$1.9 million in grants to Maryland for affordable housing

REAL ESTATE WATCH

August 11, 2002

Eight community partnerships in Maryland have received $1.9 million in grants to create affordable housing for 326 low- and moderate-income families throughout the state, the Federal Home Loan Bank of Atlanta has announced.

"This funding will help create new homeowners and rebuild under-served or distressed communities throughout the state," said Regina Buker, director of the HARBEL Housing Partnership in Baltimore. "For example, two partnerships in Baltimore will use nearly $400,000 in grants to assist in the development of single-family townhomes for low- to moderate-income families in the Sandtown-Winchester area."

The Sandtown initiatives are two of eight state housing developments to receive grants. The Sandtown developments will provide housing for 88 families.

Other winning partnerships are to develop or rehabilitate housing for low- to moderate-income homebuyers and renters in these cities:

Annapolis, $45,000; Snow Hill, $385,000; St. Michaels, $40,000; Capitol Heights, $430,760; Taneytown, $180,000; Prince Frederick, $460,000.

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