Budget Year / Version:
FY 26
RECOMMENDED
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Program Description

  Housing Development

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Program Contacts

Contact Pofen Salem of the Department of Housing and Community Affairs at 240-777-3728 or Anita Aryeetey of the Office of Management and Budget at 240-777-2784 for more information regarding this department's operating budget.

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Program Performance Measures

Program Performance MeasuresActual FY23Actual FY24Estimated FY25Target FY26Target FY27
Affordable housing units produced in the production pipeline406283580850900
Number of affordable housing units in the preservation pipeline7198501,023700725
Cost per unit of affordable housing units preserved 1 $177,218$69,320$70,000$72,000$74,000
Cost per unit of affordable housing units produced 2$142,377$90,586$95,000$100,000$105,000
Showing 1 to 4 of 4 entries
1  The significant cost increase per affordable unit being preserved in FY23 reflects the overall economic changes associated with inflationary adjustments, higher construction costs, and local tax policy changes.
2  Average cost per unit fluctuates with the type of project financed. The significant cost increase per unit being produced for FY23 reflects the overall economic changes associated with inflationary adjustments, higher construction costs, and local tax policy changes.
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Program Budget Changes

FY26 Recommended ChangesExpendituresFTEs
FY25 Approved$266,0541.95
Re-align: Operating Expenses to Support Mailing Activities$3,5000
Multi-program adjustments, including negotiated compensation changes, employee benefit changes, changes due to staff turnover, reorganizations, and other budget changes affecting multiple programs.$129,1460
FY26 Recommended$398,7001.95