ACDS has made available over $25,000,000 in HOME and CDBG funding, usually in the form of low-interest loans, to develop affordable housing for the County’s low and moderate income residents, including persons with special needs. Every year, ACDS accepts proposals for its Rental Housing Production Program, its Community Housing Development Organization (CHDO) Home Acquisition/Rehabilitation Program, and its Group Home Acquisition/ Rehabilitation Program. These provide gap financing to assist with the development costs of constructing affordable housing communities and group homes for families, seniors, and special needs County residents who meet income eligibility requirements.
Developers are encouraged to contact ACDS planning staff at ebrush@acdsinc.org or 410-222-7600 to discuss project proposals before applying and ensure that they meet the program requirements.
ELIGIBLE APPLICANTS
Developers and owners of existing multi-family or group home properties are eligible to apply for funding as long as they can adhere to the terms and conditions of the programs, including all federal requirements mandated by the HOME and CDBG programs. Applicants may include for-profit companies and nonprofit organizations.
Applicants must be able to demonstrate experience developing affordable housing projects and have the fiscal capacity to develop the project with the commitment of other funding sources, as well as the ability to financially support the operation of the project during the affordability period. Typically, County HOME and CDBG funds are leveraged with competitive State of Maryland rental housing program funds and/or Low-Income Housing Tax Credits administered through the Maryland Department of Housing and Community Development (DHCD).
Applicants interested in applying for Low-Income Housing Tax Credits from DHCD or other State housing programs should contact ACDS planning staff to schedule a meeting to discuss the proposed project and the possibility of obtaining a commitment for a local contribution should it be needed.
ELIGIBLE PROJECTS
The Rental Housing Production Program provides a financial incentive to developers and owners of multi-family projects for the rehabilitation, reconstruction, or new construction of affordable rental units in Anne Arundel County. If funds are requested to construct new affordable units, the project must be located in an Opportunity Area as defined within the Anne Arundel County Consolidated Plan FY2016- -FY2020. For funds requested for the rehabilitation or reconstruction of an existing multi-family community, the project may be located in Opportunity Areas or Priority Revitalization Communities as defined in the County’s Consolidated Plan.
PRE-APPLICATION & APPLICATION REQUIREMENTS
Applicants interested in applying for Rental Housing Production Program (RHPP) through ACDS complete and submit a Pre-Application Form and the required attachments. It is strongly advised that potential project sponsors/applicant contact ACDS at lbanks@acdsinc.org to set up a time to discuss the proposed project. Prior to the meeting, the applicant should submit a draft Pre-Application.
Staff will meet with the ACDS Development Committee to review the proposed project and determine the extent to which the project is eligible for funding and the extent to which it meets ACDS and County priorities. Based on this review, priorities and funding availability, ACDS will determine if the project is approved to proceed with the County’s application process.
If you are invited to apply, you will be asked to complete this application and provide the required attachments. Additionally, a letter of financial support from ACDS may be provided for the State’s competitive funding process after your Pre-Application has been reviewed. Do not complete the full application unless you have gone through the Pre-Application process as described above.
Multifamily projects take a considerable amount of time and effort to develop. The process of pre-development, in addition to applying for and being approved for State, federal, local, and private funding can take anywhere from a year or more to complete. Applicants should allow adequate time and ensure they can meet all requirements before pursuing RHPP funding. Please refer to the attached application for guidance on what is required for approval.
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