FY2025 Proposed Operating and Capital Budgets

FY2025 Proposed Budget Organizational Budgets

Division of Housing

Division of Housing Mission Statement

Assist in the development and preservation of affordable housing for Frederick County residents with an emphasis on special needs populations, senior citizens, persons with disabilities, and low to moderate income workforce households. Because of the vast array of need, a Housing Initiatives Fund exists as a centralized resource pool to encourage development of affordable housing. The primary objectives of the Fund are to: · Foster the development of public/private partnerships for the production of affordable housing · Enhance and create housing for low, very low and moderate income residents · Promote mixed income communities through the creation and equitable distribution of affordable housing.

· Preserve housing that could be lost from the affordable housing stock · Renovate affordable distressed properties to fulfill the critical housing need

A portfolio of programs is offered to the community to create and preserve affordable housing options and support a continuum of care that stretches from homelessness prevention to emergency and transitional housing, leading to permanent affordable housing for all Frederick County residents. HOMEBUYER PROGRAMS

The Homebuyer Assistance Program provides down payment and closing cost assistance in the form of zero percent interest deferred loans to low income first time homebuyers who live or work in Frederick County. HOMEOWNER REPAIR AND REHABILITATION PROGRAMS The Emergency Housing Rehabilitation Program provides low income homeowners in the county with a zero percent deferred loan for emergency home repair and accessibility needs. TheSeniorHousingRehabilitationGrantProgram provides very low income homeowners, with a household member who is 55 years of age or older, with grant funds for emergency home repair and accessibility needs. The Maryland Housing Rehabilitation Program is

administered by the department on behalf of the State of Maryland and provides amortizing and deferred loans and grants tohomeownersoflowtomoderateincomes. Itisdesignedtobringpropertiesuptoapplicablebuildingcodesand standards, fund accessibility modifications to allow senior homeowners to remain in their homes, abate lead paint and provide well and septic improvements to assist with indoor plumbing needs.

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