Maryland

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.

Links to each document are included.

Waiver requests are due by April 18, 2018 and pre-application meetings are optional. 

The Maryland Department of Housing and Community Development is announcing the FY19 application round for three State Revitalization Programs – Community Legacy, Strategic Demolition Fund – Statewide (all non-Baltimore City) and the Baltimore Regional Neighborhood Initiative.

Governor Larry Hogan has signed the 2017 Qualified Allocation Plan (QAP) and the Multifamily Rental Financing Program Guide.

Proposals must be received by BMC no later than 3:30 p.m. on Wednesday, April 4, 2018. Successful applicants may be eligible for scoring incentives in the upcoming 2018 competitive round of Low Income Housing Tax Credit (LIHTC) awards.

The Maryland Department of Housing and Community Development has released its final draft QAP. The majority of changes consist of scoring differences to greater incentivize particular activities. The following is a summary of changes: Communities of Opportunity (COO): Family projects in communities of opportunity in Baltimore will be awarded one additional point rather than two […]

DHCD has begun to lay the groundwork for the issuance of PABs prior to year-end in an amount sufficient to continue to provide PABs and 4% LIHTC financing for rental housing developments during 2018 and possibly beyond.

Maryland Affordable Housing Coalition is hosting a discussion on AeroBarrier, a new envelope sealing technology that takes the guesswork out of sealing the building envelope in multifamily properties. Lunch is provided and registration is open.

If PABs are eliminated through Federal Tax Reform, only developments that secure TEFRA approval prior to the issuance of PABs would be eligible for tax-exempt bond and 4% LIHTC financing in 2018 and beyond.

As part of the agreement, the Maryland Department of Housing and Community Development will finance with Low Income Housing Tax Credits at least 1,500 units of family housing in communities of opportunity within the Baltimore region.