Thursday, June 3, 2010

Refurbished Properties Now Affordable Rentals

Today I had the opportunity tour a formerly vacant foreclosed property that is now available for rental through the Housing Opportunities Commission. The acquisition and renovation of the house, as well as 15 others in Germantown and Wheaton, is part of a $7.1 million effort made possible by funding from the U.S. Department of Housing and Urban Development’s Neighborhood Stabilization Program, the Maryland Department of Housing and Community Development’s Neighborhood Conservation Initiative and a HUD Community Development Block Grant. This program is a real win-win. It is good not just for families in need of affordable housing, but for neighborhoods and the county as a whole. I’m glad we’ve been able to work with our state and federal partners to make this program happen.

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