May 2016 E-Newsletter
Upcoming Events
2016 Annual SponsorsThank you to our Sponsors! Platinum
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Silver AGM Financial Services 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
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 DirectorsChickie Grayson, President Ivy Carter, Vice President Jonette Hahn, Treasurer Kathleen Koch, Secretary Eric Brown Ed Delany Jim French Kim Fry Phil Gibbs Jeff Hettleman Dave Raderman, Of Counsel Peter Siegel Corine Sheridan Jessica Zuniga MAHC StaffMiranda Darden-Willems Executive Director Welcome New MAHC Members
| 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 Visit their website for more details. President's PerspectiveDear 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 In Case You Missed It: Breakfast with the Secretary RecapOver 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 EventsThe 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
Other Housing Industry News
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