Community Development - Affordable Multifamily Rental Housing Stabilization Program - Establishment

Summary

The bill establishes the Affordable Multifamily Rental Housing Stabilization Program within Maryland’s Department of Housing and Community Development. It provides low‑ or no‑interest loans or grants to owners of qualifying low‑income multifamily properties that lack sufficient operating or reserve funds for urgent repairs. The program aims to keep affordable housing safe and reduce operating costs for residents.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share