Maryland’s Affordable Housing Trust Solicits Applications

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Tax Credit Advisor, February 2009: The Maryland Affordable Housing Trust (MAHT) is soliciting applications by 3/6/09 for funding in its most recent funding round. Funds are provided as grants to promote affordable housing for households earning less than 50% of the area or statewide median income. Eligible uses of funds include for: capital costs of rental and ownership housing; financial assistance for nonprofit-developer capacity building; supportive services for affordable housing residents; and operating expenses of affordable housing developments.

Separately, the Maryland Department of Housing and Community Development has announced it anticipates its next application round for low-income housing tax credits and state rental funds in August 2009.

(http://www.dhcd.state.md.us/Website/programs/maht/maht.aspx)