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Budget Year / Version:
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Program Description

  Multi-Family Housing Programs

This program creates and preserves affordable multi-family housing units. Loans are made to the HOC, nonprofit organizations, property owners, and for-profit developers. This program provides funding to:

  • preserve existing affordable housing units;
  • construct and acquire affordable housing units;
  • rehabilitate existing rental housing stock;
  • participate in housing or mixed-use developments that will include affordable housing;
  • acquire land to produce affordable housing; and
  • provide low-income rental housing assistance.
Major funding for these projects is provided from the Montgomery Housing Initiative Fund, the Federal HOME Grant, the Federal Community Development Block Grant, and State grants. The program emphasizes the leveraging of County funds with other public and private funds in undertaking these activities.

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Program Contacts

Contact Frank Demarais of the Department of Housing and Community Affairs at 240.777.3619 or Pofen Salem of the Office of Management and Budget at 240.777.2773 for more information regarding this department's operating budget.

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Program Performance Measures

Program Performance MeasuresActual FY19Actual FY20Estimated FY21Target FY22Target FY23
Number of affordable housing units preserved and available for occupancy (County funded)6,019 5,946 6,197 6,381 6,572
Number of affordable housing units produced and available for occupancy (County funded) 1403 546 650 668 688
Ratio of non-County dollars leveraged to County dollars in affordable housing projects4.54 4.25 4.38 4.51 4.64
Total affordable housing units produced1,623 1,202 1,263 1,306 1,345
Total affordable housing units preserved 26,077 6,004 7,129 7,142 7,357
1  Out year projections may fluctuate based on current pipeline activity and certain assumptions on preservation / production strategies.
2  Preservation increases projected in FY18-20 due to increases in MHI rental assistance funding.
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Program Budget Changes

FY22 Approved ChangesExpendituresFTEs
FY21 Approved333918156.90
Enhance: Affordable Housing Projects Based on Land Sale Proceeds Contributed to the HIF67977500.00
Enhance: Affordable Housing Initiative55287840.00
Enhance: Pay Debt Service for HOC Housing Production Fund Using the FY21 Desingated General Fund Reserve for Affordable Housing34000000.00
Enhance: Estimated Contributions from HOC Housing Production Fund to Support Additional Projects17708330.00
Increase Cost: 3% Inflationary Adjustment to Nonprofit Provider Contracts405500.00
Reduce: Operating Expenses to Reflect Adjusted Revenue Estimates-3623960.00
Reduce: Operating Expenses to Reflect Adjusted Debt Service Transfer for Housing CIP-23913000.00
Reduce: Rental Assistance Program Due to Revenue Shortfall-29644210.00
Decrease Cost: Commited County Payment Transfer to Debt Service Fund for HOC Housing Production Fund-34000000.00
Multi-program adjustments, including negotiated compensation changes, employee benefit changes, changes due to staff turnover, reorganizations, and other budget changes affecting multiple programs.-134170.00
FY22 Approved417981986.90