Real Estate Mortgage Housing Home Buying

Governor Moore announces record-setting housing bond to support affordable, sustainable homeownership for first-time homebuyers

Posted on by Chris Montcalmo

ANNAPOLIS, MD—Governor Wes Moore on Wednesday announced that the Maryland Department of Housing and Community Development issued the largest mortgage revenue bond in the agency’s history. The $400 million bond from the department’s Community Development Administration through the Residential Revenue Bond program generated tax-exempt and taxable bond proceeds that may be used to finance affordable, sustainable mortgage loans to first-time […]

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Real Estate Mortgage Housing Home Buying

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

Posted on 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 […]

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

Posted on by Chris Montcalmo

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 […]

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