The Fairfax County Department of Housing and Community Development will host an Affordable Housing Developer Dialog on Friday September 6th from 1:30 to 3:30 pm. Click here for more information.
The Arlington Partnership for Affordable Housing (APAH) today announced the opening of the Arlington Mill Residences leasing office and the process for submitting a wait-list application.
Please click here for the news release and wait-list application.
The Center for Regional Analysis (CRA) has published a Census update that shows the concentration of Baby Boomer homeowners in the Washington metro area. They will have a profound impact on the region’s housing market, so it is critical to know if they will choose to move elsewhere or age in place. Click here for the report.
From Maryland Housing Quarterly:
First Home Mortgage Corp. was honored as the Maryland Mortgage Program’s Most Productive Lender in 2012 – and the lender with the greatest number of Maryland Homefront loans – at DHCD’s annual Top Lender Breakfast on Feb. 13.
DHCD works with an ever-expanding network of local and national lenders to provide a diverse range of quality fixed-rate mortgage loan options with low interest rates and generous downpayment assistance through the Maryland Mortgage Program.
Each year, DHCD recognizes members of the Maryland Mortgage Program’s lender network for outstanding performance at its Top Lender Breakfast. The February get-together also gives lenders an opportunity to learn about new Maryland Mortgage Program products and kicks-off the upcoming lending season.
Other 2012 Top Lenders include:
From Maryland Housing Quarterly: A Message from Secretary Raymond Skinner, Maryland Department of Housing & Community Development
The Wall Street Journal reported recently that first-time homebuyers, a critical component of the housing market, are in danger of getting left behind in the current real estate recovery.
More and more families have the income, but not the savings to afford the downpayment for a new home, the Journal reported. Lenders have gotten more restrictive extending credit. And although low prices and low interest rates make now a great time to buy, first-time homebuyers frequently find that they are unable to compete with investors, who have the cash in-hand to snap up the best deals.
Yet, as the Journal story noted, first-time homebuyers are “the foundation of the real estate market and are major contributors to their local economies, often buying up older homes, revitalizing communities and spending money on furniture and renovations.”
This is why programs such as the Maryland Mortgage Program are critical to a broad-based and sustainable economic recovery. Our competitive interest rates and our generous downpayment assistance help make homeownership more accessible and affordable to those hardworking families who are so important to our economy.
Our goal is to make Maryland’s flagship homeownership program even better.
Under the leadership of Governor Martin O’Malley and Lt. Governor Anthony Brown we adopted a mortgage-backed securities platform to ensure a steady flow of resources for our programs and services. We are steadily expanding our network of lenders who offer Maryland Mortgage Program products; as well as the number of employers participating in our Partner Match program. And in recent months, we launched new products to serve a broader range of families, including our Targeted Areas initiative, our Maryland Homefront Program and the 97 % Loan-to-Value Conventional Refinance Program.
In fiscal year 2012, we reserved Maryland Mortgage Program loans to 1,819 families for more than $315 million. We are surpassing that performance this year.
Our message to homebuyers is that now is a great time to buy!
Our message to lenders and realtors is that now is a great time to partner with the Maryland Mortgage Program!
Working together we can help build strong families, strong communities and a strong Maryland economy through homeownership.
Nixon Peabody invites you to attend “Lunch & Learn – Social Media – A Strategy Session for Nonprofits”
Date
Friday, August 23, 2013
Time
Noon Registration and lunch
12:30–1:30 p.m. Program
Location
Nixon Peabody LLP
401 9th Street NW
9th Floor
Washington, DC 20004
RSVP
Kindly respond by Wednesday, August 21.
Contact
For more information, please contact Christina Mitchell at 202-585-8175 or cmitchell@nixonpeabody.com.
NHT recently moved to new LEED office space and would like YOU to join them. If you or someone you know are interested in leasing new space in Georgetown, please click here to learn more.
The U.S. Department of Housing and Urban Development has approved the first stage of Maryland’s plan to help Somerset County residents recover from the effects of Superstorm Sandy. Learn more.
The first phase includes $3 million to help low- and moderate-income owner-occupants rehabilitate or replace their homes and $1 million to assist small businesses that have unmet recovery needs. The state’s full plan for allocating funds from HUD’s Community Development Block Grant Disaster Recovery plan, when approved, will total $8.6 million.
“Maryland is very pleased that HUD has approved our Action Plan to assist those households and businesses impacted by Superstorm Sandy which hit the City of Crisfield especially hard,” Governor O’Malley said. ”We have been working very closely with local officials and residents in Somerset to ensure that these critical funds will be expended quickly to benefit those who need it most.”
Nearly 1,000 homes in the county were damaged and many households were temporarily displaced last fall when Hurricane Sandy swept through the area on its rampage up the Mid-Atlantic coast.
DHCD rental assistance helped nearly 200 families move to temporary housing in the months immediately following the storm and the agency began working closely with local officials to determine how best to use funding through the Community Development Block Grant Disaster Recovery program. In general, those funds are intended for the restoration of housing as well as economic revitalization in disaster-impacted areas. The funds are to meet recovery needs that are not otherwise covered by other federal assistance, private insurance, or other sources.
Jane C. W. Vincent, a HUD regional director, said today’s approval allows the state to begin the long-term process of rebuilding damaged housing and restoring damaged public facilities and infrastructure.
To read DHCD’s disaster recovery plan, click here.
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