A developer who has built several high-profile apartment projects in the Baltimore area testified about the vitality of that market before a House Energy and Commerce subcommittee in Washington on Tuesday.
Tom Bozzuto, chairman and CEO of The Bozzuto Group in Greenbelt, told members of Congress that the housing rentals are a $1.1 trillion industry that have 35 million residents today.
Bozzuto’s testimony was part of a presentation by the National Multi Housing Council and the National Apartment Association.
“In an environmentally sound way, we help build vibrant communities by offering housing choice, supporting local small businesses, creating millions of jobs and contributing to the fabric of communities across the country,” Bozzuto said.
Bozzuto’s company has built dozens of apartment developments in Maryland. It opened The Fitzgerald apartments on Mount Royal Avenue in midtown in 2010, The Arbors at Baltimore Crossroads near Middle River and is a partner in a new community in west Baltimore, The Uplands.