Business, Government, Real Estate

State awards financing to develop low-income housing in Fallston

The state has announced funding recipients for the Maryland Department of Housing and Community Development’s most recent application round for federal Low Income Housing Tax Credits and state Rental Housing Funds. Twenty-one projects will receive awards, including one located at a busy Fallston intersection. The awards will cover the new construction and rehabilitation of approximately 1,147 affordable rental units, including …


Business, Government, Real Estate

Jared Kushner-owned company fined as negligent property owner in White Marsh, Essex

Baltimore County Executive Kevin Kamenetz revealed on Thursday the existence of more than 200 code violations in apartments owned by the Kushner Companies in Baltimore County, all accrued in the current calendar year. After threatening to withhold HUD rental payments and levy fines, necessary repairs were made in all but nine properties. Those nine un-repaired properties resulted in withholding of …


Baltimore mortgage rates hold near 2016 lows

by Chris Montcalmo Freddie Mac on Thursday released the results of its Primary Mortgage Market Survey, showing average fixed mortgage rates holding near 2016 lows. The 30-year fixed-rate mortgage averaged 3.58 percent with an average 0.6 point for the week ending May 19, 2016, up from last week when it averaged 3.57 percent. A year ago at this time, the …

Councilman Marks opposed affordable housing changes three years ago

 With much attention focused on the federal government’s recent support for new affordable housing initiatives, one Baltimore County Councilman spoke out nearly three years ago. NottinghamMD.com received a copy of a letter sent by Councilman David Marks opposing the regulatory change in 2013. The final rule was adopted by the Obama administration, and Councilman Marks said he never received a …

Baltimore mortgage rates reverse course, turn lower

Freddie Mac on Thursday released the results of its Primary Mortgage Market Survey, showing Baltimore mortgage rates moving lower for the first time in four weeks. The 30-year fixed-rate mortgage averaged 3.71 percent with an average 0.5 point for the week ending March 24, 2016, down from last week when it averaged 3.73 percent. A year ago at this time, …