2016 Annual Sponsors
Thank you to our Sponsors!
AGM Financial Services
CL McCoy Framing
Conifer LeChase Construction
Delaware Valley Development Corp.
Green Street Housing
Grimm & Parker
Housing Trust of America
Hudson Housing Capital
Marks Thomas Architects
National Foundatoin for Affordable Housing Solutions
Novogradac & Company
Real Property Research Group
Red Stone Equity Partners
Woori America Bank
AHC of Greater Baltimore
ARC of the Central Chesapeake Region
HOC of Montgomery County
Interfaith Housing Alliance
Mission First Housing
Volunteers of America
2017 Board of Directors
Ivy Dench-Carter, President
Peter Siegel, Vice President
Jonette Hahn, Treasurer
Jessica Zuniga, Secretary
Dave Raderman, Of Counsel
Welcome New MAHC Members
Congratulations to our 2016 Housing Award Winners!
President's Award: Maryland DHCD Community Development Administration Multifamily Division
Housing Leadership Award: Prince George's County Executive Rushern Baker, III and Montgomery County Executive Ike Leggett (accepted by Clarence Snuggs and Eric Brown)
Housing Person of the Year Award: Bethany Hooper, President, Humphrey Management
Innovation Award: Mosaic Power Water Heater Storage Program
Highlights from the MAHC Annual Meeting
Over 300 Members and Guests gathered on October 19, 2016 in Baltimore for the MAHC Annual Meeting. Lt. Governor Boyd Rutherford joined us to highlight the success of the Rental Housing Works Program. Matt Heckles provided an update on DHCD programs, and Bob Moss provided an overview of what to expect in Washington this session in terms of legislative proposals around tax reform and changes to the Low Income Housing Tax Program. Ivy Dench-Carter, MAHC President, reviewed MAHC's accomplishments in 2015 and priorities for the next year, which include getting more nonprofits involved with MAHC Committees. Jessica Zuniga, MAHC Legislative Chair, talked about MAHC's Legislative Priorities for 2017 which include $20 Million in funding for Rental Housing Works, full funding of DHCD's rental housing budget, and an increase in funding for the Maryland Affordable Housing Trust.
MAHC Holiday Mixer is December 6th
Join us for the MAHC Holiday MIxer at the new Open Works Studio, 1400 Greenmount Ave., Baltimore, MD on December 6, 2016 from 5:30 - 7:30 p.m. MAHC Members and guests are invited to join us to celebrate the holiday season with a networking mixer. Please go HERE to register if you plan to attend, as space is limited.
State Budget Update
Thank you to our Members who responded to our Action Alert and reached out to members of the Board of Public Works to oppose the $1 Million cut to the Rental Housing Program budget. Unfortunately, the BPW voted unanimously to approve the proposed total of $7 Million in cuts to DHCD programs, including $1 Million from Rental Housing Programs (RHW), $1 Million from Partnership Rental Housing Program, $500,000 from Housing and Building Energy Programs, $1 Million from Community Legacy, and $500,000 from Neighborhood Business Development, among other cuts. The 2017 Legislative Session is more important than ever to ensure that Rental Housing Works is adequately funded and able to provide funds to the 26 projects currently in DHCD's pipeline awaiting RHW funding. The 2017 Maryland Legislative Session begins at Noon on January 11, 2017.
Action Alert - Federal Tax Reform
This is an important update from the Housing Advisory Group:
We are almost a week removed from the election, and thus have had time to catch up with congressional staff and colleagues in the industry. These ongoing conversations have a common theme: Tax reform, once considered an elusive legislative goal, now is much more of a political and legislative reality with the election of President-elect Trump and the House and Senate both controlled by Republicans.
Maryland Elected Officials Contact Information can be found HERE.
Register For These December Events
The brown bag lunch series continues to provide learning opportunities for our members. In November, we learned how PACE Financing can be used to fund multifamily deals. On December 9, 2016 from 9:30am - 12:00pm we will be holding our first Bond Finance 201 session in Greenbelt, MD to discuss more advanced bond financing structures. Also in December, we have a Brown Bag Lunch scheduled for December 15, 2016 from 12:00 - 1:30pm at South River Restoration in Upper Marlboro. This event is geared to property owners and managers, and we will discuss emergency preparedness and making sure managers and owners have a game plan in place to address any emergency that may arise at your site. Go to our CALENDAR PAGE to register for any of our upcoming events.
What's Going on at Maryland DHCD
Other Housing Industry News