January 2016 E-Newsletter

Upcoming Events

2016 Annual Sponsors

Thank you to our Sponsors!





AGM Financial Services
Ballard Spahr

Bozzuto Construction

Capital One
CBP Constructors
Conifer Realty
Maryland DHCD
Gallagher, Evelius & Jones
Howard County Housing
Klein Hornig
Landex Corporation
Osprey Property Company
Pennrose Properties
PNC Bank
Quantum RE Management
Shelter Development
Southway Builders
SunTrust Bank


Baltimore Housing

Boston Capital

CHAI, Inc.

CL McCoy Framing

Conifer LeChase Construction

Delaware Valley Development Corp.

Green Street Housing

Grimm & Parker

Habitat America

Housing Trust of America

Hudson Housing Capital

Humphrey Management

Ingerman Management

Marks Thomas Architects

Natnl Fdn for Affordable Housing Solutions

Novogradac & Company



R4 Capital

Raymond James

Real Property Research Group

Red Stone Equity Partners

Stavrou Companies

Victory Housing

Wells Fargo

Woori America Bank



AHC of Greater Baltimore

ARC of the Central Chesapeake Region

Episcopal Housing

HOC of Montgomery County

Interfaith Housing Alliance


Mission First Housing

Volunteers of America

2016 Board of Directors

Chickie Grayson, President

Ivy Carter, Vice President

Jonette Hahn, Treasurer

Kathleen Koch, Secretary

Eric Brown

Ed Delany

Jim French

Kim Fry

Phil Gibbs

Jeff Hettleman

Trudy McFall, Ex Officio

Michael Pitchford

Dave Raderman, Of Counsel

Peter Siegel

Corine Sheridan

Andrew Vincent

Jessica Zuniga

MAHC Staff

Miranda Darden-Willems
Executive Director

Join Us For Housing Day!

The Governor's Budget only includes $10 Million for RHW, far short of our $25 Million goal.  We need your help as we work to increase funds for this important financing tool.

February 18, 2016

House Office Building

Rooms 170 & 180

Annapolis, Maryland

8:00 am - 9:00 am   Breakfast & Networking
9:00 am - 11:00 am   Program
11:00 am   Legislative Visits Begin


President's Perspective

Dear MAHC Members and Friends,

Happy New Year and congratulations to everyone who was awarded Tax Credits in the latest round.  It looks like 2016 is already shaping up to be a busy year.  With Housing Day just a month away, I urge you to join us in Annapolis on February 18, 2016 to show our legislators how many people care about affordable housing and how important it is to the Maryland economy.  The Capital Budget is out, and we have our work cut out for us - the Governor's budget only provides $10 Million for Rental Housing Works and our goal is $25 Million.  We need you to help us make the case for additional funds.  Please register to attend Housing Day and bring your staff, consultants and residents so that we can fill up the room.  I hope to see you there on February 18th!                                                                                                                                                   

~Chickie Grayson 

It's Time To Renew Your Membership

You should have received several membership renewal notices by now, thanks to our new membership management system that was implemented recently to track and manage all of our membership information.  Thanks to everyone who has already paid your 2016 membership dues, we appreciate your ongoing support.  Those who haven't yet paid, its not too late.  You can renew your membership on our website at any time.  After the 30 day grace period, only paid members will be allowed to registered for "members only" events such as our Spring Mixer and our monthly Brown Bag Lunch events.  We hope you see the value of your membership and will renew your membership or join MAHC today!

The Brown Bag Lunch Series Continues

The 2016 Legislative Session is just getting underway, and the Governor is set to release his budget this week, so this month we'll be talking about the State Budget Outlook at our Brown Bag Lunch session.  Join us on January 27, 2016 from 12:00 to 1:30 pm at the Enterprise Office in Columbia to hear from Ben Orr, Executive Director of the Maryland Center for Economic Policy, about the State's budget outlook for next year followed by an update and discussion of the Governor's Budget, MAHC's budget priorities for 2016 and any proposed legislation that might impact our industry.  Go HERE to register to attend.

MAHC Camera: Holiday Mixer

Thanks to everyone who attended our Holiday Party - a great time was had by all!

What's Going on at Maryland DHCD

  • DHCD recently announced the winners of the 2015 Fall Tax Credit Round - congrats to everyone who was awarded funding!  Read the full list of applications and funds awarded HERE

  • DHCD's most recent Notice on the QAP and Guide Revision Process for 2016 was released on December 22, 2015.  They provided results from their survey and the Community Cafe meetings during their regional meetings in December and plan to issue a draft document later this month.  Questions about the QAP revision process, or suggested regional meeting locations, can be sent to dhcd.qap@maryland.gov.  To view the full notice about the update go HERE.

  • Are you on DHCD's email list?  They have a new software system for email distribution so if you don't receive their notices in your Inbox you can join their new list HERE.  
  • DHCD has issued a NOFA for Project Based Rental Assistance open to existing non-age restricted properties in their portfolio that want to provide additional units for persons with disabilities.  More details HERE

Other Housing Industry News

  • CohnReznick tracked the economic performance of LIHTC properties and financing in a new report:  The Low-Income Housing Tax Credit Program at Year 30: Recent Investment Performance.  It provides a detailed analysis of the performance of housing credit properties and the latest performance trends observed across their portfolio.  You can download the report HERE.  

  • Novogradac recently released their report highlighting the impact of the LIHTC to commemorate the 30th anniversary of LIHTC.  The report:  LIHTC Showcase describes the history of the credit; the impact it has on residents, developers, investors and state agencies; and profiles more than 70 LIHTC properties. 

  • The National Council of Housing Market Analysts (NCHMA), will host its 2016 Spring Meeting in Baltimore, MD on April 19-20, 2016 at the Hyatt Regency Baltimore Inner Harbor.  Market analysts, appraisers, developers, equity and debt underwriters and other housing professionals will gather for discussions on emerging industry issues including new developments at FHA and HUD, the Affirmatively Further Fair Housing Rule and emerging LIHTC allocation trends.  The event will also explore development finance opportunities and best practices for underwriting and market analysis. Learn more and register HERE.  MAHC members receive 10% off registration with promo code 16NSMMAHC.

  • Be sure to check MAHC's Job Posting Board HERE. Send jobs you would like posted to Miranda Darden-Willems.

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