The Department of Housing and Community Development’s Division of Development Finance, also known as the Community Development Administration, is the housing finance agency for the State of Maryland. The Community Development Administration comprises three branches: Multifamily Housing, Single Family Housing, and Community Development Administration Finance.
Community Development Administration Multifamily Housing expands quality, affordable rental and transitional housing opportunities for Marylanders by financing the development, rehabilitation, and preservation of rental communities and transitional housing, and by administering rental assistance programs and the Federal Low Income Housing Tax Credit program.
Community Development Administration Single Family Housing provides homebuyer assistance programs by offering mortgage loans and down payment and closing cost assistance to eligible homebuyers with low-to moderate-income, programs to rehabilitate single family rental housing to improve basic livability, and programs to meet unique housing needs, including lead paint reduction, weatherization assistance and financing for persons with special needs.
Community Development Administration Finance raises capital in the national municipal bond markets to provide financing at below-market interest rates for individuals to purchase single family homes, for nonprofit and for-profit entities to construct and rehabilitate multifamily properties, and for local governments to improve and construct public infrastructure. The Community Development Administration’s primary financing sources are municipal bonds and State-appropriated funds.
7800 Harkins Road, Lanham, MD 20706
(301) 429-7400 or 1-800-638-7781