Crownsville, MD – It just got easier for homebuyers in Baltimore City to get a home loan through the Maryland Mortgage Program, the state’s flagship homeownership program.
As of Nov. 18, “move-up” homebuyers (individuals that currently own a home, or have done so within the past three years) who are seeking to purchase in the city, and who are receiving funds from a Baltimore City program, will only need to complete their homebuyer education requirement before closing rather than prior to signing a contract.
This improvement will provide greater flexibility to lender partners who offer Maryland Mortgage Program loans in Baltimore, and ensure that move-up buyers are able to take advantage of fast-moving opportunities to sign a contract on a new home.
For more information on the Maryland Mortgage Program, go to www.mmprogram.org.
Princess Anne, MD – Renovations have begun on the Washington Hotel, the 18th century inn that officials hope will become the centerpiece of the Eastern Shore town’s renaissance as a historical and cultural tourist destination.
The renovations were made possible through a $500,000 Community Development Block Grant program and $156,162 through the Community Legacy program.
The Community Development Block Grant program helps strengthen Maryland’s communities by expanding affordable housing opportunities, creating jobs, stabilizing neighborhoods and improving the overall quality of life.
Community Legacy provides local governments and community development organizations with funding for essential projects aimed at strengthening communities through activities such as business retention and attraction, and commercial revitalization.
The $1.5 million project is a public/private partnership involving Innspiration, local investors, the Town of Princess Anne, DHCD and federal agencies. It received invaluable support from the Main Street Partnership and the Somerset County Economic Development Commission.
Crownsville, MD - As Maryland shoppers get ready to celebrate the holiday season, Governor O’Malley is encouraging them to choose the state’s many local small businesses and unique downtown communities as shopping destinations.
“Successful small businesses are the foundation for growing a strong economy in Maryland,” the governor said “We encourage all shoppers to buy local on Small Business Saturday and throughout the year.”
Sandwiched between Black Friday and Cyber Monday, Small Business Saturday on Nov. 30 encourages holiday shoppers to patronize area brick and mortar businesses. The day gives locally owned mom and pop shops throughout the state to showcase what they have to offer and how they can compete with online shopping and the big box stores. For consumers, the day is also a chance to be more informed about what their own communities have to offer.
As part of Main Street Maryland’s promotional efforts to encourage buying local, 135 small businesses located in the state’s 26 designated Main Street communities are offering special discounts and deals starting on Nov. 30.
Participating businesses (listed at MainStreetMaryland.com) are giving shoppers special discounts and offers when they shop with them on Small Business Saturday, beginning Nov. 30 through Jan. 1, 2014, simply by bringing this year’s Holiday Shopping Coupon. Those coupons can be printed or downloaded at Facebook.com/MainStreetMaryland.
Situated along Route 1, North Laurel is the oldest community in Howard County. However, the community also has the lowest income in the County – something County officials hope to change with targeted, smart growth revitalization. One of their first steps? Applying to receive a Sustainable Community designation.
DHCD Secretary Raymond Skinner toured the proposed North Laurel-Savage Sustainable Community to learn about Howard County’s vision for the area in the hours before the start of Governor Martin O’Malley’s “Better Choices, Better Results” Sustainability Forum. Joined by Maryland Planning Secretary Richard Hall and staff from both state agencies, County officials highlighted key aspects of their plan. With assets like North Laurel’s proximity to Fort Meade, MARC train access, and the historical area of Savage, they believe the community is primed for reinvestment and sustainable growth. Continue reading
Maryland homeowners and renters in southern Maryland who may be at risk of foreclosure will be able to get valuable information and access helpful resources at the “Mortgage Late? Don’t Wait!” Foreclosure Prevention Workshop on November 9 in La Plata. Loan servicers, non-profit pro bono attorneys and housing counseling agencies will be on hand to assist consumers and meet with homeowners to work on possible solutions to help them stay in their home.
The workshop is jointly sponsored by the Maryland Department of Housing and Community Development and Charles County government and is free and open to the public. Pre-register by visiting:
“Mortgage Late? Don’t Wait!” Foreclosure Prevention Workshop
Saturday, November 9, 2013 from 9:00 AM – 2:00 PM
College of Southern Maryland
8730 Mitchell Road
La Plata, MD 20646
Cumberland, Md., one of the first Main Street Maryland communities
CROWNSVILLE, MD – Cities and towns throughout the state may now apply year-round for the downtown revitalization opportunities available through the nationally recognized Main Street Maryland program.
Secretary Skinner announced that the department’s Main Street Maryland program will now accept applications from cities and towns on a rolling basis throughout the year. Previously applications for designation as a Main Street Maryland community were accepted every two to three years.
Created in 1998, Main Street Maryland is a comprehensive downtown revitalization program that is recognized nationally as a model for Smart Growth. The program strengthens the economic potential of Maryland’s traditional main streets and neighborhoods. Using a competitive process, Main Street Maryland selects communities which have made a commitment to revitalization, and helps them increase private-sector small business investment, and improve the appearance and image of their core business districts. Through the program, DHCD has designated 26 communities in 17 counties, resulting in the opening of 1,663 new businesses and the creation of 6,666 new jobs. Continue reading
Crownsville, MD – Two new firms have agreed to join the 277 businesses that participate in one of the Maryland Mortgage Program’s partner match programs, the state’s innovative initiative to help Maryland’s work force become homeowners through downpayment assistance.
Through Partner Match programs such as House Keys 4 Employees, DHCD provides a dollar-for-dollar match of up to $2,500 to a participating partner’s financial contribution for downpayment and closing cost assistance.
Enhanced IP Solutions, Inc. of Eldersburg, Md., has joined the House Keys 4 Employees program.
Real Estate General Ltd. of Elks Landing has joined the Builder/Developer Incentive Program. Continue reading