Kenneth C. Holt Archives - Page 2 of 4

Real Estate Mortgage Housing Home Buying

Governor Hogan announces expansion of SmartBuy initiative to help more Maryland homebuyers

Posted on August 16, 2022 by Chris Montcalmo

ANNAPOLIS, MD—Governor Larry Hogan this week announced that the Maryland Department of Housing and Community Development (DHCD) has expanded the state’s landmark SmartBuy initiative to address rising housing market prices. To help manage purchase costs, homebuyers can now eliminate up to $50,000 in student loan debt—up from $30,000. The program has also added an additional down payment and closing cost […]

Governor Hogan Moment of Silence 20220126

Governor Hogan announces opening of second application round for Project Restore

Posted on July 7, 2022 by Chris Montcalmo

ANNAPOLIS, MD—Governor Larry Hogan on Thursday announced the opening of the second application round for Project Restore, an economic recovery initiative that provides financial incentives for small businesses and commercial developers to revitalize vacant retail and commercial space. Through Project Restore, the Maryland Department of Housing and Community Development will administer $25 million in rental and operational grants to new […]

Governor Hogan announces $198 million in small business relief

Posted on May 20, 2022 by Chris Montcalmo

ANNAPOLIS, MD—Governor Larry Hogan this week announced that the State of Maryland will deploy up to $198 million in federal small business relief through the State Small Business Credit Initiative (SSBCI). Maryland was the first state in the nation to submit its SSBCI deployment plan to the United States Treasury Department, and today was one of the first five states […]

Governor Hogan announces $200 million affordable housing package to address rising costs

Posted on April 28, 2022 by Chris Montcalmo

ANNAPOLIS, MD—Governor Larry Hogan this week announced that more than $200 million in financing tools and new programs will be made available to create new affordable housing opportunities in the state. The Maryland Department of Housing and Community Development (DHCD) will administer the funds to produce more than 6,000 additional units statewide amid rising construction costs and interest rates. “During […]

16 Baltimore County businesses among second round of Project Restore grant recipients

Posted on February 22, 2022 by Chris Montcalmo

ANNAPOLIS, MD—Governor Larry Hogan on Tuesday announced the second round of recipients for Project Restore, a $25 million economic recovery initiative that provides financial incentives to revitalize vacant retail and commercial space. In this round of awards, 209 businesses will receive $5.2 million in rental subsidies and $9.3 million in business operations grants over the next two years, totaling $14.5 […]

Governor Hogan announces opening of Maryland Homeowner Assistance Fund

Posted on January 5, 2022 by Chris Montcalmo

ANNAPOLIS, MD—Governor Larry Hogan on Wednesday announced the launch of the $248 million Maryland Homeowner Assistance Fund, which will be administered by the Maryland Department of Housing and Community Development (DHCD) to support mortgage relief, home repairs, housing counseling, and legal services. “Across Maryland, there are homeowners who are struggling to keep up with their mortgage payments due to the […]

11 Baltimore County businesses among first round of Project Restore grant recipients

Posted on December 21, 2021 by Chris Montcalmo

ANNAPOLIS, MD—Governor Larry Hogan this week announced the first round of awardees for Project Restore, a $25 million economic recovery initiative that provides financial incentives for small businesses and commercial developers to revitalize vacant retail and commercial space. A total of 144 businesses in 23 jurisdictions will receive $3.6 million in rental subsidies and $7.2 million in business operations grants […]

Governor Hogan announces $10 million Homeownership Works initiative

Posted on October 28, 2021 by Chris Montcalmo

ANNAPOLIS, MD—Governor Larry Hogan this week announced the launch of the Homeownership Works (HOW) pilot program, a $10 million economic recovery initiative that will rehabilitate homes to create new homeownership opportunities while revitalizing Johnston Square in Baltimore City and Pine Street in Cambridge. “Homeownership Works is a game-changing approach that will serve as a national best practice for community renewal,” […]

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