The Michael Group wants to congratulate the Maryland Affordable Housing Coalition on it’s great work this past legislative season. Two important housing initiatives were passed as the end of this year’s Legislative Session.
First, the Maryland Affordable Housing Trust was fully funded at the $2,000,000 requested by the Maryland Affordable Housing Coalition and it’s supporters. MAHT funding will help generate more affordable housing opportunities state-wide, put Marylanders back to work and further propels the Coalition’s goal of creating and preserving more affordable housing in Maryland.
The second was the passing of the Sustainable Communities Act of 2010. This Act will provide $10 million for the Sustainable Communities Tax Credit. It replaces the former Maryland Heritage Structure Rehabilitation Tax Credit. Its primary objective is to support existing communities as desirable places to live and do business and to reduce outward pressure for sprawl development.
The Michael Group is proud to be a member of the Maryland Affordable Housing Coalition. If you are committed to Affordable Housing and are not yet a member of MAHC, please consider joining. Your participation will make a difference. For more information about joining MAHC, check out their website.
Baltimore Sun photo by Barbara Haddock Taylor / April 12, 2010): Governor Martin O'Malley, left, watches from the House of Delegates gallery as one of his legislative initiatives, House Bill 472, is declared passed. Kimberly Fry, Executive Director of Maryland Affordable Housing Coalition, is in center. The bill deals with residential property foreclosure procedures. Kurt Sommer of the Maryland Department of Housing and Community Development is on right.
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