Research & Resources

Curated links to policy reports, academic research, media coverage, and program documentation on revolving housing production funds.

National Model Resources

Housing Production Fund
Montgomery County Housing Opportunities Commission · hocmc.org
The $100M program that started the national movement. 731 units built, 2,399 in pipeline.
Atlanta Urban Development Corporation
atlurbdevco.com
Atlanta’s version: city-backed development entity using similar revolving fund mechanics.
HUD Quarterly Update: Housing Production Funds
HUD · huduser.gov · March 2024
HUD event featuring CPE, Montgomery County, and Atlanta discussing the revolving fund model.
2024 Ivory Prize Winners
Ivory Innovations · ivoryinnovations.org
Montgomery County HPF won the finance category. $300K prize for housing affordability innovation.

Academic & Policy Reports

Smoothing the Housing Investment Cycle
Center for Public Enterprise · publicenterprise.org
Foundational paper on the revolving fund model for housing production.
A New Class of Supply-Focused Housing Investment Programs
Center for Public Enterprise · December 2025
Updated national landscape survey of revolving housing production fund programs.
Government-Led Housing Development Models
NYU Furman Center · localhousingsolutions.org
Comprehensive taxonomy of the emerging spectrum of publicly owned housing development models.
Mixed-Income Development Model
National Housing Crisis Task Force · 2025
White paper on mixed-income development in Montgomery County, Chicago, Atlanta, and Chattanooga.
Housing Finance Innovations
Urban Institute · urban.org
Analysis of the revolving fund model in today’s high interest rate environment.

Media Coverage

A Maryland Housing Experiment Offers a Possible Road Map
New York Times · August 2023
Coverage of Montgomery County’s Housing Production Fund as a national model.
This county may have found a solution to the nation’s housing crisis
NPR · October 2024
NPR’s reporting on the Maryland mixed-income public housing model gaining national attention.
The controversial plan to solve the housing crisis
Vox · February 2024
Vox’s analysis of the social and public housing movement including revolving fund models.

Pennsylvania Momentum

Bethlehem hires nonprofit to establish loan fund to support housing development
WFMZ · wfmz.com
Bethlehem hired CPE for $12K feasibility contract. Lehigh County and Allegheny County also pursuing programs.

Chicago Green Social Housing (Comparator)

Chicago City Clerk — GSH Ordinance
chicityclerkelms.chicago.gov
Legislative record for the RIC ordinance establishing Chicago’s Green Social Housing program.
Business and Neighborhood Development Strategy
City of Chicago · chicago.gov
Context for the $135M Housing and Economic Development Bond program.
MPC Letter of Support for Green Social Housing
Metropolitan Planning Council · metroplanning.org
Metropolitan Planning Council endorsement of Chicago’s Green Social Housing initiative.