1990s, Silver Spring has been losing affordable rental units, consistent with a national trend of rapidly disappearing rentals at the low end of the market. The situation is further compounded by rent increases. Between 2001 and 2005, rents increased by over $3,750 annually. The 2005 American Community Survey also shows that renters spend a disproportionate amount of their income on housing with 45 percent paying 30 percent or more of their income for housing. And we know that the situation is even worse for low-income households who can spend more than 50 percent of their earnings on housing.
Working families are not the only ones adversely affected by rising rental costs in Silver Spring. A disproportionate number of immigrants, retired and elderly people and people-of-color are also finding it increasingly difficult to afford their current rents. Residents who work in or near Silver Spring are being forced to find affordable housing elsewhere, leaving them no option other than a long commute. These community members fill critical positions as workers in our local economy and in our community churches and civic groups.
As they get pushed out, many new luxury apartments are springing up.
What’s happening in Silver Spring reflects a national trend. “Rents for newly constructed apartments far exceed rents for existing units,” a recent study by Harvard University’s Joint Center for Housing Studies shows. The study also explains that most newly built rental apartments are priced far above what the majority of renters can afford. Thence, new renters are often younger, single and affluent.
These factors are driving a troubling change in Silver Spring’s demographics. And the County Council’s Task Force on Affordable Housing should consider the impact of this transformation on our community.
We don’t want to have growth and development off the backs off our working families and longtime residents. The Task Force should explore the inherent tension between planned economic development and growth and the social good in Silver Spring and come up with solutions that work for all community members.
This is not an either/or situation, especially with the economic growth Silver Spring is experiencing these days. Other communities have worked with developers to preserve affordable housing while also meeting developer concerns. And we, too, can find creative solutions to developer and community issues that balance the revitalization of our neighborhoods while preserving affordability. Our tax dollars need to be working for the social good in Silver Spring, not subsidizing private developers’ profits.
The bottom line is that working families should have a decent place to live at affordable prices. After all many of them have been here for generations and to uproot them is to displace an important part of our community’s history.