FY2026 Proposed Operating and Capital Budgets

FY2026 Proposed Budget Fund Budgets

Housing Initiatives

Housing Initiatives The Housing Initiatives Fund was approved to establish a locally funded affordable housing tool to provide flexible loans to help create and preserve affordable housing for Frederick County through leveraging of other funding sources, such as local, state, federal, public and private sources. The primary objectives of the Fund are to: foster the development of public/private partnerships for the production of affordable housing; to enhance and create housing for very low, low, and moderate income residents; to promote, where possible, mixed income communities through the creation and equitable distribution of affordable housing units; to preserve housing that could be lost from the affordable housing stock; to renovate affordable distressed properties and to fulfill a critical housing need in Frederick County.

2.14% of the recordation tax revenue is allocated to address affordable housing issues in the County.

Budget Highlights The FY26 budget reflects a slight increase in recordation tax. This is offset by a reduction in the Deferred Loan Program due to fewer developer projects which is attributed to various factors such as inflation, land acquisition costs, and state funding.

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