$1 billion in new affordable-rental investment is the centerpiece of a commentary arguing Gov. Wes Moore is worsening, not narrowing, Maryland’s racial wealth gap.
The piece says subsidizing rentals builds landlords’ wealth while leaving tenants without ownership, and faults Moore for favoring race- and gender-conscious contracting over cost and competency.
Maryland’s own planning data put median net worth at about $463,000 for non-Hispanic white households versus $61,000 for non-Hispanic Black households, a gap the commentary says current policies do not address.
CNBC’s recent ranking of Maryland as the nation’s second-worst state economy underpins the broader claim that Moore’s economic message clashes with the state’s budget deficits and weak performance.