Maryland Department of Housing and Community Development Releases Fiscal Year 2017 Annual Report

NEW CARROLLTON, MD – The Maryland Department of Housing and Community Development today released its Fiscal Year 2017 Annual Report. During this period, the department generated an economic impact of nearly $4 billion for the state, including the creation of approximately 17,000 full-time equivalent jobs, and $941 million in wages and salaries. Each dollar of state funds supporting the department’s programs created more than $28 of impact statewide.

Project C.O.R.E. (Creating Opportunities for Renewal and Enterprise) experienced another successful year helping Baltimore City address blight. From program inception through FY17, 1,186 units of blight have been removed through a partnership between the Maryland Department of Housing and Community Development, the Maryland Stadium Authority, and Baltimore City. Sixty-five projects received awards to redevelop and beautify the city, making it a more attractive destination for businesses and families alike.

The department expanded Maryland’s portfolio of high quality affordable housing options. In FY17, the department funded 41 different projects, totaling $979 million, creating or preserving 4,254 housing units.

For more information on the department’s activities in FY17, read the full report here: http://bit.ly/AnnualReportFY2017.

About Maryland Department of Housing and Community Development:
The Maryland Department of Housing and Community Development is proud to be at the forefront in implementing housing policy that promotes and preserves homeownership and creating innovative community development initiatives to meet the challenges of a growing Maryland. Learn more at: http://dhcd.maryland.gov/Pages/About/AboutUs.aspx

Media Contact:
Sara Luell, Director of Communications
sara.luell@maryland.gov
301-429-7803