Maryland Drops $1B for Affordable Housing | Annapolis News

Maryland’s pouring over a billion dollars into affordable housing in fiscal year 2026—creating and preserving 3,225 low-income rental units across the state. This isn’t just new construction; it’s a smart mix of state funds, multifamily bonds, and energy upgrades designed to boost supply and ease financial pressure on families, seniors, and workers. Real impact? Projects like Addison Park Senior Residences in Capitol Heights, getting $84M for senior housing, and rehabbing family units at The Village at Mitchell Pond in Salisbury. Behind the scenes, the Department of Housing and Community Development closed 28 deals, issued $500M in bonds, and managed $440M in tax credits—plus $79M from state rental programs and $6M for energy efficiency. Governor Moore calls affordable housing a major barrier to stability—and this massive investment is a bold step toward breaking it down. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/85990caa48d02e0a