Maryland Awards $1B in Affordable Housing Financing
In FY 2026, Maryland awarded over $1 billion in affordable housing funds, underlining the need for more work to support project financing. For the 2026 fiscal year, the Maryland Department of Housing and Community Development awarded low-income housing tax credits and provided financing through state rental housing funds, the Multifamily Bond Program, and energy efficiency programs with an estimated value of more than $1 billion to create or preserve 3,025 affordable rental units. Funding was…