Maryland

The Baltimore Metropolitan Council (BMC) seeks qualified and experienced developers to apply for affordable housing subsidies for new construction, substantial rehabilitation or existing housing through the Baltimore Regional Project-Based Voucher Program.

The Maryland Department of Housing and Community Development (DHCD) released the second draft of the Qualified Allocation Plan (QAP) and Multifamily Rental Financing Program Guide (Guide) for public comment. Comments on both documents should be sent electronically to [email protected] by 5 pm ET on Feb. 4, 2019.

Governor Larry Hogan (R-MD) announced a series of initiatives and legislation to expand the Maryland Opportunity Zone program. A total of $56.5 million would be dedicated to attracting new businesses and development and continuing to invest in Maryland’s workforce.

The Department is releasing a draft revision of the Qualified Allocation Plan (the “QAP”) and Multifamily Rental Financing Program Guide (the “Guide”) for public comment. Thank you to everyone that participated in the four (4) Listening Sessions held in October. Each session provided us with various perspectives on the current QAP and Guide. The Department […]

On June 29, 2011, the Maryland Department of Housing and Community Development (“DHCD”) issued an initial guidance memo regarding its approval of a new financing technique to facilitate multifamily rental development activity using tax-exempt housing revenue bonds and 4% Low Income Housing Tax Credits. This approach (known as the “Taxable/Tax-Exempt Financing” technique) was initiated to […]

The Maryland Department of Housing and Community Development is initiating the process to revise the Qualified Allocation Plan (QAP) and Multifamily Rental Financing Program Guide (Guide). This notice is an update about upcoming events and opportunities for you to provide feedback to this ongoing process. It is the intention of the Department to have a […]

In accordance with Section 2.5 of the Guide, an updated listing of applicants with a disclosure of all waivers granted to applicants and identification of projects which received State Bonus Points along with a rationale for why these points were awarded is posted to the Department’s website at the following link: https://dhcd.maryland.gov/HousingDevelopment/Documents/Spring2018CompetitiveFundingRound.pdf If you have […]

City officials have created a system that will eventually generate $20 million annually to the fund.

Any project which has already executed a Low-Income Housing Tax Credit Covenant for LIHTC and wishes to amend the Covenant to incorporate the Income Averaging Set Aside prior to execution of IRS Form 8609 would need to receive approval from CD.

The Maryland Department of Housing and Community Development (DHCD) received 44 applications requesting $45.6 million in Rental Housing Funds (RHF) and $61.9 million of federal Low Income Housing Tax Credits (LIHTC) in the Spring 2018 Competitive Round.

These projects will first need to receive a 9% award. 9% scoring will be handles as follows: Income Targeting score will be calculated only using units associated with the 9% credit. Direct Leveraging score will include amounts from bonds and 4% equity towards the leveraging funds amount.  

149 zones will provide development incentives for traditionally underserved areas of the state.