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 FY18Actual FY19Estimated FY20Target FY21Target FY22
Number of affordable housing units preserved and available for occupancy (County funded)3,6446,0195,2645,2904,952
Number of affordable housing units produced and available for occupancy (County funded) 1468403621585150
Ratio of non-County dollars leveraged to County dollars in affordable housing projects1.074.549.494.855.00
Total affordable housing units produced1,5251,6231,3761002544
Total affordable housing units preserved 24,3906,0776,11862055713
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.

Program Budget Changes

FY21 Recommended ChangesExpendituresFTEs
FY20 Approved400248106.90
Increase Cost: Operating Expenses to Reflect Adjusted Revenue Estimates6054990.00
Multi-program adjustments, including negotiated compensation changes, employee benefit changes, changes due to staff turnover, reorganizations, and other budget changes affecting multiple programs.55859741.00
FY21 Recommended462162837.90