The Maryland Department of Housing and Community Development (DHCD) updated its Community Development Administration (CDA) Supplementary General Conditions and 2020 competitive funding round Frequently Asked Questions (FAQ). Additional FAQs will be added as questions are received. Please continue to check the website for updates.
The Maryland Department of Housing and Community Development (DHCD) issued Multifamily Notice 20-15 concerning the use of the “Taxable/Tax-Exempt Financing” technique. DHCD is now expanding the financing technique to include projects that rely on subordinate financing from DHCD through Rental Housing Works (RHW) and other subordinate financing programs of DHCD. This modification is retroactively effective for applications submitted for financing, and DHCD will work with individual projects in underwriting to set the best course forward for each deal.Read More