May 2016 E-Newsletter

Upcoming Events

2016 Annual Sponsors

Thank you to our Sponsors!

Platinum

Gold

     

Silver

AGM Financial Services
Ballard Spahr

Bozzuto Construction

CBP Constructors
CPDC
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

Bronze

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

Pax-Edwards

PIRHL

R4 Capital

Raymond James

Real Property Research Group

Red Stone Equity Partners

Stavrou Companies

Victory Housing

Wells Fargo

Woori America Bank


Non-Profits


ACDS

AHC of Greater Baltimore

ARC of the Central Chesapeake Region

Episcopal Housing

HOC of Montgomery County

Interfaith Housing Alliance

MAHRA

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

Welcome New MAHC Members

  • Anne Arundel Affordable Housing Coalition
  • Asian-American Homeownership Counseling
  • A Step Forward
  • Devere Insulation
  • Lancaster Pollard
  • Morgan Keller Construction
  • TD Bank
  • Ayodeji Badaki, Housing Authority of Washington County
  • Terry Green, Triad Housing Corp.
  • Julia Pierson, Cloudburst Consulting
  • Richard McRae, Consultant

ACTION ALERT:

NATIONAL HOUSING TRUST FUND HEARINGS

Maryland DHCD is holding a series of Public Hearings to discuss their proposed Allocation Plan for the $3 Million in funding they expect to receive later this year from the National Housing Trust Fund.  The Trust Fund is a new affordable housing program that will complement existing resources to increase and preserve the supply of affordable housing for extremely/very low income households.  Attend one of their upcoming meetings to learn more and share your opinions on how the funds should be allocated:

May 31, 2016:  7:00 - 8:00 pm in Lanham, MD
June 1, 2016:  11:30am - 12:30 pm in Dundalk, MD
June 2, 2016:  10:30 - 11:30am in Denton, MD
June 3, 2016:  2:00 - 3:00pm in Hagerstown, MD

Visit their website for more details.


President's Perspective

Dear MAHC Members and Friends,

I want to thank everyone who attended our Spring Breakfast Event with Secretary Holt on April 22, and congratulate Osprey Property Company, Pax-Edwards, Montgomery Housing Partnership and Harkins Builders on their awards!  As you can see from the photos below, we had a great crowd.  We also received good news from the Secretary - the RHW Program will not be negatively impacted by the lower funding level for the program in the 2017 budget.  For more on this and other important DHCD updates from the event, see the Recap article below. 

DHCD is due to release the second draft of the QAP momentarily, so I urge you to review the revised QAP and provide any comments to the Department before the public hearing and final comment period this summer.  This is your opportunity to shape rental housing policy in Maryland.  In other news, DHCD announced that they received another $2 million grant from the Weinberg Foundation for additional deeply-subsidized units.  They also expect to receive $3 million from the newly-funded National Housing Trust Fund next year.  We appreciate the Department’s commitment to pursuing additional financing sources for affordable housing across the State. 

While you are making plans for the summer, and scouting out potential development opportunities, I encourage you to schedule time to take advantage of the networking opportunities and information provided at our Brown Bag Lunch series.  Upcoming sessions will include topics such as DHCD bond financing opportunities, the Baltimore County Conciliation Agreement, and Overcoming Development Concerns in Communities of Opportunity.  Make the most of your MAHC Membership – attend an upcoming event and join a Committee (or two!).

                                                                                                                         ~Chickie Grayson 

SAVE THE DATE:

MAHC ANNUAL MEETING

OCTOBER 19, 2016

BALTIMORE, MD

Keynote Speaker: Bob Moss
CohnReznick National Director of Governmental Affairs


In Case You Missed It: Breakfast with the Secretary Recap

Over 120 MAHC Members participated in this year's Breakfast with the Secretary Event on April 21, 2016.  DHCD presented several awards, including the Expanding Housing Opportunities for Persons with Disabilities Award to Osprey Property Company and Pax-Edwards for their Riverwoods at Tollgate Project; the Community Impact Award went to Montgomery Housing Partnership for their Silver Spring Library Residences project; and the Excellence in Construction Safety Award went to Harkins Builders.  In addition, DHCD staff summarized the comments they received to the first draft of the QAP and reported that the next draft would be out for review in early May.  Most importantly, Secretary Holt assured us that even though RHW did not receive the funding level we hoped for, it was combined with the Rental Housing Program and included in the CIP so that will provide the Department with greater flexibility on where the funds will come from and assures that the program is funded for the next five years!

MAHC Camera: Breakfast with the Secretary





Upcoming Brown Bag Lunch Events

The brown bag lunch series returns in June with two sessions and a bonus energy efficiency discussion group meeting.  First, join us on June 16, 2016 in Palmer Park for a roundtable discussion with DHCD staff on creative ways to fund bond deals.  They are looking for ideas on how to get more involved in bond transactions and want your suggestions on how they can be more creative with their financing tools.  Then, on June 29, 2016 join us in Middle RIver to hear from Andrea Van Arsdale and Marsha Parham from the Baltimore County Departments of Planning and Housing (respectively) to learn more about the Conciliation Agreement and the funding they have available to finance affordable housing projects in areas of opportunity.  Also, our Energy Discussion Group series continues on June 22, 2016 in Brooklyn Park where staff from the DHCD Building and Energy Building Program division will talk about funding available to make energy efficient improvements to your rental properties, what properties are eligible, and how to apply.  Go to our CALENDAR PAGE to register for any of our upcoming events.

What's Going on at Maryland DHCD

  • DHCD received 40 comments to the first draft of the QAP and Guide for 2016.  They plan to release the next draft by month end and will have another comment period.  To view the draft QAP, Guide, and all other documents released by DHCD go HERE.  

  • DHCD and its other State partners (DHMH and DOD) were recently awarded a new $2 Million grant from the Harry and Jeanette Weinberg Foundation to fund an additional 10-15 housing units that will serve persons earning 15-30% of AMI.  The first Weinberg grant created 20 units, so the additional funds will allow DHCD to continue providing capital funds to developers to create deeply subsidized units for persons with disabilities. 

  • DHCD recently published two funding announcements.  The first is for $3.7 Million in funds available for the installation of energy conservation measures in multifamily buildings in BGE territories where at least 80% of tenants earn 60% AMI or below.  Priority will be given to master metered buildings and work must be completed by April 30, 2017.  Go HERE to review the announcement.  They also have $250,000 available for builder operator training, which also must be for properties in BGE service areas and completed by April 30, 2017.  Go HERE to review the announcement.

  • 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

  • The National Low Income Housing Coalition just released their annual "Out of Reach" Report which shows that Maryland is the 5th most expensive state in the country to live in.  A Marylander has to earn $26.53 per hour (working 40 hours per week) to afford the Fair Market Rent for a two-bedroom apartment.  Go HERE to read the full report.

  • Baltimore County has entered into a Conciliation Agreement with HUD and will provide $30 Million over the next 10 years to create 1,000 new affordable housing units in designated areas of the County.  In addition, they will create a Mobility Counseling Program and Mobility Assistance Fund to assist families with locating expanded housing opportunities.  To read more about the agreement, activities they plan to undertake, and view the map of areas designated for new housing units, visit their site HERE.

  • HUD recently published the 2016 Income Limits which apply to Low Income Housing Tax Credit Properties.  Go HERE to view the new limits.

  • The Affordable Housing Tax Credit Coalition is holding its Spring Meeting and Tax Credit Excellence Awards Luncheon on June 7-8, 2016 in Washington, DC.  Go HERE to learn more and to register.

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

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