Gov. Hogan Declares $200 Million Inexpensive Housing Bundle To Tackle Rising Prices

Governor Larry Hogan

ANNAPOLIS, Md.—Governor Larry Hogan at this time introduced that greater than $200 million in financing instruments and new packages can be made obtainable to create new reasonably priced housing alternatives within the state. The Maryland Department of Housing and Community Development (DHCD) will administer the funds to provide greater than 6,000 further items statewide amid rising development prices and rates of interest.

“During our administration, we have provided financing and tax credits to create or preserve more than 22,000 affordable rental units across the state—a level of production never before seen in the State of Maryland,” mentioned Governor Larry Hogan. “To continue to build on these accomplishments, we are meeting the challenges created during the pandemic head on with a responsive set of tools to address shortfalls and create new housing opportunities.”

Source hyperlink

Leave a Reply

Your email address will not be published.