Creating Homeowners, Preserving Neighborhoods in Maryland

Secretary Skinner Tells MEDA Conference Housing Programs Have Had $7 Billion Economic Impact on Maryland Since 2007

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JUNE 7

Cambridge, MD – Restoring the health of the housing industry is a crucial first step in putting America – and Maryland – back to work, Secretary Skinner said June 6 during the annual conference of the Maryland Economic Development Association. Secretary Skinner joined other members of Governor Martin O’Malley’s cabinet on a luncheon panel examining the economic impact of the O’Malley-Brown administration’s policies.

Since 2007, DHCD has invested more than $5 billion in Maryland’s economy through its affordable housing and community development programs, producing over $7 billion in overall economic impact, supporting 54,000 full-time equivalent jobs and helping generate $135 million in state retail sales taxes.

Visit DHCD’s website at MDHousing.org to learn more about how the agency’s single housing, multifamily and neighborhood revitalization programs are putting housing to work to stimulate the state’s economy, create jobs and expand affordable housing opportunities for Maryland’s hardworking families.

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