The current round for Maryland Affordable Housing Trust Grant Awards opened on July 1 and runs to August 31.
Funds are awarded as loans or grants based upon the financial structure needed to make the project viable. Although MAHT reserves the right to make its funding available as interest bearing loans, funding for project-specific capacity building, operating expenses, and support services are generally made as grants. Funding for pre-development costs is generally repayable upon the closing of permanent financing for a project. Funding for capital costs is offered as deferred-payment loans or recoverable grants payable if the project is sold and/or ceases to be used for low-income occupancy.
MAHT allocates up to 15% of its funds for capacity building and pre-development costs, with the balance allocated for capital costs and operating and supportive services. The maximum award amount is $75,000. The Board of Trustees determines whether funds are to be awarded as loans or grants based upon a financial analysis of the project.