Budget Year / Version:

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.

Program Contacts

Contact Tim Goetzinger of the Department of Housing and Community Affairs at 240.777.3728 or Pofen Salem of the Office of Management and Budget at 240.777.2773 for more information regarding this department's operating budget.


Program Performance Measures

Program Performance MeasuresActual FY17Actual FY18Estimated FY19Target FY20Target FY21
Total affordable housing units preserved 12,9514,3904,9004,7504,950
Total affordable housing units produced1,7241,5251,6161,5381,277
Cost per unit of affordable housing units produced 24,127 33,603 33,536 28,118 25,425
Cost per unit of affordable housing units preserved 4,255 5,035 13,566 7,264 7,325
1  Preservation increases projected in FY18-20 due to increases in MHI rental assistance funding.

Program Budget Changes

FY20 Approved ChangesExpendituresFTEs
FY19 Approved345880146.90
Increase Cost: Affordable Housing Initiative33807520.00
Re-align: Rental Assistance Program (Estimated Increase in Recordation Tax Premium Revenue)21214200.00
Multi-program adjustments, including negotiated compensation changes, employee benefit changes, changes due to staff turnover, reorganizations, and other budget changes affecting multiple programs.-653760.00
FY20 Approved400248106.90