Business, Family, Politics

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

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 …


Business, Health, Politics, Sci-Tech

Governor Hogan: Maryland Department of Commerce to forgive $75 million in commercial emergency loan debt, state to fund $25 million in low-income housing tax credit projects

ANNAPOLIS, MD—Governor Larry Hogan on Thursday afternoon delivered an update on Maryland’s response to the COVID-19 pandemic. In March, the state provided $75 million in emergency loans to Maryland businesses. On Thursday, Governor Hogan directed the Maryland Department of Commerce to forgive the entire $75 million in emergency loan debt. The loans will be converted to grants, which will not …