Maryland

Housing Authority of Baltimore City Request for Qualifications Developer Partners for Projects under RAD

The Housing Authority of Baltimore City (HABC) requests qualifications from experienced low-income housing developers to partner with HABC in submitting an application to HUD for the Rental Demonstration Program (RAD). HABC intends to enter an agreement with one or more selected developer(s) selected under this RFQ to jointly redevelop one ore more public housing development(s) under the RAD program or by other means available to HABC under its Moving to Work (“MTW”) authority or otherwise.

Maryland Releases Second QAP Draft

The Maryland Department of Housing and Community Development has released their second draft of the proposed 2013 Qualified Allocation Plan (QAP).

Maryland Releases Proposed FY 2013 QAP and Rental Financing Program Guide

The Maryland Department of Housing and Community Development (DHCD) recently released its proposed CY 2013 Qualified Allocation Plan (QAP) and Multifamily Rental Financing Program Guide drafts for public comment and review. The CY 2013 funding round will award 2014 federal Low-Income Housing Tax Credits (LIHTCs) and FY 2014 Rental Housing Funds (RHF).

MD Governor Announces $25 Million In State Budget For Funding for Rental Housing Works Program

Today Maryland’s Governor Martin O’Malley announced he has proposed $25 million for the Rental Housing Works (RHW) program in his FY 2014 budget. The RHW program is a gap financing program for projects funded using DHCD’s Multifamily Bond Program (MBP); RHW applications are submitted in conjunction with a MBP application.

Maryland Releases Status Update on 2013 QAP Revision

The Maryland Department of Housing & Community Development (MDHCD) released a notice to provide a status update on the revision process for its 2013 Qualified Allocation Plan and Guide.

IRS Sets State Tax Credit Ceilings for 2013

The Internal Revenue Service (IRS) announced in Revenue Procedure 2012-41 that it has set the inflation-adjusted State credit ceiling for the Low-Income Housing Tax Credit (LIHTC) program and private activity bond caps for calendar year 2013.

IRS Publishes Unused Housing Credit Carryover Amounts

The Internal Revenue Service (IRS) recently published Revenue Procedure 2012-42, which indicates the amounts of unused Low-Income Housing Tax Credit (LIHTC) carryovers for 2012. These carryovers, which amounts to nearly $2.43 million in unused credits, have been allocated to 34 states.

HUD Proposes Demonstration Program to Further Fair Housing in Baltimore

HUD has issued a Notice of Intent to conduct an Affirmatively Furthering Fair Housing program in the Baltimore, Maryland Standard Metropolitan Statistical Area (SMSA). The Agency will make available certain incentives to developers in order to encourage the production and availability of more affordable housing units in “communities of opportunity,” as defined in the Thompson vs. HUD settlement, in the Baltimore SMSA.