Maryland Affordable Housing Trust Grant
Maryland Department of Housing and Community Development
Funding Amount
Up to US $75,000
Deadline
Rolling / Open
Grant Type
Foundation
Overview
The Maryland Affordable Housing Trust, established in 1992, aims to enhance affordable housing availability across Maryland. Governed by a Board of Trustees, it utilizes interest from title company escrow to fund various initiatives. The Trust primarily supports households earning below 50% of the area or statewide median income by financing rental and ownership housing, assisting nonprofit developers, funding supportive services, and covering operational costs of housing developments.
The Maryland General Assembly created the Maryland Affordable Housing Trust in 1992 to make affordable housing more available throughout the State of Maryland. The Trust is governed by a Board of Trustees and staffed by the Maryland Department of Housing and Community Development. A portion of the interest generated by title company escrow provides the funding for the Maryland Affordable Housing Trust.
Program Goals and Objectives
MAHT generally uses its funds to provide housing for households earning less than 50% of area:or Statewide median income, whichever is higher, by:
funding capital costs of rental and ownership housing;providing financial assistance for nonprofit-developer capacity building;funding supportive services for occupants of affordable housing; andfunding operating expenses of housing developments.
Focus Areas & Funding Uses
Fields of Work
- Nonprofits
- Affordable housing
- Housing
Categories
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