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George Leventhal

Councilmember

Councilmember George Leventhal

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On February 28, Councilmember Leventhal convened a townhall meeting at Johns Hopkins University’s Montgomery County campus to engage in a dialogue with leaders in the biotech industry about what more Montgomery County can do to foster a healthy environment for biohealth and life sciences companies.

Councilmember Leventhal recently introduced legislation, Bill 41-17, to create a matching grant for companies that receive Small Business Innovation Research (SBIR) or Small Business Technology Transfer (STTR) awards from the National Institute of Health.

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Councilmember Leventhal Calls for Study of Distressed Common Ownership Properties

Councilmember George Leventhal’s advocacy has resulted in a targeted research study to identify common ownership communities (COCs) in the County that are at risk of failure because of fiscal, physical or leadership challenges. In February 2018 Councilmember Leventhal requested that the County’s Department of Housing and Community Affairs (DHCA) undertake a study to address the condition of distressed COCs. County Executive Leggett agreed to have DHCA undertake this study to develop a "concrete action plan that will address the preservation of affordable housing in common ownership communities."

In Maryland, a housing community can be organized as one of several different community or civic associations. Most are established as condominiums, homeowners associations (HOAs) or cooperative housing corporations. Collectively these associations are identified as common ownership communities (COCs).

“Despite recent growth in both the economic and job sectors, the recovery from the recent recession has not been as positive for COCs,” said Councilmember Leventhal. “Many of these communities still face challenges such as units in foreclosure, delinquent unit owners, deferred maintenance and insufficient reserves. There is no data available on the number or circumstances of these communities. A study is needed to develop an action plan that will make a difference for these communities and their residents.”


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