The Maryland Department of Housing and Community Development (MDHCD) is accepting comments on proposed guidelines for the new Rental Housing Works (RHW) program. RHW is funded at $17.5 million for FY 2013. The purpose of RHW is to create jobs and strengthen Maryland’s economy by providing gap financing for the creation and preservation of affordable rental housing financed through MDHCD’s Multifamily Bond Program and Low Income Housing Tax Credit Program. Requests for RHW funding will be accepted on an ongoing basis in conjunction with an application for the DHCD Multifamily Bond Program and 4% federal Low Income Housing Tax Credits (LIHTCs). Written comments will be accepted through close of business April 24, 2012 and should be sent electronically to rentalhousing@mdhousing.org with a copy to Patricia Sylvester at sylvester@mdhousing.org. DHCD expects to review the comments and publish final guidance in early May 2012.
Click here to view the request for comments.
Click here to view the Rental Housing Works program description.
