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State offers 8.5 percent rehabilitation and energy loans in Maryland
Maryland Department of Economic and Community Development through its Community Development Administration offers Home Improvement and Energy Loan programs. The Maryland Housing Rehabilitation Program supports single family owner occupied homes rental properties up to 20 units and commercial properties with loans up to 50 000 per unit. Interest is 8.5 percent with terms up to 20 years. Contact the Home Improvement Programs office at 301 269 2795 or 1 800 492 7127 for eligibility and details. CDA states it has financed over 28 000 housing units since 1970 and uses tax exempt bonds to fund programs.
MENTIONED IN THIS ARTICLE
Maryland Department of Economic and Community Development
DECD
OECD
Community Development Administration
CDA
Maryland
Maryland Housing Rehabilitation Program
MHRP
The
General Assembly