Business

Governor Hogan announces record milestone of $1 billion in mortgages through Maryland Mortgage Program in 2019

ANNAPOLIS, MD—Governor Larry Hogan on Monday announced that the Maryland Department of Housing and Community Development’s Maryland Mortgage Program reached a record $1 billion in reservations for the program in 2019, representing more than 4,000 homebuyers. This is a 12-month period high for the history of the program. The Maryland Mortgage Program provides fixed-rate mortgages that come with downpayment and …


Business, Politics

Governor Hogan awards more than $30 million in neighborhood revitalization funds

ANNAPOLIS, MD—Governor Larry Hogan on Thursday announced more than $30 million in Fiscal Year 2020 neighborhood revitalization program awards. Grants from the Community Legacy program, the Strategic Demolition Fund, the Baltimore Regional Neighborhood Initiative, the National Capital Strategic Economic Development Fund, and the Seed Community Development Anchor Institution Fund will support 181 projects in 23 jurisdictions across Maryland and are …


Governor Hogan announces $40M in support to new, expanding small businesses [VIDEO]

ANNAPOLIS, MD—Governor Larry Hogan on Wednesday announced that the State of Maryland has surpassed the milestone of more than $40 million in lending to over 170 small businesses through the Maryland Department of Housing and Community Development’s Neighborhood BusinessWorks program since January 2015. Neighborhood BusinessWorks provides gap financing to new and expanding small businesses located in Priority Funding Areas and …

Governor Hogan announces drop in homelessness rate in Maryland

ANNAPOLIS, MD – Governor Larry Hogan announced on Wednesday that overall homelessness in Maryland has been reduced by 9.47% since 2017, according to data from the 2019 Point-in-Time Count. The number of chronically homeless individuals dropped by 14.8% and veterans experiencing homelessness declined by 8.58%. Conducted by the state’s 16 designated Continuums of Care and supported by the Maryland Department …