The Moderately Priced Dwelling Unit program is not funded directly, but developers and investors are offered incentives and density bonuses when they participate in the program, which makes it more desirable to potential investors and developers.
For more information, contact the Annapolis Department of Planning, Zoning, and Building.
Baltimore voters approved a Charter Amendment to create the Affordable Housing Trust Fund. To fund the effort, the City Council passed
Bill 18-0221, Ordinance 18-215, Recordation and Transfer Taxes, “Yield” Excise Tax – Dedicated Proceeds to the Affordable Housing Trust Funds. The bill, signed into law on December 12, 2018, authorized a .06% excise tax on the transfer of real property valued at or above $1 million and a 0.15% excise tax on the recordation tax for real property transaction value at or above $1 million. Approximately $13 million per year is expected to be generated through the proposed new excise taxes.
For more information, contact the Montgomery County Department of Housing and Community Development.
The Maryland Department of Housing and Community Development (DHCD) awarded Edmonston several Community Legacy grants for fiscal years 2018-23. Over that time, the program has rehabilitated dozens of senior and low-income homes, bringing them up to code standards. Since the program started, code citations in the community have been reduced by 50%. The town leverages the DHCD funding with $10,000 per award in project administration.
For more information, contact the Town of Edmondston.
Garrett County Community Action and the National Equity Fund established an organizational and funding partnership to limit liability and enable project financing.
Selection criteria are used to determine an applicant’s eligibility to live in The Meadows and other similar housing developments operating in the area. The Maryland Department of Housing and Community Development and USDA’s Rural Development Office have also provided grant funding.
For more information, contact the Town of Mountain Lake Park.
The program is federally funded and works in conjunction with the county. The housing choice voucher program is administered by the county, which is referred to as a Public Housing Agency. HUD provides housing assistance funds, as well as funding directly to the county to help with the administration of the program.