Strategic Housing Grants for 2026

The Maryland Department of Real Estate and Neighborhood Development offers multifamily financing programs for the building and construction and rehabilitation of cost effective rental real estate units for low to moderate income households, elderly people and individuals with impairments. Our multifamily bond programs concerns tax-exempt and taxable profits mortgage bonds to fund the acquisition, preservation and production of cost effective multifamily rental housing systems in priority funding areas.

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ProgramDescription The purpose of the Multi-Family Bond Program is to increase the building and construction and rehabilitation of multi-family rental housing for families with restricted earnings. Tax-exempt and taxable bonds and notes offer below-market and market rate building and construction and irreversible financing. Taxable bonds offer market rate building and construction and permanent financing to leverage federal Low-Income Real estate Tax Credits, and to fund tasks and activities which are ineligible for tax-exempt bonds.

Awards are based on the criteria detailed in the State's Allocation Strategy. Projects financed with tax-exempt bonds may 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 income tax return. Rental Housing Fund The Department's Rental Housing Funds are composed of a variety of programs all of which aim to fix up or create rental housing.

The function of Rental Real estate Functions is to create jobs and strengthen the Maryland economy by providing gap funding for the creation and conservation of affordable rental real estate financed through the Maryland Department of Real Estate and Neighborhood Advancement's Multifamily Bond Program and Low Earnings Real Estate Tax Credit Program. Projects funded through the Partnership Rental Housing Program normally involve a collaboration between State and local governments. The function of the Group Home Program is to assist people, certified restricted partnerships, and not-for-profit organizations to build or obtain or get and customize existing housing to serve as a group home or assisted living system for qualified persons and homes with special housing requirements or to refinance home loans on existing group homes.

Numerous state housing financing firms handle their own grant programs, often in partnership with local governments or nonprofits. State Housing Finance Firm Grants: Nearly every state provides a main grant, such as Minnesota's Start Up program or Kentucky Housing Corporation's Property buyer Tax Credit. Down Payment Support(DPA) Programs: Options like Colorado's CHFA or CalHFA in California offer grants or forgivable loans.