Hogan announces awards for affordable rental housing
Gov. Larry Hogan has announced awards for affordable rental housing for 21 projects across the state, totaling more than $47 million in state and federal funding and $94 million in private-sector capital.
“Gov. Hogan has tasked the Maryland Department of Housing and Community Development with focusing on accelerating the development of affordable housing across the state for hard-working families, seniors and individuals with disabilities, resulting in the creation or preservation of more than 15,000 units of affordable housing across the state during the last four years," Heckles said in an interview with Maryland State Wire.
Heckles said in this Low-Income Housing Tax Credit and Rental Housing Fund allocation round, the 1,147 affordable rental units were selected for funding by the department.
"The primary policy objective for this round was to create incentives for developers to develop new affordable family units in Communities of Opportunity in the Baltimore region," Heckles said. "The projects will receive more than $16.6 million in state Rental Housing Funds, as well as more than $30.2 million in federal Low Income Housing Tax Credits administered by the department."
Hogan said his administration remains committed to ensuring that families, seniors and Marylanders with disabilities have access to opportunities and a better quality of life.
"Affordable housing is critical to the well-being of our citizens, and these awards will help those most in need have a place to call home," Hogan said.
The funding recipients are across 10 counties and Baltimore City and include a 70-unit project known as Main Street Apartments near Rockville Town Center in Montgomery County; Phase II of The Reserve at Somerset Commons in Princess Anne; a 77-unit mixed-income family development in Garrett County known as Chautauqua Park West; and 520 Somerset Apartments in Baltimore City, among others.