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O’Malley Allocates Affordable Housing Funds

January 12th, 2013 by WCBC Radio

According to the Baltimore Sun, Governor Martin O'Malley has allocated $25 million for affordable housing in the fiscal year 2014 capital budget that will allow Maryland to leverage $180 million in private sector and public funding. According to O'Malley Department of Housing and Community Development, the initiative called the "Rental Housing Works" is expected to fund the construction of approximately 1,100 affordable rental units. The initiative will also support 1,900 jobs and generate $39 million in taxes over 15 years.

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