21 Projects Across the State Will Create or Preserve Approximately 1,147 Units; $47 Million in State and Federal Funding Will Leverage Over $94 Million in Private Sector Capital
ANNAPOLIS, MD – The Hogan administration today announced funding recipients for the Maryland Department of Housing and Community Development’s most recent application round for federal Low Income Housing Tax Credits and state Rental Housing Funds. Twenty-one projects will receive awards for the new construction and rehabilitation of approximately 1,147 affordable rental units, including 167 units to be specifically set aside for individuals with disabilities. The projects awarded will receive more than $16.6 million in state Rental Housing Funds and over $30.2 million in federal Low Income Housing Tax Credits, leveraging more than $94.5 million in private sector capital.
The awards allocation for this competitive round focused on enhancing the Baltimore region’s total affordable housing stock and continuing the high level of production established under the leadership of Governor Larry Hogan. Since 2015, financing made available through the state and Maryland's allocation of federal tax credits has resulted in the creation and preservation of more than 15,000 units of affordable housing.
“Our administration remains committed to ensuring that our hardworking families, seniors, and Marylanders with disabilities have access to opportunities and a better quality of life,” said Governor Hogan. “Affordable housing is critical to the wellbeing of our citizens, and these awards will help those most in need have a place to call home.”
Awards are determined through competitive application rounds held annually by the department. For this latest competitive round, the department received 44 applications for projects in Maryland. The department received the greatest number of applications in the history of the program and is awarding the largest number of projects in a single competitive application round.
“The awarded projects in this round are going to make a real difference for all Marylanders looking for new, quality, affordable housing,” said Housing Secretary Kenneth C. Holt. “In addition, these projects will create jobs and spur economic growth in these communities.”
The 21 awarded projects are distributed between 10 counties and Baltimore City. Notable projects include: Main Street Apartments, a 70-unit project located steps away from Rockville Town Center in Montgomery County; the Reserve at Somerset Commons Phase II in Princess Anne which will add 54 units for families to the existing 75 units constructed in Phase I; Chautauqua Park West, a 77-unit, mixed-income family development in Garrett County that will provide project-based rental allowance for 54 units; and 520 Somerset Apartments, part of a two-phase 197-unit project that will be part of the master plan for redevelopment of Oldtown and adjacent areas in Baltimore City.
For a list of awardees, see Affordable Rental Housing Awardees 2018.
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MORE FREE BEES ! why do i even bother to work when these idiots get everything for free? Is it bc i am white?
ReplyDeleteWe just saw property values plummet. The most vibrant culture!
ReplyDeleteWhy do you always put affordable housing in the Eastern shore
ReplyDeleteElection year. Who's botrs are you buying. Eastern shore has enough low income crime ladden areas.
John Cannon has some competition.
DeleteYou will see some of Obama Era housing vouchers and the poor thugette renters will be renting homes in your nice neighborhoods.
ReplyDeleteRINO Larry is dumping more of our hard earned tax dollars on the lazy morons that refuse to work.
ReplyDeleteRINO Larry has been buying votes at our expense for the last three years.
I'm getting to the point that I want RINO Larry to lose his election just on this and his other crimes against the taxpayers. It wouldn't hurt my feelings if RINO Larry got arrested for these crimes.
Before you RINO's get bent out of shape, do you know how many millions of tax dollars could have gone back to the taxpayers? Why weren't our taxes cut? That is what a true conservative does.
The one thing Hogan could have done to try and help restore some civility to an insane State is to repeal the Residential Sprinkler ordinance. That one action alone could have helped thousands upon thousands of Marylanders to help them realize their dream of owning a new home.
ReplyDeleteRino these days. Might as well vote dumbocrat
ReplyDeleteDo something about our gistapo state for CCW
Princess Anne units will just fill up with more ex cons bringing more drugs and killing. We need to be able to protect ourselves
Ditto 8:31. I'm sure everyone has noticed these section 8 storage units are on every other corner like drug store's. And keep looking, they are under construction on the other corners. They do bring a certain element. So hold back on calling me the "r" word, because I'm speaking of all flavors
ReplyDeleteWondering how Osprey got so many awards after misleading Salisbury on the “Artisan” Housing on the Wicomico.
ReplyDeleteLarry put some of these by your home you POS.
ReplyDeleteThen again Ben Racist Jealous would have these EVERYWHERE part of Obamas plan.