Nonprofit Rehabilitation Program. Advice and technical support in fiscal matters is provided by the Division to the Department's senior program directors and managers. The Program provides below-market-rate or deferred payment loans to developers who agree to construct or rehabilitate rental housing for occupancy by low-income elderly households. At that time, the Office of Grants Management was renamed the Bureau of Grants Management and transferred to the Family Investment Administration. 4-215). A partnership between the Department of Housing and Community Development, local governments, and Maryland's business community, the Program provides a cash incentive for employees to buy homes near their place of work in neighborhoods designated for revitalization (Code Housing & Community Development Article, sec. HOUSING DEVELOPMENT Renamed the Division of Housing Credit Assurance in 1990 (Chapter 321, Acts of 1990), it received its present name in 1996. Maryland Executive Commissions, Committees, Task Forces, & Advisory Boards Rental Allowance Program. HOME OWNERSHIP As the Office of Data Processing under the Division of Finance and Administration, the Division of Information Technology originated in 1985. Munich Re Life US - Munich American Reassurance Company, Inc. Munich Re Underwriting Agents (DIFC) Ltd. Munich Re US - Munich Reinsurance America, Inc, Munich Reinsurance Company of Africa Limited (MRoA), Munich Reinsurance Company of Australasia, Munich Holdings of Australasia Pty Limited (MHA), The Princeton Excess and Surplus Lines Insurance Company (PESLIC). Small municipalities, counties, and regional governmental organizations form a consortium to sponsor a circuit and hire a professional administrator who serves, on a part-time basis, several towns in the same area and provides expertise in public administration, financial management, planning, and community development. 4-101 through 4-103). The Program finances construction, acquisition, and rehabilitation of rental housing, owner-occupied housing, and special needs housing, such as group homes. Projects must have approval from the local government entity. In April 2015, the Program was reformed as Business Lending within the Division of Development Finance under Multifamily and Business Lending Programs. Get Approved See how much you're approved for, then shop for homes or move forward with your refinance. Mortgage insurance premiums are comparable to those charged by private mortgage insurers. The Initiative assists community development organizations with approved strategic neighborhood revitalization plans for projects located in Sustainable Communities in Baltimore City and the inner beltway area of Baltimore County and Anne Arundel County. Renamed Office of Information Systems in 1994, the Office reorganized as the Division of Information Technology and Portfolio Management in 1996, and under its present name in 1998. 7800 Harkins Road, Lanham, MD 20706 The Governor designated this program to allocate tax credits in Maryland under the federal Tax Reform Act of 1986 and Revenue Reconciliation Act of 1989. The Community Development Administration, the Maryland Housing Fund, and the Office of the Chief Financial Officer of the Department transferred to the Division in 1994. Maryland Universities & Colleges Multfamily and Business Lending Programs began as Community Development, reformed as Multifamily Housing Programs, and restructured under its present name in April 2015. The Program funds nonprofit organizations (Internal Revenue Code, sec. By insuring mortgage loans and employing other credit enhancements, the Fund assists State citizens of low and moderate income to secure housing. This program supports 501(c)(3) nonprofit organizations through allocations of State tax credits for use as incentives that encourage individuals and businesses to donate money, goods, or real property to support operational and programmatic costs associated with specific approved projects delivering services to communities across Maryland. Services to end hunger and homelessness in Maryland in 1997 became the responsibility of the Office of Transitional Services, under the Department's Community Services Administration. ASSET MANAGEMENT Shortly after that move, the Bureau was renamed Homeless Initiatives. Department of Housing and Community Affairs. Primary insurance coverage on mortgages of up to 100 percent loan-to-value ratios is offered by this program on terms provided by major financial institutions. Both newly constructed and existing homes are eligible under the Maryland Mortgage Program. Loans and grants through the Lead Hazard Reduction Loan and Grant Program finance hazard reduction in residential buildings and buildings that provide services to children. Both the acquisition cost and income limits are set by the Administration within federal tax law guidelines. The Program is administered through grants to local governments for monthly payments to eligible households. Maryland Town Manager Circuit Rider Grant. The Program was implemented when mortgage funds available through private lending institutions dwindled and mortgage rates rose. Both newly constructed and existing homes are eligible under the Maryland Mortgage Program. OFFICE OF COMMUNITY DEVELOPMENT PROGRAMS The Fund assists local governments and nonprofit community development organizations with revitalization and redevelopment by supporting: demolition of derelict structures; site acquisition and assembly to create redevelopment-sized parcels for solicitation or planned development; site development; and construction-level architectural and engineering designs. Coordinating statewide efforts to reduce the number of homeless persons in Maryland, Homeless Initiatives administers grants to homeless services providers. Please select your account type to login. This program was created by the Legislature in 1984. Only in combination with permanent mortgage financing are construction loans insured. Mortgage loans finance or refinance acquisition, construction, or rehabilitation of shared living or related facilities for those with special needs. Further, the Division designs, develops, implements, and maintains necessary databases and applications, trains staff users, and provides technical support. BUSINESS LENDING The insurance is governed by the Regular Mortgage Insurance Program regulations, with modifications. Elderly Rental Housing Program. The Program is funded with general funds and