The Maryland Department of Housing and Community Development (DHCD) received 41 applications requesting $32.5 million of Rental Housing Funds (RHF) and $56.5 million of federal Low Income Housing Tax Credits (LIHTC) in the Fall 2016 Competitive Funding Round. Additionally, two applications include requests for a total of $3 million in Partnership Rental Housing Program funds (PRHP). The applications propose to create or rehabilitate 2,931 family, 145 senior and 453 special needs units in 15 counties and Baltimore City. Thirty four of the projects are new construction and seven are acquisition/rehabilitation projects. A complete application listing may be found here.
DHCD is in the process of reviewing the applications, and will likely award about $14 million in LIHTCs and $14 million in Rental Housing funds (State and HOME funds) in this Round. The Department expects to make funding announcements in the first quarter of 2017.