Maryland Department of Housing and Community Development and Office of the Attorney General Announce Upcoming Funding Application Round for Neighborhood Stabilization Activities
Funding made available through the Maryland Office of the Attorney General's National Mortgage Loan Servicing Practices Settlement.
Maryland Department of Housing and Community Development Secretary Raymond A. Skinner and Attorney General Douglas F. Gansler today announced the availability of $14 million for activities to stabilize neighborhoods impacted by foreclosure and the economic downturn. The funds, made available through the state’s Office of the Attorney General, are part of Maryland’s award from the National Mortgage Loan Servicing Practices Settlement. It will be administered through DHCD’s Neighborhood Conservation Initiative.
Requests for Proposals may be submitted by county governments, the City of Baltimore, public housing authorities and non-profit organizations. Applicants are encouraged to partner with each other, municipalities, for-profit developers and private sector organizations and businesses to maximize revitalization and stabilization efforts.
Eligible uses of this funding are:
1. Downpayment and closing cost assistance for income eligible homebuyers to acquire houses as their primary residence;
2. Acquisition and rehabilitation of houses for resale or rental to income eligible persons;
3. Acquisition and redevelopment of blighted or abandoned properties to be used for new housing or community facilities; and
4. Other innovative strategies that demonstrate significant funding leverage and potential to stabilize local neighborhood housing markets.
An informational workshop will be held on October 2nd beginning at 10:00 a.m. at DHCD’s headquarters located at 100 Community Place in Crownsville.
The Policies and Procedures and the Application will be available on October 3rd on the DHCD website www.mdhousing.org
For more information:
For questions about the RFP round, please contact Cindy Stone
or Anne Stringer
To register for the Oct. 2 workshop, please contact LaWanda Potter