Things in the Affordable Housing market in Maryland have been...challenging as of late. Certainly the need for affordable housing is growing. With foreclosures at an all time high and unemployment going through the roof, affordable housing is as important as ever.
The Baltimore Business Journal reported this week that Maryland DHCD was awarded $44 million in stimulus funds specifically to develop affordable housing projects. These funds will supplement the Low Income Housing Tax Credit dollars that were awarded earlier this year.
While the need still outweighs dollars, here's hoping that important community projects like the St. Stephen's Court Apartments, get started soon as a result of this award.
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