HAGERSTOWN, Md. (WDVM) — The Hogan administration announced funds for affordable rental housing. More than $44 million in state funds and federal tax credits have been awarded to 15 projects. This will preserve over 1,800 quality affordable rental units.
Officials say this is the largest number of units financed in the history of the program in Maryland. A focus for this year’s application was opportunity zones, to help economic development.
Awards were distributed between eight counties including Baltimore county. Local awards went to the Hagerstown housing authority, Montgomery housing partnership, the housing authority of the city of Frederick and more.
Officials say this year they received the largest number of applications in the history of the program.