Baltimore – The production of affordable rental housing is an economic development and job creation engine for the state, Secretary Holt said during the grand opening Thursday of Benet House Senior Apartments in southwest Baltimore.
The Hogan-Rutherford administration has made turning around Maryland’s economy its top priority and the revitalization of the state’s housing market is a significant component, Holt said.
Sponsored by Bon Secours Baltimore Health System, the Benet House project involved the preservation and renovation of 76 one-bedroom units and 25 efficiencies of quality affordable rental housing for low income seniors and non-elderly disabled persons in Baltimore City. Benet House opened in 1991, following the renovation and adaptive reuse of a former Baltimore City public school building and construction of a new residential wing.Read More »
Crownsville, MD – The National Foreclosure Mitigation Counseling program has announced grant awards totaling more than $44.8 million, including $747,000 for foreclosure prevention counseling in Maryland.
More than 1,100 nonprofit counseling agencies and local NeighborWorks organizations across the country are expected to be engaged in the NFMC Program as a result of this, the ninth round of funding awards.
To date, more than 1.89 million families in all 50 states, including the District of Columbia and the U.S. Territories have received foreclosure counseling through the NFMC program since it began in 2007. An additional 129,600 families facing the threat of foreclosure will be directly assisted with these awards. Many more will be helped by the training of foreclosure counselors, provided through the NFMC program. NeighborWorks expects to train 1,600 counselors with the ninth round of NFMC funding.Read More »
Crownsville, MD – Kenneth C. Holt, Jr., the former Baltimore County delegate who spent 25 years as an investment executive, was sworn in today as Secretary of the Maryland Department of Housing and Community Development. Governor Larry Hogan administered the oath of office in State House ceremony.
“I am pleased that Governor Hogan asked me to serve as secretary of an agency that plays such an important role in the economic health of our state and the well-being of its citizens,” said Holt. “This agency is something of an economic wheel horse, providing tremendous benefit to the State of Maryland. Through our mortgage lending program, affordable rental housing financing and neighborhood revitalization programs, we provide very worthwhile assistance to a large part of the population.”Read More »
Baltimore – The city celebrated an important achievement on the evening of March 3, by lighting up the marquee of the Centre Theatre, the newest rehabilitated building in Baltimore’s Station North Arts and Entertainment District.
The blue neon of the letters on the distinctive facade instantly illuminated an otherwise dark corridor, acting as a symbolic beacon of the kind of development momentum currently re-energizing the district.
The $18 million project will be “a center for arts and innovation in the Station North Arts and Entertainment District,” according to developer Jubilee Baltimore’s website. The project converts a 67,000 square foot building that has been vacant for more than 20 years into restaurant space, film centers for Johns Hopkins University and Maryland Institute College of Art programs, the Baltimore Jewelry Center, and the Center for Neighborhoods, a nonprofit hub of community development-focused nonprofits including Central Baltimore Partnership, Neighborhood Housing Services of Baltimore and Jubilee Baltimore.Read More »
Washington – Maryland has won a second national competitive grant from the U.S. Department of Housing and Urban Development to provide rental assistance for persons with disabilities.
HUD is awarding $150 million to 25 state housing agencies, including more than $9.8 million in Maryland.
The resources will help the state provide permanent affordable rental housing and needed supportive services to 150 households with extremely low-income persons with disabilities, many of whom hoping to transition out of institutional settings back to the community.
HUD’s support of state housing agencies is made possible through the Section 811 Project Rental Assistance program which enables persons with disabilities who earn less than 30 percent of their area’s median income to live in integrated, affordable housing. Maryland is working in partnership with the Maryland Department of Disabilities and the Maryland Department of Health and Mental Hygiene to identify and support persons with disabilities who require community-based, long-term care services to live independently.
This second national competitive grant builds upon $11.2 million that Maryland received in 2013 through HUD’s Section 811 Project Rental Assistance Demonstration Program. Those resources provided five years of rental assistance for 150 units in the Washington and Baltimore regions.
Annapolis, MD – Expanding down payment assistance is one way that Maryland can help members of the millennial generation move out of their parents’ basements and into homeownership and it can help minority families move from the rental market into the housing market.
Both demographics are important to the state’s recovering economy, according to a new report.
The study by Neighborhood Stabilization and Homeownership Workgroup looked at the challenges facing Maryland’s recovering housing market. Click here to see the workgroup’s final report to House Speaker Michael Busch, delivered Jan. 20.Read More »
Annapolis, MD – Maryland’s new housing policy will reflect the Hogan-Rutherford administration’s focus on balancing the budget, but not at the expense of DHCD’s mission to help people, said Secretary-designate Kenneth C. Holt.
“The governor and I are both Baby Boomers and what we bring is a sensitivity to the needs of others,” Holt said on Feb. 12 during Maryland Housing Day. “What you will see is how creative we can be; how focused we can be; how helping we can be.”
Maryland Housing Day is an annual event sponsored by the Maryland Affordable Housing Coalition to remind lawmakers of the importance of affordable housing – not only to the working families, senior citizens and special needs persons, but to the state’s economy.Read More »