Key Methods to Secure Housing Relief in 2026

The Maryland Department of Real Estate and Community Advancement offers multifamily finance programs for the construction and rehabilitation of affordable rental real estate systems for low to moderate income households, senior residents and people with impairments. Our multifamily bond programs issues tax-exempt and taxable earnings mortgage bonds to finance the acquisition, conservation and creation of affordable multifamily rental housing units in priority financing locations.

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ProgramDescription The function of the Multi-Family Bond Program is to increase the building and rehabilitation of multi-family rental housing for families with restricted incomes. Tax-exempt and taxable bonds and notes supply below-market and market rate construction and long-term financing. Taxable bonds offer market rate construction and irreversible funding to take advantage of federal Low-Income Housing Tax Credits, and to fund projects and activities which are disqualified for tax-exempt bonds.

Awards are based upon the criteria laid out in the State's Allotment Plan. Projects funded with tax-exempt bonds might be eligible for Tax Credits beyond the competitive process. Project sponsors, or in the case of syndication, financiers declare the Tax Credit on their federal tax return. Rental Real Estate Fund The Department's Rental Housing Funds are composed of a variety of programs all of which aim to fix up or produce rental housing.

The function of Rental Housing Functions is to create jobs and strengthen the Maryland economy by providing space funding for the production and preservation of affordable rental housing financed through the Maryland Department of Housing and Neighborhood Advancement's Multifamily Bond Program and Low Income Real Estate Tax Credit Program. Projects financed through the Collaboration Rental Housing Program generally involve a partnership between State and regional federal governments. The function of the Group Home Program is to assist people, certified limited partnerships, and nonprofit companies to build or acquire or obtain and modify existing housing to serve as a group home or assisted living system for eligible persons and families with special real estate requirements or to refinance home loans on existing group homes.

Many state housing finance companies manage their own grant programs, frequently in partnership with local governments or nonprofits. State Housing Financing Agency Grants: Almost every state uses a central grant, such as Minnesota's Start Up program or Kentucky Real estate Corporation's Property buyer Tax Credit. Down Payment Assistance(DPA) Programs: Options like Colorado's CHFA or CalHFA in California offer grants or forgivable loans.