Notice of Funding Availability

July 1, 2022 through June 30, 2023:

DHCD plans to publish a Notice of Funding Availability (NOFA) in the month of December 2022.  Under the NOFA, the following requests will be considered to support the acquisition/rehabilitation or new construction of affordable multifamily rental housing:

  • HOME Investment Partnerships Program (HOME) or County Housing Investment Trust Fund (HITF) loans in an amount up to $2,000,000 per project in conjunction with the anticipated Spring 2023 State of Maryland Competitive Funding Round for projects seeking Low Income Housing Tax Credits (LIHTC) and other State funding sources.
  • DHCD will prioritize projects seeking 9% LIHTC but will consider making awards to projects seeking 4% LIHTC based on funding        priorities and available resources.
  • Payment in lieu of Taxes (PILOTs) requests will be reviewed on a project-by-project basis based on financial viability
  •  DHCD will determine the appropriate source of County funding for each project based on a variety of factors, including resource     availability and policy priorities.

 DHCD will consider applications outside of the NOFA timeframe for priority, time-sensitive projects that have secured necessary financing and are in a position to progress towards closing.  To be considered, please request a pre-application meeting with DHCD to discuss the project details, available resources, application process, legislative requirements, and schedule.  Submit your meeting request to Pamela Wilson, Housing Development Program Manager, at pawilson@co.pg.md.us 

2022 HOME HITF PILOT NOFA

PILOT Tax Analysis - FY 2023