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On Friday, Mayor Bowser will join District leaders to celebrate a promise fulfilled: the unprecedented expenditure of $100 million from the Housing Production Trust Fund. The $100 million investment is supporting 19 projects that will create or preserve more than 1,200 affordable housing units. Since coming into office, Mayor Bowser has committed $100 million annually to the fund – more than any city per capita in the country.
The astounding response to the initial request for applications for the Maryland Department of Housing and Community Development’s Project C.O.R.E. initiative is a positive sign for the program’s future. Project C.O.R.E. (Creating Opportunities for Renewal and Enterprise) targets investment in Baltimore City neighborhoods that have been hardest hit by blight and disinvestment
For the Maryland Department of Housing and Community Development’s multifamily programs, the 2016 fiscal year was the most productive. These programs provide low income housing credits, gap funding for affordable housing projects, and grant funding for shelters and transitional housing facilities