repayments of principal and interest on outstanding loans (Code Housing & Community Development Article, secs. HOMELESS INITIATIVES The Division of Development Finance began in 1987 as the Division of Housing Finance (Chapter 311, Acts of 1987). Within the Division of Neighborhood Revitalization, the Office of Community Access and Partnership first organized in 2003 as the Office of Regional Assistance. COMMUNITY LEGACY PROGRAM COMMUNITY FOOD & NUTRITION PROGRAM The office has helped increase reserve funds through loan and mortgage insurance initiatives. Financing solutions to provide affordable housing options in every market, every day. 4-1501 through 4-1511). This program was created by the Legislature in 1984. The Maryland Department of Housing and Community Development offers multifamily finance programs for the construction and rehabilitation of affordable rental housing units for low to moderate income families, senior citizens and individuals with disabilities. The database also provides a means of monitoring performance trends of the portfolio as a whole. lending employees to provide financial The Division provides technical assistance, as well as grants and loans, to local governments, small developers, and nonprofit organizations. 1. The Program was designated by the Governor to allocate funds from the HOME Investment Partnership Program established by the federal National Affordable Housing Act of 1990 (Title II). Partnership Rental Housing Program. Projects must be located in one of Maryland's designated Sustainable Communities. Bond Finance reports information about the financial strength of the Community Development Administration and its debt and bond programs to the Department, investment bankers, bond holders, and rating agencies. SINGLE-FAMILY HOUSING & ENERGY PROGRAMS These include the BeSMART Home Loan Program, the EmPOWER Maryland Low-Income Energy Efficiency Program, the Enhanced Weatherization Program, and the Weatherization Assistance Program. It reformed as the Office of Programs and Regional Development in 2006, and the Office of Community Programs in 2008. Further, the Division designs, develops, implements, and maintains necessary databases and applications, trains staff users, and provides technical support. Strategic Demolition Fund. Multfamily and Business Lending Programs began as Community Development, reformed as Multifamily Housing Programs, and restructured under its present name in April 2015. Created in 1991, the Program complements the Group Home Financing Program and is funded by tax-exempt revenue bonds. Eleven voting members are appointed to four-year terms by the Governor with Senate advice and consent. Grants are awarded for administration and programs to local agencies that serve the poor. Both newly constructed and existing homes are eligible under the Maryland Mortgage Program. Before you can apply to any Group Home Business, its important to have a business plan ready. This program preserves owner-occupied one- to four-unit dwellings by making low-interest loans for repair and renovation. The Division is responsible for the Maryland Housing Fund and asset management for the multi-family loan portfolio of the Department (Code Housing & Community Development Article, secs. The aggregate amount payable under this coverage is an agreed percentage (usually 5 to 10 percent) of the initial principal amount of mortgages financed through a revenue bond series. The Grant enhances the management capacity of small town governments by providing grants which allow them to hire public management professionals. Maryland Executive Commissions, Committees, Task Forces, & Advisory Boards The housing and lease must adhere to federal standards. 10-608 through 10-611). Weatherization Assistance Program. The Office of Community Access and Partnership is responsible for the Community Investment Tax Credit, the Endow Maryland Tax Credit, Keep Maryland Beautiful, Main Street Maryland, and certain operating assistance grants. Renamed the Division of Housing Credit Assurance in 1990 (Chapter 321, Acts of 1990), it received its present name in 1996. For housing rehabilitation, commercial revitalization, economic development, infrastructure improvements, and public services, the Program provides grants to rural local governments. Begun by the General Assembly in 1988, the Program provides low interest loans for settlement expenses to eligible low- and moderate-income home buyers who do not have sufficient resources to purchase an affordable home (Code Housing & Community Development Article, secs. This program offers innovative financing to improve home energy efficiency, save the homeowner money, increase the safety and comfort of the home, and add value to the home. Search the Manual The Maryland Housing Fund provides pool insurance for revenue bonds issued by the Community Development Administration and other housing agencies. SINGLE-FAMILY HOUSING PROGRAMS Maryland Counties These include the BeSMART Home Loan Program, the EmPOWER Maryland Low-Income Energy Efficiency Program, the Enhanced Weatherization Program, and the Weatherization Assistance Program. The Office of Revitalization Resources is responsible for the Baltimore Regional Neighborhood Initiative; Community Legacy; Interagency Coordination; Maryland Storefront Improvement Program; Project Creating Opportunities for Renewal and Enterprise; Strategic Demolition Fund; and Sustainable Communities. 13-310). Seven offices are overseen by the Division: Accounting, Budget, Financial Analysis, Fund Accounting, Procurement, State-Funded Loan Program, and Systems Analysis and Reporting. Pool Insurance Program. By joining these private funds with federal funds, more low-income households can be served. The Program is administered through grants to local governments for monthly payments to eligible households. Home owners also may receive loans to modify housing as sheltered housing for up to fifteen senior citizens or persons with disabilities who meet income-eligibility requirements. Federal law designates certain low-income areas as target areas for which 20 percent of the funds from bond issues must be set aside. Strategic Demolition Fund. The Legislature created this program in 1986 to stimulate production of rental housing for lower-income households. Permanent Loans insure permanent mortgages to nonprofit and qualified private developers of new or rehabilitated housing.
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